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Stock Subscriptions and Treasury Stock Nash & Roth formed a corporation and had the following organization costs and stock transactions during the year: June 30

Stock Subscriptions and Treasury Stock

Nash & Roth formed a corporation and had the following organization costs and stock transactions during the year:

June 30 Incurred the following costs of incorporation:
Incorporation fees $700
Attorneys' fees 9,450
Promotion fees 7,960
July 15 Issued 7,190 shares of $10 par common stock for $75,130 cash.
Aug. 1 Received subscriptions for 8,480 shares of $10 par common stock for $85,853.
15 Issued 16,920 shares of $10 par common stock in exchange for a building and fixtures with a fair market value of $174,780.
31 Received a payment of $50,770 for the common stock subscription.
Sept. 3 Purchased 2,160 shares of its own $10 par common stock for $11 a share.
18 Received the balance in full for the common stock subscription and issued the stock.
30 Sold 800 shares of its treasury stock for $11.60 a share.
Oct. 15 Issued 3,000 shares of $40 par, 5% preferred stock in exchange for land with a fair market value of $124,600.
31 Sold 440 shares of its treasury stock for $10.60 a share.

Required:

Prepare journal entries for these transactions.

Page:
DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT
1 20-- June 30 fill in the blank 2 fill in the blank 3 1
2 fill in the blank 5 fill in the blank 6 2
3 3
4 July 15 fill in the blank 8 fill in the blank 9 4
5 fill in the blank 11 fill in the blank 12 5
6 fill in the blank 14 fill in the blank 15 6
7 7
8 Aug. 1 fill in the blank 17 fill in the blank 18 8
9 fill in the blank 20 fill in the blank 21 9
10 fill in the blank 23 fill in the blank 24 10
11 11
12 15 fill in the blank 26 fill in the blank 27 12
13 fill in the blank 29 fill in the blank 30 13
14 fill in the blank 32 fill in the blank 33 14
15 15
16 31 fill in the blank 35 fill in the blank 36 16
17 fill in the blank 38 fill in the blank 39 17
18 18
19 Sept. 3 fill in the blank 41 fill in the blank 42 19
20 fill in the blank 44 fill in the blank 45 20
21 21
22 Sept. 18 fill in the blank 47 fill in the blank 48 22
23 fill in the blank 50 fill in the blank 51 23
24 24
25 fill in the blank 53 fill in the blank 54 25
26 fill in the blank 56 fill in the blank 57 26
27 27
28 30 fill in the blank 59 fill in the blank 60 28
29 fill in the blank 62 fill in the blank 63 29
30 fill in the blank 65 fill in the blank 66 30
31 31
32 Oct. 15 fill in the blank 68 fill in the blank 69 32
33 fill in the blank 71 fill in the blank 72 33
34 fill in the blank 74 fill in the blank 75 34
35 35
36 31 fill in the blank 77 fill in the blank 78 36
37 fill in the blank 80 fill in the blank 81 37
38 fill in the blank 83 fill in the blank 84 38

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