Question
Crane Company had these transactions during the current period. June 12 Issued 87,000 shares of $1 par value common stock for cash of $326,250. July
Crane Company had these transactions during the current period.
June 12 Issued 87,000 shares of $1 par value common stock for cash of $326,250.
July 11 Issued 2,800 shares of $101 par value preferred stock for cash at $107 per share.
Nov. 28 Purchased 3,450 shares of treasury stock for $8,250.
Prepare the journal entries for the Crane Company transactions shown above.
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Advanced Management Accounting
Authors: Robert S. Kaplan, Anthony A. Atkinson, Kaplan And Atkinson
3rd Edition
0132622882, 978-0132622882
