ButovaS_P13-1A

ButovaS_P13-1A - Name Section Date (a) SvetlanaButova...

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714 Name Svetlana Butova Problem 13-1A Section Date 1/21/2009 Franco Corporation (a) General Journal J5 Date Account Titles Debit Credit 1 Jan. 10 Cash (90,000 x $11) 990,000 1 2 Common Stock (90,000 x $3) 270,000 2 3 Paid-in Capital in Exess of Par Value 720,000 3 4 Common Stock(90,000 x $8) 4 5 5 6 Mar. 1 Cash (6,000 x $70) 420,000 6 7 Preferred Stock(6,000 x $50) 300,000 7 8 Paid-in Capital in Exess of Par Value 120,000 8 9 Preferred Stock(6,000 x $20) 9 10 10 11 Apr. 1 Organization Expense $20,000  11 12 Common Stock (4,000 x $3) 12,000 12 13 Paid-in Capital in Exess of Par Value 8,000 13 14 Common Stock($20,000-12,000) 14 15 15 16 May 1 Land 27,000 16 17 Common Stock (3,000 x $3) 9,000 17 18 Paid-in Capital in Exess of Par Value 18,000 18 19 Common Stock 19 20 20 21 Aug. 1 Treasury Stock(6,000 x $12) 72,000 21 22 Cash 72,000 22 23 23 24 24 25 25 26 Sept. 1 Cash (5,000 x $15) 75,000 26 27 Treasury Stock(5,000 x $12)
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ButovaS_P13-1A - Name Section Date (a) SvetlanaButova...

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