Solution-Leone corporation had the following transactions

Leone corporation had the following transactions during

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Reference no: EM131132093

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

Mar. 2 Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate.
June 12 Issued 60,000 shares of $5 par value common stock for cash of $375,000.
July 11 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 $80,000.

Instructions

Journalize the transactions.

Reference no: EM131132093

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Leone corporation had the following transactions during

Reference no: EM131132093

Reference no: EM131132093

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