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Cullumber Company had these transactions durirg the current period. June 12 Issued 79,000 shares of $1 par value commonstock for cash of $296,250. July 11
Cullumber Company had these transactions durirg the current period. June 12 Issued 79,000 shares of $1 par value commonstock for cash of $296,250. July 11 Issued 2,500 shares of $100 par value preferred stock for cash at $108 per share. Nov. 28 Purchased 1.600 shares of treasury stock for $7.200. Prepare the journal entries for the Cullumber Company transactions. (Record joumal entries in the order presented in the problem. Credit occount titles are automoticaliy indented when omount is entered. Do not indent manuolly, List all debit entries before credit entries. If no entry Is required, select "No Entry" for the occount tides and enter O for the amounts)
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