Acc291 Financial Accounting: E12-2 Garza Co. had the following transactions

Acc291 Financial Accounting

E12-2

Garza Co. had the following transactions during the current period.

Mar. 2 Issued 5,000 shares of $1 par value common stock to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate.

12-Jun Issued 60,000 shares of $1 par value common stock for cash of $375,000.

11-Jul 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.

Journalize the transactions. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)
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