Current Attempt in Progress Your answer is partially correct. Cullumber Company had these transactions during the current period. June 12 July 11 Nov. 28 Issued 82,000 shares of $1 par value common stock for cash of $307,500. Issued 2,500 shares of $100 par value preferred stock for cash at $107 per share. Purchased shares of treasury stock for $9,200. H 5 O CO Cu S 20 O P

Prepare a tabular summary to record the Cullumber Company transactions. Include margin explanations for the changes in revenues and expenses, (If a transoction couses a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) - Stockholders' Equity Your answer is partially correct. Cullumber Company had these transactions during the current period. June 12 Issued 82,000 shares of $1 par value common stock for cash of $307,500. July 11 Issued 2,500 shares of $100 par value preferred stock for cash at $107 per share. Nov. 28 Purchased 1,850 shares of treasury stock for $9,200