June 15

The company sold 500 shares of Treasury Stock at $25.00.

Luna Corporation was established in 2021 . The company authorized 15,000 shares of Preferred Stock; the par value is $100.00 per share and 5% cumulative stock. Common stock was authorized at 100,000 shares with a par value of $5.00 per share. Prepare the following transactions in the proper journal entry form. Calculate the number of outstanding shares of Common Stock Luna Company has as of June 30 . Luna Corporation was established in 2021 . The company authorized 15,000 shares of Preferred Stock; the par value is $100.00 per share and 5% cumulative stock. Common stock was authorized at 100,000 shares with a par value of $5.00 per share. Prepare the following transactions in the proper journal entry form. July 31 Calculate the per-share amount to be paid to Preferred Stock and the per-share amount to be paid to Common Stock. Refer to the previous question. (round to two (2) decimal places)