Solution-Journalize the transactions

Journalize the transactions

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Reference no: EM13508205

Fallow Co. had the following transactions during the current period.

Mar. 2 Issued 5,000 shares of $1 par value common stock to attorneys in payment of a bill for $38,000 for services provided in helping the company to incorporate.

12-Jun Issued 60,000 shares of $1 par value common stock for cash of $475,000.

11-Jul Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share.

Nov. 28 Purchased 2,000 shares of treasury stock for $18,000.

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Reference no: EM13508205

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Journalize the transactions

Reference no: EM13508205

Reference no: EM13508205

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