Sagan Co. had these transactions during the current period. Instructions Prepare a tabular summary to record the
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Sagan Co. had these transactions during the current period.
Instructions
Prepare a tabular summary to record the Sagan Co. transactions.
Record preferred stock transactions and indicate statement presentation.
Transcribed Image Text:
Issued 80,00o shares of $1 par value common stock for cash of $300,000. June 12 July Issued 3,000 shares of $100 par value preferred stock for cash at $106 per share. 11 Purchased 2,00o shares of treasury stock for $9,000. Nov. 28
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Com stk or Pref stk No of shs Issued x Par value per share Com stk 80000 ...View the full answer
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