Wildhorse Co. had these transactions during the current period.

Prepare the journal entries for the Wildhorse Co. 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.)

June 12		Issued 82,500 shares of $1 par value common stock for cash of $309,375.
July 11		Issued 4,050 shares of $102 par value preferred stock for cash at $110 per share.
Nov. 28		Purchased 2,050 shares of treasury stock for $9,350.
Date	Account Titles and Explanation	Debit	Credit

Answer rating: 100% (QA)

Journal Entries in the books of Wildhores co Being comm... View the full answer