Maci Co. had the following transactions during the current period. June 12 Issued 60,000 shares of ($

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Maci Co. had the following transactions during the current period.

June 12 Issued 60,000 shares of $\$ 5$ par value common stock for cash of $\$ 370,000$.

July 11 Issued 1,000 shares of $\$ 100$ par value preferred stock for cash at $\$ 112$ per share.

Nov. 28 Purchased 2,000 shares of treasury stock for $\$ 70,000$.

Instructions

Journalize the transactions.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119791089

10th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell

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Question Posted: Feb 28, 2024 04:00 AM

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Maci Co. had the following transactions during the current period. June 12 Issued 60,000 shares of ($

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June 12 July 11 Nov 28 Cash Common Stock 60000 5 Pai...View the full answer

Financial Accounting Tools For Business Decision Making

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