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.

Date Account Titles and Explanation Debit Credit