Flint Co. had the following transactions during the current period. Mar. 2 Issued 4,100 shares of $6 par value common stock to attorneys in payment of a bill for $29,300 for services performed in helping the company to incorporate. June 12 Issued 63,700 shares of $6 par value common stock for cash of $456,800. July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $140 per share. Nov. 28 Purchased 2,840 shares of treasury stock for $79,500.

Flint Co. had the following transactions during the current period. Mar. 2 Issued 4,100 shares of $6 par value common stock to attorneys in payment of a bill for $29,300 for services performed in helping the company to incorporate. June 12 Issued 63,700 shares of $6 par value common stock for cash of $456,800. July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $140 per share. Nov. 28 Purchased 2,840 shares of treasury stock for $79,500.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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