Question
Carla Vista Co. had these transactions during the current period. June 12 Issued 78,500 shares of $1 par value common stock for cash of $294,375.
Carla Vista Co. had these transactions during the current period. June 12 Issued 78,500 shares of $1 par value common stock for cash of $294,375. July 11 Issued 3,250 shares of $101 par value preferred stock for cash at $109 per share. Nov. 28 Purchased 1,750 shares of treasury stock for $9,700.
Prepare the journal entries for the Carla Vista Co. transactions shown above.
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Fraud Smart
Authors: K. H. Spencer Pickett
1st Edition
0470682582, 978-0470682586
