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Question 4 --/1 View Policies Current Attempt in Progress Cullumber Company had these transactions during the current period. June 12 Issued 79,000 shares of $1
Question 4 --/1 View Policies Current Attempt in Progress Cullumber Company had these transactions during the current period. June 12 Issued 79,000 shares of $1 par value common stock for cash of $296.250. July 11 Issued 2,500 shares of $105 par value preferred stock for cash at $113 per share. Nov. 28 Purchased 1,600 shares of treasury stock for $8,150. Prepare a tabular summary to record the Cullumber Company transactions. (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 Retain Cash = Paid-in-Capital Pref. Stock + Common Stock + PIC in Excess of Par Com. + + PIC in Excess of Par Pref. Treasury Stock + Revenue June 22 $ $ July 11 Nov. 28 e Textbook and Media List of Accounts Retained Earnings Revenue - Expense Dividend
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