Description of this paper

Garza Co. had the following transactions during the current period.

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solution


Question

Garza Co. had the following transactions during the current period.;Mar. 2 Issued 5,000 shares of $1 par value common stock to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate.;June 12 Issued 60,000 shares of $1 par value common stock for cash of $375,000.;July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share;Nov. 28 Purchased 2,000 shares of treasury stock for $80,000.;Journalize the transactions.

 

Paper#26508 | Written in 18-Jul-2015

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