RC Expenses incurred 5,000/-
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Bostick Co. had the following transactions during the current period.
Mar. 2 Issued 4,000 shares of $1 par value common stock to attorneys in payment of a
bill for $35,000 for services performed in helping the company to incorporate.
June 12 Issued 50,000 shares of $1 par value common stock for cash of $360,000.
July 11 Issued 2,000 shares of $100 par value preferred stock for cash at $120 per share.
Nov. 28 Purchased 2,000 shares of treasury stock for $70,000.
Instructions
Journalize the transactions.
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