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Cullumber Company had these transactions during the current period. June 12 Issued 82,000 shares of $1 par value common stock for cash of $307.500 July

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Cullumber Company had these transactions during the current period. June 12 Issued 82,000 shares of $1 par value common stock for cash of $307.500 July I1 Issued 2,500 shares of $100 par value preferred stock for cash at $105 per share. Nov, 28 Purchased 1,850 shares of treasury stock for $7,400. Prepare the journal entries for the Cullumber Company transactions. (Recond journal entries in the order presented in the problem. Credit account tities are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter o for the amountsi] Prepare the journal entries for the Cullumber Company transictions. (Record journol entries in the order presented in the problem. Credit account fities art automaticakvi indented when amount is enterod. Do not indent manually. List oll debit entries before credit entries. If no entry is required, select "No Entry" for the dcceunt titier and enter o for the amounts.)

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