- Your answer is partially correct. Crane Co. had these transactions during the current period. June 12 July 11 Issued 89,500 shares of $1 par value common stock for cash of $335,625. Issued 3,500 shares of $100 par value preferred stock for cash at $107 per share. Nov. 28 Purchased 1,900 shares of treasury stock for $8,350. Prepare a tabular summary to record the Crane Co. transactions. Include margin explanations for the changes in revenues and expenses. Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. . Increases in expenses require a negative sign or parentheses. Increases in Discount on Bonds Payable require a negative sign or parentheses. -Increases in Treasury Stock require a negative sign or parentheses. Assets Liabilities June 12 $ Cash July 11 Nov. 28 335,625 374,500 Common Stock 89,500 350,000 Paid in Capital in Excess of $ Par Value Common 246,125 24,500 Paid-in-Capital Pref. Stock Paid in Capital in Excess of Par Value Preffered A Stockholders' Equity Treasury Stock SA Revenue SA Expense Retained Earnings Dividend