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Prepare the journal entries for the cullumber company

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Reference no: EM132201903

Question - Cullumber Company had these transactions during the current period.

June 12 Issued 82,000 shares of $1 par value common stock for cash of $307,500. July 11 Issued 2,500 shares of $105 par value preferred stock for cash at $112 per share. Nov. 28 Purchased 1,850 shares of treasury stock for $9,200.

Prepare the journal entries for the Cullumber Company transactions shown above.

Reference no: EM132201903

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