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Sarasota Co. had the following transactions during the current period. Mar. 2 June 12 Issued 4,400 shares of $5 par value common stock to
Sarasota Co. had the following transactions during the current period. Mar. 2 June 12 Issued 4,400 shares of $5 par value common stock to attorneys in payment of a bill for $27,400 for services performed in helping the company to incorporate. Issued 64,300 shares of $5 par value common stock for cash of $399,500. July 11 Issued 2,500 shares of $100 par value preferred stock for cash at $140 per share. Nov. 28 Purchased 1,850 shares of treasury stock for $80,000. Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit
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