Question
Sheridan Corporation had the following transactions during the current period. Mar. 2 Issued 5,800 common shares to its legal counsel in payment of a bill
Sheridan Corporation had the following transactions during the current period.
Mar. | 2 | Issued 5,800 common shares to its legal counsel in payment of a bill for $34,800 for services performed in helping the company incorporate. | |
June | 12 | Issued 69,600 common shares for $435,000 cash. | |
July | 11 | Issued 1,160, $3 noncumulative preferred shares at $110 per share cash. | |
Nov. | 28 | Issued 2,320, $3 noncumulative preferred shares at $95 per share cash. |
Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
Date | Account Titles | Debit | Credit |
---|---|---|---|
choose a transaction date Mar. 2June 12July 11Nov. 28 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date Mar. 2June 12July 11Nov. 28 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date Mar. 2June 12July 11Nov. 28 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date Mar. 2June 12July 11Nov. 28 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount |
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