# EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of $50 par value 4% preferred stock. 4 answers ###### Question: EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of$50 par value 4% preferred stock. It is also authorized to issue 1,750,000 shares of $1 par value common stock. In its fifth year, the corporation has the following transactions: Mar. 1 Purchased 2,500 shares of its own common stock at$14 per share. Apr. 10 Reissued 1,250 shares of its common stock held in the treasury for $18 per share. Jun. 12 Reissued 1,250 shares of common stock at$12 per share.
Journalize the transactions.

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