Question: Noble Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000. July

Noble Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000.

July 11 Issued 3,000 shares of $100 par value preferred stock for cash at $104 per share.

Nov. 28 Purchased 2,000 shares of treasury stock for $11,000.

Instructions

Prepare the journal entries for the transactions shown on page 584.


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