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Question 8 Pharoah Company had these transactions during the current period June 12 Issued 81,500 shares of $1 par value common stock for cash of
Question 8 Pharoah Company had these transactions during the current period June 12 Issued 81,500 shares of $1 par value common stock for cash of $305,625 July 11 Issued 4,150 shares of $102 par value preferred stock for cash at $ 109 per share. Nov. 28 Purchased 3,050 shares of treasury stock for $9,800 Prepare the journal entries for the Pharoah Company transactions shown above. (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 O for the amounts.) Date Account Titles and Explanation Debit Credit
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