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PLEASE answer in the provided format. Sheridan Company had these transactions during the current period. June 12 Issued 87,500 shares of $1 par value common

PLEASE answer in the provided format.

Sheridan Company had these transactions during the current period.

June 12 Issued 87,500 shares of $1 par value common stock for cash of $328,125.
July 11 Issued 3,200 shares of $100 par value preferred stock for cash at $104 per share.
Nov. 28 Purchased 2,050 shares of treasury stock for $8,900.

Prepare a tabular summary to record the Sheridan Company transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

Assets

=

Liabilities

+

Stockholders Equity

Paid-in-Capital

+

Retained Earnings

Cash

= +

Common Stock

+

PIC in Excess of Par Com.

+

Pref. Stock

+

PIC in Excess of Par Pref.

Treasury Stock

+

Revenue

-

Expense

-

Dividend

June 22

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

select an account title Paid-in-capital in excess of common stock/Paid-in-capital in excess of preferred stock/Preferred stock/Common stock/Dividends/Interest expense
July 11

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

select an account title Preferred stock/Interest expense/Paid-in-capital in excess of common stock/Common stock/Dividends/Paid-in-capital in excess of preferred stock
Nov. 28

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

select an account title Paid-in-capital in excess of preferred stock/Interest expense/Dividends/Common stock/Paid-in-capital in excess of common stock/Preferred stock

PLEASE answer in the provided format.

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