Question - Quay Co. had the following transactions during the current period.
Mar. 2 Issued 5,000 par value common stock to attorneys in payment of a bill for 30,000 for services performed in helping the company to incorporate
June 12 Issued 60,000 share of $5 par value common stock for cash of $375, 000
July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share
Nov 28 Purchased 2,000 shares of treasury stock for $80,000
Required - Journalize the transactions.