1,Sheridan Company had these transactions during the current period.
| June 12 | Issued 87,500 shares of $1 par value common stock for cash of $328,125. | |
| July 11 | Issued 3,200 shares of $105 par value preferred stock for cash at $109 per share. | |
| Nov. 28 | Purchased 2,050 shares of treasury stock for $8,900. |
Prepare the journal entries for the Sheridan Company transactions shown above. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts.)
Prepare the journal entries for the Sheridan Company transactions shown above.
