Vaughn Manufacturing had the following transactions during the current period. Mar. 2 Issued 3,900 shares...
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Vaughn Manufacturing had the following transactions during the current period. Mar. 2 Issued 3,900 shares of $5 par value common stock to attorneys in payment of a bill for $23,400 for services performed in helping the company to incorporate. June 12 Issued 67,500 shares of $5 par value common stock for cash of $421,875. July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $109 per share. Nov. 28 Purchased 2,100 shares of treasury stock for $84,000. 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. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) eTextbook and Media List of Accounts Last saved 21 seconds ago. Attempts: 0 of 3 used Saved work will be auto-submitted on the due date. Auto-submission can take up to 10 minutes
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