Exercise 13-5 Quay Co. had the following transactions during the current period. Mar. 2 Issued 4,000 shares of $4 par value common stock to attorneys in payment of a bill for $21,200 for services performed in helping the company to incorporate. June 12 Issued 56,400 shares of $4 par value common stock for cash of $305,500. July 11 Issued 1,950 shares of $100 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 2,560 shares of treasury stock for $78,500. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation Debit Credit
Exercise 13-5 Quay Co. had the following transactions during the current period. Mar. 2 Issued 4,000 shares of $4 par value common stock to attorneys in payment of a bill for $21,200 for services performed in helping the company to incorporate. June 12 Issued 56,400 shares of $4 par value common stock for cash of $305,500. July 11 Issued 1,950 shares of $100 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 2,560 shares of treasury stock for $78,500. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation Debit Credit
Related questions
Quay Co. had the following transactions during the currentperiod.
| Mar. | 2 | Issued 5,000 shares of $7 par value common stock to attorneysin payment of a bill for $39,600 for services performed in helpingthe company to incorporate. | |
| June | 12 | Issued 63,400 shares of $7 par value common stock for cash of$519,100. | |
| July | 11 | Issued 2,175 shares of $110 par value preferred stock for cashat $130 per share. | |
| Nov. | 28 | Purchased 2,350 shares of treasury stock for $83,500. |
Journalize the transactions.
Quay Co. had the following transactions during the currentperiod.
| Mar. | 2 | Issued 4,900 shares of $5 par value common stock to attorneysin payment of a bill for $30,400 for services performed in helpingthe company to incorporate. | |
| June | 12 | Issued 59,500 shares of $5 par value common stock for cash of$362,500. | |
| July | 11 | Issued 2,500 shares of $120 par value preferred stock for cashat $140 per share. | |
| Nov. | 28 | Purchased 2,290 shares of treasury stock for $76,000. A) Journalize the transactions. |
