Noble Co had these transactions during the current period June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000 July 11 Issued 3,000 shares of $100 par value preferred stock for cash at $104 per share Nov 28 Purchased 2,000 shares of treasury stock for $11,000 Prepare the journal entries for the transactions (List multiple debit credit entries from largest to smallest amount, e g 10, 5, 2 ) Date Account Description Debit Credit June 12 Preferred StockPaid in Capital in Excess of Par Value Common StockPaid in Capital in Excess of Par Value Preferred StockCashCommon StockTreasury Stock Treasury StockCommon StockPaid in Capital in Excess of Par Value Preferred StockCashPaid in Capital in Excess of Par Value Common StockPreferred Stock CashPaid in Capital in Excess of Par Value Common StockPaid in Capital in Excess of Par Value Preferred StockPreferred StockCommon StockTreasury Stock July 11 CashPaid in Capital in Excess of Par Value Common StockPaid in Capital in Excess of Par Value Preferred StockCommon StockPreferred StockTreasury Stock Preferred StockPaid in Capital in Excess of Par Value Common StockPaid in Capital in Excess of Par Value Preferred StockTreasury StockCashCommon Stock Paid in Capital in Excess of Par Value Preferred StockCommon StockTreasury StockPreferred StockPaid in Capital in Excess of Par Value Common StockCash Nov 28 Paid in Capital in Excess of Par Value Preferred StockTreasury stockCashCommon StockPreferred StockPaid in Capital in Excess of Par Value Common Stock Paid in Capital in Excess of Par Value Common StockPaid in Capital in Excess of Par Value Preferred StockPreferred StockCashTreasury StockCommon Stock

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Posted on Sep 30, 2024

Noble Co. had these transactions during the current period.

June 12	Issued 80,000 shares of $1 par value common stock for cash of $300,000.
July 11	Issued 3,000 shares of $100 par value preferred stock for cash at $104 per share.
Nov. 28	Purchased 2,000 shares of treasury stock for $11,000.

Prepare the journal entries for the transactions. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.)

Date	Account/Description	Debit	Credit
June 12	Preferred StockPaid-in Capital in Excess of Par Value-Common StockPaid-in Capital in Excess of Par Value-Preferred StockCashCommon StockTreasury Stock
	Treasury StockCommon StockPaid-in Capital in Excess of Par Value-Preferred StockCashPaid-in Capital in Excess of Par Value-Common StockPreferred Stock
	CashPaid-in Capital in Excess of Par Value-Common StockPaid-in Capital in Excess of Par Value-Preferred StockPreferred StockCommon StockTreasury Stock
July 11	CashPaid-in Capital in Excess of Par Value-Common StockPaid-in Capital in Excess of Par Value-Preferred StockCommon StockPreferred StockTreasury Stock
	Preferred StockPaid-in Capital in Excess of Par Value-Common StockPaid-in Capital in Excess of Par Value-Preferred StockTreasury StockCashCommon Stock
	Paid-in Capital in Excess of Par Value-Preferred StockCommon StockTreasury StockPreferred StockPaid-in Capital in Excess of Par Value-Common StockCash
Nov. 28	Paid-in Capital in Excess of Par Value-Preferred StockTreasury stockCashCommon StockPreferred StockPaid-in Capital in Excess of Par Value-Common Stock
	Paid-in Capital in Excess of Par Value-Common StockPaid-in Capital in Excess of Par Value-Preferred StockPreferred StockCashTreasury StockCommon Stock