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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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

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Question-based on, "Journalize Transactions".

I have tried it but no luck so far

.Thanks for any help.

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.

Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented
when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit

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