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Swifty Corporation had these transactions during the current period. June 12 Issued 58,000 shares of $3 stated value common stock for cash of $260,000. July

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Swifty Corporation had these transactions during the current period. June 12 Issued 58,000 shares of $3 stated value common stock for cash of $260,000. July 11 Issued 5,000 shares of $100 par value preferred stock for cash at $107 per share. Nov. 28 Purchased 2,600 shares of treasury stock for $20,000 Prepare the journal entries for the preceding transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Attempts: 0 of 1 used

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