Dukas Corporation had these transactions throughout the current period.
Journalize issuance of common stock and preferred stock and purchase of treasury stock.
June 12: Issued 80,000 shares of $1 par value common stock for cash of $300,000.
July 11: Issued 3,000 shares of $100 par value preferred stock for cash at $106 per share.
Nov. 28: Purchased 2,000 shares of treasury stock for $9,000.
Instructions:
Make the journal entries for the Dukas Corporation transactions.