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Exercise 13 Laci Co. had the following transactions during the current period. Jan 1 Laci Co. was authorised to sell 100,000 shares of $5 par value common stock and 50,000 shares of $100 par value preferred stock Feb 4 Issued 10,000 shares of $5 par value common stock for cash at $8 per share Mar. 2 Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate. June 12 Issued 60,000 shares of $5 par value common stock for cash of $375,000. July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share. Nov. 28 Purchased 10,000 shares of treasury stock for $80,000. Dec. 2 Sold 4,000 shares of treasury stock at $9 per share Dec 3 Sold 4,000 shares of treasury stock at $6 per share Instructions a. Journalize the transactions