Question: Please answer in the same format the tabular summary is presented Question 12 Sagan Co. had these transactions during the current period. June 12 Issued
Question 12 Sagan Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000. uly 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 a tabular BACK summary to record the Sagan Co. transactions. (If a transaction the amount entered for the particular Asset, Liabillity or Equity item that was reduced.) causes a decrease in Assets, Liabities or Stockholders" Equity, place a negative sign (or parentheses) a Assets Liabilities Stockholders' Equity Paid-in-Capital Retained Earnings Common Cash PIC in Excess of +Pref. StockPar Pref Treasury Stock Pin Excess of + RevenueExpense-Dividend Stock Revenue June 22 uly 11 Now. 28 Question Attempts: 0 of 3 used SAVE FOR LATER SUBMET
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
