Miles Co Had These Transactions During the Current Period $\quad$ 12 $\quad$

question 262

Essay

Miles Co. had these transactions during the current period. June $\quad$ 12 $\quad$ Issued 50,000 shares of $\$ 3$ stated value common stock for cash of $\$ 250,000$ .
July $\quad$ 11 $\quad$ Issued 2,000 shares of $\$ 100$ par value preferred stock for cash at $\$ 108$ per share.
Nov. $\quad$ 28 $\quad$ Purchased 2,000 shares of treasury stock for $\$ 10,000$ .
Instructions
Prepare the journal entries for the preceding transactions.

---

Definitions:

Auditory and Visual

Pertaining to the senses of hearing and sight, often in the context of learning or perception.

Echo

A phenomenon where sound waves are reflected off surfaces and heard again.

Sensory Registers

The primary systems in the brain that temporarily store information received from the senses for a short duration.

Sensory Registers

Memory systems that temporarily hold incoming sensory information from the environment, allowing it to be processed further.