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Prepare the journal entries for the fagan co. transactions

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Fagan Co. had these transactions during the current period.

June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000.

July 11 Issued 3,000 shares of $100 par value preferred stock for cash at $106 per share.

Nov. 28 Purchased 2,000 shares of treasury stock for $9,000.

Prepare the journal entries for the Fagan Co. transactions shown above. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Reference no: EM131783762

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