Marigold Co. had the following transactions during the current period Mar. 2 Issued 4,000 shares of $5 par value common stock to attorneys in payment of a bill for $24.700 for services performed in helping the company to incorporate Issued 62,800 shares of $5 par value common stock for cash of $387 400 Issued 1,975 shares of $100 par value preferred stock for cash at $140 per share. June 12 July 11 Nov 25 Purchased 1.560 shares of treasury stock for $76.500 Journalize the transactions, (List all debit entries before credit entries. 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 Hon
Marigold Co. had the following transactions during the current period Mar. 2 Issued 4,000 shares of $5 par value common stock to attorneys in payment of a bill for $24.700 for services performed in helping the company to incorporate Issued 62,800 shares of $5 par value common stock for cash of $387 400 Issued 1,975 shares of $100 par value preferred stock for cash at $140 per share. June 12 July 11 Nov 25 Purchased 1.560 shares of treasury stock for $76.500 Journalize the transactions, (List all debit entries before credit entries. 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 Hon
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Marigold Co. had the following transactions during the current period
Mar 2
June 12
July 11
Nov 28 Purchased 1.560 shares of treasury stock for $76.500.
Journalize the transactions, (List all debit entries before credit entries, 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
Mar 2
Issued 4,000 shares of $5 par value common stock to attorneys in payment of a bill for $24,700 for
services performed in helping the company to incorporate
Issued 62,800 shares of $5 par value common stock for cash of $387400
issued 1,975 shares of $100 par value preferred stock for cash at $140 per share.
June 12
Ally 11 4
Niv 2
Account Titles and Explanation
Organization bo
Common Stack
Paid in Capital in Excess of Par-Preferred Stoc
Cash
Common Stock
Paid in Capital in Excess of Par-Preferred Stoc
Cash
Pald-in Capital in Excess of Par-Preferred Stoc
Treasury Mick
Debit
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