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Somer Co. had these transactions during the current period: June 12 Issued 60,000 shares of...

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Accounting

Somer Co. had these transactions during the current period:

June 12 Issued 60,000 shares of $1 par value common stock for cash of $300,000

July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $104 per share

Nov 28 Purchased 2,000 shares of treasury stock for $11,000

Prepare the journal entries for the transactions shown above

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