Sagan Co had these transactions during the current period June 12 Issued 80,000 shares of $ 1 par value common stock for cash of $ 300,000 July 11 Issued 3,000 shares of $ 100 par value preferred stock for cash at $ 106 per share Nov 28 Purchased 2,000 shares of treasury stock for $ 9,000 Prepare a tabular summary to record the Sagan Co transactions Include margin explanations for the changes in revenues and expenses (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 Cash Common Stock PIC in Exce June 22 300,000 80,000 $ July 11 318000 Nov 28 9000 e Teythook and Media

Question

Sagan Co  had these transactions during the current period  June 12 Issued 80,000 shares of $ 1 par value common stock for cash of $ 300,000  July 11 Issued 3,000 shares of $ 100 par value preferred stock for cash at $ 106 per share  Nov  28 Purchased 2,000 shares of treasury stock for $ 9,000  Prepare a tabular summary to record the Sagan Co  transactions  Include margin explanations for the changes in revenues and expenses  (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 Cash   Common Stock   PIC in Exce June 22 300,000 80,000 $ July 11 318000 Nov  28 9000 e Teythook and Media

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Sagan Co. had these transactions during the current period. June 12 Issued 80,000 shares of $ 1 par value common stock for cash of $

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