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Anslo Fabricating, Inc. is authorized to issue 10,000,000 shares of $5 stated value common stock. During the year, the company has the following transactions: Jan.

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Anslo Fabricating, Inc. is authorized to issue 10,000,000 shares of $5 stated value common stock. During the year, the company has the following transactions: Jan. 3 Issued 60,000 shares at $11 per share Jun. 15 Issued 5,400 shares in exchange for office equipment with a clearly determined value of $50,000 Aug. 16 Purchased 4,000 shares of treasury stock at $16 per share. Prepare the journal entries to record the transactions. It an amount box does not require an entry, leave it blank. Jan. 3 Jun. 15 Aug. 16

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