Sagan Co. had these transactions during the current period. Instructions Prepare a tabular summary to record the

Question:

Sagan Co. had these transactions during the current period.

Issued 80,00o shares of $1 par value common stock for cash of $300,000. June 12 July Issued 3,000 shares of $100 par value preferred stock for cash at $106 per share. 11 Purchased 2,00o shares of treasury stock for $9,000. Nov. 28


Instructions

Prepare a tabular summary to record the Sagan Co. transactions.

Record preferred stock transactions and indicate statement presentation.

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Survey Of Accounting

ISBN: 9781119594536

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt

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