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  3. sheffield corp. had the following transactions dur

Sheffield Corp. had the following transactions during the current period. Mar. 2 Issued 4,500 shares...

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Sheffield Corp. had the following transactions during the current period. Mar. 2 Issued 4,500 shares of $ 4 par value common stock to attorneys in payment of a bill for $ 22,000 for services performed in helping the company to incorporate. June 12 Issued 56,000 shares of $ 4 par value common stock for cash of $ 303,400 July 11 Issued 2,850 shares of $ 100 parvalue preferred stock for cash at $130 per share. Nov. 28 Purchased 2.580 shares of treasury stockfor $ 78,000. Journalize the transactions. (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, se enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit

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