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Unformatted text preview: 1.60% b. Return on initial investment, common: 10.00% Problem 13-2A Name: Jennifer Johnson Section: ac116 Enter the appropriate amount or account in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. JOURNAL Date Description Debit Credit Jan. 10 Cash 2,000,000 Mortgage Note Payable 2,000,000 21 Cash 1,267,500 Preferred Stock 1,200,000 Paid-in Capital in Excess of Par - Preferred Stock 67,500 Dec. 30 Building 1,850,000 Land 162,500 Common Stock 1,750,000 Paid-in Capital in Excess of Par - Common Stock 262,500...
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- Spring '08