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Cullumber Company had these transactions during the current period. June 12 ...

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Accounting

Cullumber Company had these transactions during the current period.

June 12 Issued 79,000 shares of $1 par value common stock for cash of $296,250.
July 11 Issued 2,500 shares of $105 par value preferred stock for cash at $113 per share.
Nov. 28 Purchased 1,600 shares of treasury stock for $8,150.

Prepare the journal entries for the Cullumber Company transactions shown above. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

image June 12July 11Nov. 28

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image June 12July 11Nov. 28

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image June 12July 11Nov. 28

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