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Crane Corporation had the following transactions during the current period. Mar. 2 June 12 Issued 5,300 common shares to its legal counsel in payment

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Crane Corporation had the following transactions during the current period. Mar. 2 June 12 Issued 5,300 common shares to its legal counsel in payment of a bill for $31,800 for services performed in helping the company incorporate. Issued 63,600 common shares for $397,500 cash. July 11 Issued 1,060, $3 noncumulative preferred shares at $110 per share cash. Nov. 28 Issued 2,120, $3 noncumulative preferred shares at $95 per share cash. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles Mar. 2 Legal Fees Expense Common Shares Debit Credit

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