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 $$100$ par value preferred stock for cash at $$109$ per share.

Nov. $28$ Purchased $2,050$ shares of treasury stock for $$10,250.$

Prepare the journal entries for the Sheridan Company transactions. $($Record journal entries in the order presented in the problem. Credit

account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry

is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit