Exercise 11-2

Blossom 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 11		Issued 3,700 shares of $101 par value preferred stock for cash at $105 per share.
Nov. 28		Purchased 2,450 shares of treasury stock for $8,800.

Prepare the journal entries for the Blossom Company transactions shown above. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)