Wk5 D2 - l ns Post Ref. Debit Credit 700,000 100,000...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
E13-16 (10 min.) Case A - Issue stock and buy the ass Journal Date Accounts and Explanation Cash Preferred Stock (10,000 x $10/p.v.) Common Stock Issued common stoc Building Equipment Common stock (10,000 x $10/p.v.) Issued common stock in exchange for Case B - Issue Stock to a Journal Date Accounts and Explanation Building Equipment Common stock (10,000 x $10/p.v.) Common Issued common stock in exchange for The balances in the accounts are: Building Equipment Common Stock Paid-in Capital in Excess of Par
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
sets in separate transactions:
Background image of page 2
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: l ns Post Ref. Debit Credit 700,000 100,000 600,000 ck at par 500,000 200,000 700,000 r building and equipment acquire the assets: l ns Post Ref. Debit Credit 500,000 200,000 100,000 600,000 r building and equipment $500,000 200,000 600,000 100,000 E13-21 (10-15 min.) 2007 - Total dividend 2008 - Total dividend Total dividends allocated Preferred Common Total $10,000 $0 $10,000 $50,000 $6,000 $16,000 $28,000 $32,000 $28,000 $60,000...
View Full Document

This note was uploaded on 04/20/2011 for the course ACC 205 taught by Professor Robertcarr during the Spring '10 term at Ashford University.

Page1 / 4

Wk5 D2 - l ns Post Ref. Debit Credit 700,000 100,000...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online