Sandhill Co. had these transactions during the current period. June 12 Issued 81,000 shares of $1 par value common stock for cash of $303,750. Issued 3,550 shares of $100 par value preferred stock for cash at $109 per share, Purchased 2,600 shares of treasury stock for $11,700. July 11 Nov. 28 Prepare the journal entries for the Sandhill Co. transactions. (Record journal entries in the order presented in the problem. Crem account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before cre entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit
Sandhill Co. had these transactions during the current period. June 12 Issued 81,000 shares of $1 par value common stock for cash of $303,750. Issued 3,550 shares of $100 par value preferred stock for cash at $109 per share, Purchased 2,600 shares of treasury stock for $11,700. July 11 Nov. 28 Prepare the journal entries for the Sandhill Co. transactions. (Record journal entries in the order presented in the problem. Crem account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before cre entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter18: Acquiring Capital For Growth And Development
Section: Chapter Questions
Problem 3AP
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