E11-2 Dukas Co. had these transactions during the current period.

Dukas Co. had these transactions during 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:

Prepare the journal entries for the Dukas Co. transactions