Lab Assignment

Question $7$ of $10$

$-15$

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Blue Spruce Co$.$ had the following transactions during the current period.

Mar. $2$ Issued $5,000$ shares of $$5$ par value common stock to attorneys in payment of a bill for $$29,600$ for services performed in helping the company to incorporate.

June $12$ Issued $63,400$ shares of $$5$ par value common stock for cash of $$392,300.$

July $11$ Issued $2,175$ shares of $$100$ par value preferred stock for cash at $$130$ per share.

Nov. $28$ Purchased $2,350$ shares of treasury stock for $$83,500.$

Journalize the transactions. $($List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

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