Question

Overton Co. had the following transactions during the current period. Mar. 2 Issued 5,000 shares of $1 par value ordinary shares 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 $1 par value ordinary shares for cash of $375,000. July 11 Issued 1,000 shares of $100 par value preference shares for cash at $110 per share. Nov. 28 Purchased 2,000 treasury shares for $80,000.
Required:
Journalize the above transactions.


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  • CreatedJanuary 30, 2014
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