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Exercise 8-13 Sandhill Co. had these transactions during the current period. June 12 Issued 81,000 shares of $1 par value common stock for cash of
Exercise 8-13 Sandhill Co. had these transactions during the current period. June 12 Issued 81,000 shares of $1 par value common stock for cash of $303,750 uly 11 Issued 3,550 shares of $104 par value preferred stock for cash at $109 per share Nov. 28 Purchased 2,600 shares of treasury stock for $7,950 Prepare a tabular summary to record the Sandhill Co. transactions. (Ifa transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities+ Stockholders' Equity Paid-in-Capital Retained Earnings PIC in Excess of + Common Stock PIC in Excess of +Par Pref Treasury Stock Cash Pref. Stock + Revenue ExpenseDividend Par Com. June 22 July 11 Nov. 28 Click if you would like to Show Work for this question: Open Show Work
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