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Exercise 11-2 Dukas Co. had these transactions during the current period. June 12 Issued 86,500 shares of $1 par value common stock for cash of
Exercise 11-2
Dukas Co. had these transactions during the current period.
June 12 | Issued 86,500 shares of $1 par value common stock for cash of $324,375. | |
July 11 | Issued 4,490 shares of $100 par value preferred stock for cash at $106 per share. | |
Nov. 28 | Purchased 3,240 shares of treasury stock for $8,010. |
Prepare the journal entries for the Dukas Co. transactions shown above.
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