Ill- On January 1, 2017, Vidalia Company issued 30,000 shares of $2 par value common stock for $150,000. On March 1, 2017, the company purchased 6,000 shares of its common stock for $8 per share for the treasury. On June 1, 2017,1,500 of the treasury shares are sold for $10 per share. On September 1, 2017, 3,000 treasury shares are sold at $6 per share. Instructions Journalize the stock transactions of Vidalia Company in 2017 DATE ACCOUNT TITLE DEBIT CREDIT V- Rowlands Corporation has 100,000 shares of $40 par value preferred stock authorized During the year, it had the following transactions related to its preferred stock (a) Issued 20,000 shares at $55 per share. (b) Issued 10,000 shares for equipment having a $700,000 asking price. The stock had a market value of $75 per share Instructions DATE ACCOUNT TITLE DEBIT CREDIT 3