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Cullumber Compary had the following transactions during the current period. Mar. 2 Issued 4,000 shares...

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Accounting

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Cullumber Compary had the following transactions during the current period. Mar. 2 Issued 4,000 shares of $5 par value common stock to attorneys in payment of a bill for $24,000 for services performed in helping the company to incorporate. June 12 Issued 55,000 shares of $5 par value common stock for cash of $340,000. July 11 issued 1,000 shares of $100 par value preferred stock for cash at $130 per share. Nov: 28 Purchased 1,500 shares of treasury stock for $75,000. Journalize the transactions. (Record joumal entries in the order presented in the problem. Credit account tilles are automatically indented When amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the occount tilles and enter O for the amounts)

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