Question
Sunland Company had the following transactions during the current period. Mar. 2 Issued 4,200 shares of $5 par value common stock to attorneys in payment
Sunland Company had the following transactions during the current period.
Mar. | 2 | Issued 4,200 shares of $5 par value common stock to attorneys in payment of a bill for $26,200 for services performed in helping the company to incorporate. | |
June | 12 | Issued 58,700 shares of $5 par value common stock for cash of $361,900. | |
July | 11 | Issued 1,700 shares of $100 par value preferred stock for cash at $120 per share. | |
Nov. | 28 | Purchased 3,470 shares of treasury stock for $76,000. |
Journalize the 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. 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 |
---|---|---|---|
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 | |
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 | |
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 | |
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 |
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