Dukas Co. had these transactions during the current period. June 12 Issued 88,000 shares of $1 par value common stock for cash of $330,000. July 11 Issued 2,890 shares of $103 par value preferred stock for cash at $105 per share. Nov. 28 Purchased 2,340 shares of treasury stock for $7,940. Prepare the journal entries for the Dukas 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.)

Exercise 11-2

 

	Your answer is correct.

Dukas Co. had these transactions during the current period.

June 12		Issued 88,000 shares of $1 par value common stock for cash of $330,000.
July 11		Issued 2,890 shares of $103 par value preferred stock for cash at $105 per share.
Nov. 28		Purchased 2,340 shares of treasury stock for $7,940.

Prepare the journal entries for the Dukas 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.)

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