Acc557 Financial Accounting: E11-7 Quay Co. had the following transactions

Acc557 Financial Accounting

E11-7. 
Quay Co. had the following transactions during the current period.
Mar. 2  Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services performed in helping the company to incorporate.
June 12 Issued 60,000 shares of $5 par value common stock for cash of $375,000.
July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share.
Nov 28 Purchased 2,000 shares of treasury stock for $80,000.

Instructions:
Journalize the transactions.
Powered by