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Question - Monty Co. had the following transactions during the current period.
Mar. 2 Issued 4,200 shares of $5 par value common stock to attorneys in payment of a bill for $26,200 for services performed in helping the company to incorporate.
June 12 Issued 58,700 shares of $5 par value common stock for cash of $361,900.
July 11 Issued 1,700 shares of $100 par value preferred stock for cash at $130 per share.
Nov. 28 Purchased 3,470 shares of treasury stock for $76,000.
Required - Journalize the transactions.
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