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Pharoah Company had these transactions during the current period. June 12 July 11 Issued 81,500 shares of $1 par value common stock for cash

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Pharoah Company had these transactions during the current period. June 12 July 11 Issued 81,500 shares of $1 par value common stock for cash of $305,625. Nov 28 Issued 4.150 shares of $100 par value preferred stock for cash at $109 per share. Purchased 3,050 shares of treasury stock for $15,250. Prepare the journal entries for the Pharoah Company 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. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation June 12 July 11 Nov. 28 Debit Credit SUPP

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