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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.

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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 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 change expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parenti amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash June 22 $ July 11 Nov. 28 Liabilities Common Stock

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