Question - Fagan Co. had these transactions during the current period.
June 12 Issued 84,800 shares of $1 par value common stock for cash of $318,000.
July 11 Issued 3,050 shares of $103 par value preferred stock for cash at $109 per share.
Nov. 28 Purchased 3,490 shares of treasury stock for $9,580.
Prepare the journal entries for the Fagan Co. transactions shown above.