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Prepare the journal entries for the fagan co transactions

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Question - Fagan Co. had these transactions during the current period.

June 12 Issued 84,800 shares of $1 par value common stock for cash of $318,000.

July 11 Issued 3,050 shares of $103 par value preferred stock for cash at $109 per share.

Nov. 28 Purchased 3,490 shares of treasury stock for $9,580.

Prepare the journal entries for the Fagan Co. transactions shown above.

Reference no: EM131651467

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