Cullumber Corporation had the following transactions during the current period. Mar. 2 Issued 4,200 common...
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Cullumber Corporation had the following transactions during the current period. Mar. 2 Issued 4,200 common shares to its legal counsel in payment of a bill for $25,200 for services performed in helping the company incorporate. June 12 Issued 50,400 common shares for $315,000 cash. July 11 Issued 840, $3 noncumulative preferred shares at $110 per share cash. Nov. 28 Issued 1,680, $3 noncumulative preferred shares at $95 per share cash.
Journalize the transactions
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