Blossom Co$.$ had these transactions during the current period.

June $12$ Issued $40,000$ shares of $$3$ stated value common stock for cash of $$200,000.$

July $11$ Issued $1,600$ shares of $$100$ par value preferred stock for cash at $$108$ per share.

Nov. $28$ Purchased $1,600$ shares of treasury stock for $$8,000.$

Prepare the journal entries for the preceding transactions. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Debit

Credit