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Sagan Co. had these transactions during the current period. June 12 July 11 Nov. 28 Issued 80,000 shares of $1 par value common stock for
Sagan Co. had these transactions during the current period. June 12 July 11 Nov. 28 Issued 80,000 shares of $1 par value common stock for cash of $300,000. Issued 3,000 shares of $100 par value preferred stock for cash at $106 per share. Purchased 2,000 shares of treasury stock for $9,000. Prepare the journal entries for the Sagan Co. 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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