Question
Home Lawn and Garden Company, Inc. had these transactions during the current period. March 22 Issued 25,000 shares of $4 stated value common stock for
Home Lawn and Garden Company, Inc. had these transactions during the current period.
March 22 Issued 25,000 shares of $4 stated value common stock for cash of $160,000.
May 11 Issued 8,000 shares of $50 par value preferred stock for cash at $72 per share.
June 18 Purchased 3,000 shares of treasury stock for $10,000.
Instructions Prepare the journal entries for the transactions listed above.
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Financial Accounting An Introduction
Authors: Mr Barry Elliott, Mr Augustine Benedict
2nd Edition
0273737651, 9780273737650
