Q3/13:

Oriole Corporation had the following transactions during the current period. Mar. 2 Issued 5,600 common shares to its legal counsel in payment of a bill for $33,600 for services performed in helping the company incorporate. June 12 Issued 67,200 common shares for $420,000 cash. July 11 Issued 1,120, \$3 noncumulative preferred shares at \$110 per share cash. Nov. 28 Issued 2,240, \$3 noncumulative preferred shares at \$95 per share cash. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no e is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. LIST all debit entries before credit entries.) Date Mar. 2 Account Titles Cash Common Shares June 12 Cash Common Shares July 11 Nov. 28 Debit Credit 33600 33600 420000 420000