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Vaughn Manufacturing had the following transactions during the current period. Mar. 2 Issued 3,900 shares of $5 par value common stock to attorneys in payment
Vaughn Manufacturing had the following transactions during the current period.
Mar. | 2 | Issued 3,900 shares of $5 par value common stock to attorneys in payment of a bill for $23,400 for services performed in helping the company to incorporate. | |
June | 12 | Issued 67,500 shares of $5 par value common stock for cash of $421,875. | |
July | 11 | Issued 1,000 shares of $100 par value preferred stock for cash at $109 per share. | |
Nov. | 28 | Purchased 2,100 shares of treasury stock for $84,000. |
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.)
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