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Exercise 11-04 Cullumber Company had these transactions during the current period June 12 Issund 79,000 shares of $1 par value common stock for cash of

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Exercise 11-04 Cullumber Company had these transactions during the current period June 12 Issund 79,000 shares of $1 par value common stock for cash of $296,250, July 11 issued 2,500 shares of $105 par value preferred stock for cash at $113 per share Nov. 28 Purchased 1,500 shares of treasury stock for $8,150. Prepare the journal entries for the Cullumber Company transactions shown above. (Hecord journal entries in the order presented in the problem. Cred account Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the countries and enter for the amount) s are automatically Date Account Titles and Explanation

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