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Sheridan Company had these transactions during the current period. June 12 Issued 87.500 shares of $1 par value common stock for cash of $328,125. July

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Sheridan Company had these transactions during the current period. June 12 Issued 87.500 shares of $1 par value common stock for cash of $328,125. July 11 Issued 3.200 shares of $100 par value preferred stock for cash at $104 per share. Nov. 28 Purchased 2.050 shares of treasury stock for $8,900, Prepare a tabular summary to record the Sheridan Company 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 for 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 Excess of $ $ June 22 $ July 11 Nov. 28

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