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Sheridan Company had these transactions during the current period. June 12 Issued 87,500 shares of $1 par value common stock for cash of $328,125. July 11 Issued 3,200 shares of $100 par value preferred stock for cash at $109 per share. Nov. 28 Purchased 2,050 shares of treasury stock for $10,250. Prepare the journal entries for the Sheridan Company transactions. (Record journal entries in the order presented in the pro account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit ent is required, select "No Entry" for the account titles and enter O for the amounts.)

June 12 Issued 87,500 shares of $1 par value common stock for cash of $328,125. July 11 Issued 3,200 shares of $100 par value preferred stock for cash at $109 per share. Nov, 28 Purchased 2,050 shares of treasury stock for $10,250. Prepare the journal entries for the Sheridan Company transactions. (Record joumal entries in the order presented in the pro account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit ent Is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit

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