Leone Co. had the following transactions during the current period.
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Mar. 2 |
Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate. |
|
June 12 |
Issued 60,000 shares of $5 par value common stock for cash of $375,000. |
|
July 11 |
Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share. |
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Nov. 28 |
Purchased 2,000 shares of treasury stock for $80,000. |
Instructions
Journalize the transactions.