Question: Exercise 11-2 Sagan Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of

Exercise 11-2 Sagan Co. had these transactions during the current period.

June 12 Issued 80,000 shares of $1 par value common stock for

Exercise 11-2 Sagan Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,00o. July 11 Issued 3,000 shares of $100 par value preferred stock for cash at $106 per share. Nov. 28 Purchased 2,000 shares of treasury stock for $9,000. Prepare the jounal entries for the Sagan Co. transactions shown above. (Record journal entries in the order presented in the problem. 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Version 4.24.6.2 ? 2000-201830h yieasons. Inc. All Rights Reserved. A Division of Johnwleyasons.inc. 702 PM

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