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Question 1 of 4 2.13 Wildhorse Co. had these transactions during the current period. June 12 July 11 Issued 82,500 shares of $1 par value

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Question 1 of 4 2.13 Wildhorse Co. had these transactions during the current period. June 12 July 11 Issued 82,500 shares of $1 par value common stock for cash of $309,375. Issued 4,050 shares of $102 par value preferred stock for cash at $110 per share. Purchased 2,050 shares of treasury stock for $9,350. Nov. 28 Prepare the journal entries for the Wildhorse Co. transactions shown above. (Record journal entries in the order presented in th Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No E the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credi June 12 Cash 309375 Common Stock Paid-in Capital in Excess of Par Value-Common Stock July 11 Cash 445500 Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Question 1 of 4 2.13/5 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 for the amounts) Date Account Titles and Explanation Debit Credit June 12 Cash 309375 Common Stock 82,500 Pald-in Capital in Excess of Par Value-Common Stock 226,875 July 11 Cash 445500 Preferred Stock 4050 Pald-in Capital in Excess of Par Value-Preferred Stock Nov. 28 Treasury Stock Cash

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