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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.
General formatting requirements: Please construct visually attractive and easily readable worksheets. Round your calculated percentages to the nearest one tenth of one percent (e.g., 100.0%; 65.2%; 4.3%, etc).
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