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Home Lawn and Garden Company, Inc. had these transactions during the current period. March 22 Issued 40,000 shares of $3 stated value common stock
Home Lawn and Garden Company, Inc. had these transactions during the current period. March 22 Issued 40,000 shares of $3 stated value common stock for cash of $160,000. May 11 Issued 8,000 shares of $25 par value preferred stock for cash at $60 per share. June 18 Purchased 3,000 shares of treasury stock for $15,000. Instructions Prepare the journal entries for the transactions listed above.
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