Question: Exercise 11-2 Dukas Co. had these transactions during the current period. June 12 Issued 86,500 shares of $1 par value common stock for cash of

Exercise 11-2

Dukas Co. had these transactions during the current period.

June 12 Issued 86,500 shares of $1 par value common stock for cash of $324,375.
July 11 Issued 4,490 shares of $100 par value preferred stock for cash at $106 per share.
Nov. 28 Purchased 3,240 shares of treasury stock for $8,010.

Prepare the journal entries for the Dukas Co. transactions shown above.

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