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Current Attempt in Progress Sarasota Co. had the following transactions during the current period. Mar. 2 Issued 4,400 shares of $5 par value common stock
Current Attempt in Progress Sarasota Co. had the following transactions during the current period. Mar. 2 Issued 4,400 shares of $5 par value common stock to attorneys in payment of a bill for $27,400 for services performed in hiping the company to incorporate. June 12 Issued 64,300 shares of $5 par value common stock for cash of $399,500. July 11 Issued 2,500 shares of $100 par value preferred stock for cash at $140 per share. Nov. 28 Purchased 1,850 shares of treasury stock for $80,000. Journalize the transactions. (List all debit entries before credit entries. Record journol entries in the order presented in the problem. Cred account titles are automatically indented when amount is entered, Do not indent manually.)
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