Transcribed Image Text: Question 4 Sorocaba Co. had the following transactions during the current period. Mar. 2 Issued 5,000 $1 par value ordinary shares to

Transcribed Image Text: Question 4
Sorocaba Co. had the following transactions during the current period.
Mar. 2 Issued 5,000 $1 par value ordinary shares to attorneys in payment of a bill for $44,000 for
services performed in ing the company to incorporate. (hint: Start-up expense)
June 12 Issued 60,000 $1 par value ordinary shares for cash of $468,000.
July 11 Issued 1,000 $100 par value preference shares for cash at $110 per share.
Nov. 28Purchased 2,000 treasury shares for $18,000.
Dec. 3 Reissued 1,000 treasury shares for $10 / share.
Dec. 28 Reissued 1,000 treasury shares for $8.5 / share.
Instructions
Journalize the transactions.

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