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Quay Co. had the following transactions during the current period. Mar. 2 Issued 4,200 shares of $7 par value common stock to attorneys in payment
Quay Co. had the following transactions during the current period. Mar. 2 Issued 4,200 shares of $7 par value common stock to attorneys in payment of a bill for $33,700 for services performed in helping the company to incorporate June 12 Issued 59,900 shares of $7 par value common stock for cash of $496,200 July 11 Issued 2,550 shares of $120 par value preferred stock for cash at $130 per share Nov. 28 Purchased 3,350 shares of treasury stock for $80,500 ournalize the 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. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit
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