Need help with Accounting 201 Homework!! ?
Prepare the journal entries for the Sunland Company transactions shown below:
Sunland Company had these transactions during the current period.
June 12 :Issued 84,000 shares of $1 par value common stock for cash of $315,000.
July 11: Issued 4,000 shares of $105 par value preferred stock for cash at $113 per share.
Nov. 28 :Purchased 3,100 shares of treasury stock for $7,700.
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