Overton Co. had the following transactions during the current period.
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overton co had the following transactions during the current period 618696
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Issued 5,000 shares of $1 par value ordinary shares to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate. |
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June12 |
Issued 60,000 shares of $1 par value ordinary shares for cash of $375,000. |
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July 11 |
Issued 1,000 shares of $100 par value preference shares for cash at $110 per share. |
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Nov.28 |
Purchased 2,000 treasury shares for $80,000. |
Instructions
Journalize the above transactions.
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