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Wildhorse Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000. July
Wildhorse Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000. July 11 Issued 2,750 shares of $100 par value preferred stock for cash at $105 per share. Nov. 28 Purchased 1,250 shares of treasury stock for $9,900. Prepare a tabular summary to record the Wildhorse Co. transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Wildhorse Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000. July 11 Issued 2,750 shares of $100 par value preferred stock for cash at $105 per share. Nov. 28 Purchased 1,250 shares of treasury stock for $9,900. Prepare a tabular summary to record the Wildhorse Co. transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Wildhorse Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000. July 11 Issued 2,750 shares of $100 par value preferred stock for cash at $105 per share. Nov. 28 Purchased 1,250 shares of treasury stock for $9,900. Prepare a tabular summary to record the Wildhorse Co. transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
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