Wildhorse Co.had these transactions during the current period. June 12Issued80,000shares of $1par value common stock for cash
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Wildhorse Co.had these transactions during the current period.
June 12Issued80,000shares of $1par value common stock for cash of $300,000.July 11Issued2,750shares of $103par value preferred stock for cash at $108per share.Nov. 28Purchased1,250shares of treasury stock for $9,900.
Prepare the journal entries for theWildhorse 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.)
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