Swifty Corporation had the following transactions during the current period. Mar 2 June 12 July Issued...
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Swifty Corporation had the following transactions during the current period. Mar 2 June 12 July Issued 4,500 shares of $5 par value common stock to attorneys in payment of a bill for $28,100 for services performed in helping the company to incorporate. Issued 55,200 shares of $5 par value common stock for cash of $346,500. 11 Issued 2.975 shares of $100 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 2,730 shares of treasury stock for $80,500. 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 Swifty Corporation had the following transactions during the current period. Mar 2 June 12 July Issued 4,500 shares of $5 par value common stock to attorneys in payment of a bill for $28,100 for services performed in helping the company to incorporate. Issued 55,200 shares of $5 par value common stock for cash of $346,500. 11 Issued 2.975 shares of $100 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 2,730 shares of treasury stock for $80,500. 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
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