Please do not give image format Crane Corporation had the following transactions during the current period.Mar. 2June 12July 11Nov. 28Issued 4,100 common shares to its legal counsel in payment of a bill for $24,600 for services performed inhelping the company incorporate.Issued 49,200 common shares for $307,500 cash.Issued 820, $3 noncumulative preferred shares at $110 per share cash.Issued 1,640, $3 noncumulative preferred shares at $95 per share cash.Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the orderpresented in the problem. List all debit entries before credit entries.)DateAccount TitlesDebitCredit

Name: Please do not give image format Crane Corporation had the following tr
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Description: Please do not give image format Crane Corporation had the following transactions during the current period.Mar. 2June 12July 11Nov. 28Issued 4,100 common shares to its legal counsel in payment of a bill for $24,600 for services performed inhelping th

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Crane Corporation had the following transactions during the current period. Issued 4,100 common shares to its legal counsel in payment of a bill for $24,600 for services performed in helping the company incorporate. June 12 Issued 49,200 common shares for $307,500 cash. July 11 Issued 820, $3 noncumulative preferred shares at $110 per share cash. Nov. 28 Issued 1,640, $3 noncumulative preferred shares at $95 per share cash. Mar. 2 Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.

Crane Corporation had the following transactions during the current period. Issued 4,100 common shares to its legal counsel in payment of a bill for $24,600 for services performed in helping the company incorporate. June 12 Issued 49,200 common shares for $307,500 cash. July 11 Issued 820, $3 noncumulative preferred shares at $110 per share cash. Nov. 28 Issued 1,640, $3 noncumulative preferred shares at $95 per share cash. Mar. 2 Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings

Section: Chapter Questions

Problem 11SPA

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