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Quay Co. had the following transactions during the current period. Mar. 2 Issued 4,900 shares of $5 par value common stock to attorneys in payment
Quay Co. had the following transactions during the current period.
Mar. | 2 | Issued 4,900 shares of $5 par value common stock to attorneys in payment of a bill for $30,400 for services performed in helping the company to incorporate. | |
June | 12 | Issued 59,500 shares of $5 par value common stock for cash of $362,500. | |
July | 11 | Issued 2,500 shares of $120 par value preferred stock for cash at $140 per share. | |
Nov. | 28 | Purchased 2,290 shares of treasury stock for $76,000. A) Journalize the transactions. |
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