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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 $103 par value preferred stock for cash at $108 per share. Nov. 28 Purchased 1,250 shares of treasury stock for $9,900. Prepare the journal entries for the Wildhorse Co. transactions shown above. (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 June 12 - Cash 300,000 Common Stock D 80,000 Paid-in Capital in Excess of Par Value-Common Stock 220,000 July 11 - Cash 297,000 Preferred Stock 283,250 Paid-in Capital in Excess of Par Value-Preferred Stock 22.000 Nov. 28 - Treasury Stock 9,900 Cash 9,900
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