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Miles Co. had these transactions during the current period. June 12 Issued 50,000 shares of $3 stated value common stock for cash of $250,000. July
Miles Co. had these transactions during the current period.
| June | 12 | Issued 50,000 shares of $3 stated value common stock for cash of $250,000. | |
| July | 11 | Issued 2,000 shares of $100 par value preferred stock for cash at $108 per share. | |
| Nov. | 28 | Purchased 2,000 shares of treasury stock for $10,000. |
Prepare the journal entries for the preceding transactions.
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