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Sunside Co. had the following transactions during the current period. Feb. 3 Issued 6,000 shares of $5 par value common stock to attorneys in payment
Sunside Co. had the following transactions during the current period.
Feb. 3 Issued 6,000 shares of $5 par value common stock to attorneys in payment of a bill for $35,000 for services provided in helping the company to incorporate.
3
Corporations: Organization and Capital Stock Transactions Principles of Financial Accounting - II
March 10 Issued 60,000 shares of $5 par value common stock for cash of $350,000.
April. 8 Purchased 5,000 shares of treasury stock for $90,000.
April 15 Issued 4,500 shares of $100 par value preferred stock for cash at $125 per share.
Instructions:
Journalize the transactions.
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