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Exercise 13-5 Quay Co. had the following transactions during the current period. Mar. 2 Issued...

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Accounting

Exercise 13-5 Quay Co. had the following transactions during the current period. Mar. 2 Issued 4,000 shares of $4 par value common stock to attorneys in payment of a bill for $21,200 for services performed in helping the company to incorporate. June 12 Issued 56,400 shares of $4 par value common stock for cash of $305,500. July 11 Issued 1,950 shares of $100 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 2,560 shares of treasury stock for $78,500. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit

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