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Journal entries for the sosmer company

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Reference no: EM13258507

Sosmer Co. had these transactions during the current period.

June 12 Issued 60,000 shares of $1 par value common stockfor cash of $300,000.
July 11 Issued 1,000 shares of $100 par value preferredstock for cash at $104 per share.
Nov. 28 Purchased 2,000 shares of treasury stock for$11,000.

Prepare the journal entries for the transactions.

Reference no: EM13258507

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