Make the journal entries for the dukas corporation, Ask an Expert

Accounting

Dukas Corporation had these transactions throughout the current period.

Journalize issuance of common stock and preferred stock and purchase of treasury stock.

June 12: Issued 80,000 shares of $1 par value common stock for cash of $300,000.

July 11: Issued 3,000 shares of $100 par value preferred stock for cash at $106 per share.

Nov. 28: Purchased 2,000 shares of treasury stock for $9,000.

Instructions:

Make the journal entries for the Dukas Corporation transactions.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M919400

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