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Flounder Co. had the following transactions during the current period. Mar. 2 Issued 4,900 shares...

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Accounting

Flounder Co. had the following transactions during the current period. Mar. 2 Issued 4,900 shares of $5 par value common stock to attorneys in payment of a bill for $30,400 for services performed in helping the company to incorporate. June 12 Issued 61,000 shares of $5 par value common stock for cash of $373,700. July 11 Issued 2,475 shares of $100 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 2,490 shares of treasury stock for

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