Winger Corporation was organized in March. It is authorized to issue 500,000 shares of $100 par value 8% preferred stock. It is also authorized to issue 750,000 shares of $1 par value common stock. In its first year, the corporation has the following transactions: Mar. 1 Issued 10,000 shares of preferred stock at $115 per share Mar. 2 Issued 120,000 shares of common stock at $12.50 per share Jun. 12 Issued 10,000 shares of common stock at $15 per share Aug. 5 Issued 1,000 shares of preferred stock at $112 per share Sep. 17 Purchased 2,000 shares of its own common stock at $10 per share Prepared a tabular summary to record the necessary transactions. Remember to include a date on each transaction.
Winger Corporation was organized in March. It is authorized to issue 500,000 shares of $100 par value 8%
|
Mar. 1 |
Issued 10,000 shares of preferred stock at $115 per share |
|
Mar. 2 |
Issued 120,000 shares of common stock at $12.50 per share |
|
Jun. 12 |
Issued 10,000 shares of common stock at $15 per share |
|
Aug. 5 |
Issued 1,000 shares of preferred stock at $112 per share |
|
Sep. 17 |
Purchased 2,000 shares of its own common stock at $10 per share |
Prepared a tabular summary to record the necessary transactions. Remember to include a date on each transaction.
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