Swifty Co. had the following transactions during the current period. Mar. 2 Issued 4,200 shares
of $5 par value common stock to attorneys in payment of a bill for $26,800 for services
performed in helping the company to incorporate. June 12 Issued 59,600 shares of $5 par value
common stock for cash of $375,700. July 11 Issued 2,625 shares of $100 par value preferred
stock for cash at $140 per share. Nov. 28 Purchased 3,170 shares of treasury stock for $77,500.
Journalize the transactions. (List all debit entries before credit entries. Record journal entries in
the order presented in the problem. Credit account titles are outomatically indented when amount
is entered. Do not indent manually.).
Swifty Co. had the following transactions during the current period. .pdf
1. Swifty Co. had the following transactions during the current period. Mar. 2 Issued 4,200 shares
of $5 par value common stock to attorneys in payment of a bill for $26,800 for services
performed in helping the company to incorporate. June 12 Issued 59,600 shares of $5 par value
common stock for cash of $375,700. July 11 Issued 2,625 shares of $100 par value preferred
stock for cash at $140 per share. Nov. 28 Purchased 3,170 shares of treasury stock for $77,500.
Journalize the transactions. (List all debit entries before credit entries. Record journal entries in
the order presented in the problem. Credit account titles are outomatically indented when amount
is entered. Do not indent manually.)
