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E11.8 (LO 2), AP Quay Co. had the following transactions during the current period. Instructions Journalize the transactions. Mar. 2 June 12 July 11
E11.8 (LO 2), AP Quay Co. had the following transactions during the current period. Instructions Journalize the transactions. Mar. 2 June 12 July 11 Nov. 28 Issued 5,000 shares of $5 par value common stock to attomeys in payment of a bill for $30,000 for services performed in helping the company to incorporate. Issued 60,000 shares of $5 par value common stock for cash of $375,000. Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share. Purchased 2,000 shares of treasury stock for $80,000.
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