Pharoah Company had these transactions during the current period. June 12 Issued 82.500 shares of...
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Pharoah Company had these transactions during the current period. June 12 Issued 82.500 shares of $1 par value common stock for cash of $309,375. July 11 Issued 4,250 shares of $104 par value preferred stock for cash at $112 per share. Nov. 28 Purchased 1,950 shares of treasury stock for $9,750. Prepare the journal entries for the Pharoah Company transactions shown above. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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