Current Attempt in Progress Your answer is partially correct. Flounder Co. had the following transactions during the current period. Mar. 2 Issued 4,900 shares of $5 par value common stock to attorneys in payment of a bill for $30,400 for services performed in helping the company to incorporate. June 12 Issued 61,000 shares of $5 par value common stock for cash of $373,700. July 11 Issued 2,475 shares of \$100 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 2,490 shares of treasury stock for $80,500. Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) July 11 Cash Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital from Treasury Stock Nov. 28 Treasury Stock Cash 321750 eTextbook and Media Date Account Titles and Explanation Mar. 2 Organization Expense Common Stock Paid-in Capital in Excess of Par-Common Stock June 12 Cash Common Stock Paid-in Capital in Excess of Par-Common Stock July 11 Cash Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital from Treasury Stock Nov. 28 Treasury Stock Debit Credit