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On January 1 Miles Corp. had 45.000 shares of $2 par value common stock issued and outstanding. During the year, the following transactions occurred. Record
On January 1 Miles Corp. had 45.000 shares of $2 par value common stock issued and outstanding. During the year, the following transactions occurred. Record the following journal entries. For each entry, use the number code for the account name from the table given below, and enter the amount under either the Debitor Credit columnas whole number with no commas, dolor signs or decimal places. i Cash 2. Common Stock 3 Dividends 4 Dividends Payable S Paldin Capital In Excess Common Stock 6 Paid in Capital In Excess. Preferred Stock 7 Preferred Stock 8 Treasury Stock June 12 Iwwed 60,000 additional shares of common stock for cash of $250.000 Debit Credit Credit Declared a cash dividend of $3 per share to July 20 Delit Credit July 31 Paid the cash dividend Debit Credit Sept 12 Issued 4,000 shares of $100 per value preferred stock for cash at $104 per share Debit Credit Credit Nov. 28 Purchased 2,000 shares of treasury stock for $10.000 Debit Credit
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