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

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.

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