Mar. $2$ Issued $4,500$ shares of $$5$ par value common stock to attorneys in payment of a bill for $$26,500$ for services

performed in helping the company to incorporate.

June $12$ Issued $56,000$ shares of $$5$ par value common stock for cash of $$359,400.$

July $11$ Issued $2,850$ shares of $$100$ par value preferred stock for cash at $$130$ per share.

Nov. $28$ Purchased $2,580$ shares of treasury stock for $$78,000.$

Journalize the transactions. $($Record journal entries in the order presented in the problem. Credit account titles are

automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for

the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

CreditSheffield Corp. had the following transactions during the current period.

Mar. $2$ Issued $4,500$ shares of $$5$ par value common stock to attorneys in payment of a bill for $$26,500$ for services

performed in helping the company to incorporate.

June $12$ Issued $56,000$ shares of $$5$ par value common stock for cash of $$359,400.$

July $11$ Issued $2,850$ shares of $$100$ par value preferred stock for cash at $$130$ per share.

Nov. $28$ Purchased $2,580$ shares of treasury stock for $$78,000.$

Journalize the transactions. $($Record journal entries in the order presented in the problem. Credit account titles are

automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry"

for the account titles and enter $0$ for the amounts.$)$