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Unformatted text preview: 13-47Enter the appropriate account titles in the shaded cells in columns D and E. Enter the approamounts in the shaded cells in columns H and J.Journal Entries:Jan. 1PropertyOrganization ExpenseCommon StockPaid-In Capital in Excess of Par-CommonFeb. 23CashPreferred StockPaid-In Capital in Excess of Par-PreferredMar. 10CashCommon StockPaid-In Capital in Excess of Par-CommonApr. 10Common Stock Subscriptions ReceivableCommon Stock SubscribedPaid-In Capital in Excess of Par-CommonJuly 14CashBuildingCommon StockPaid-In Capital in Excess of Par-CommonPreferred StockPaid-In Capital in Excess of Par-PreferredAug. 3CashCommon Stock Subscriptions ReceivableCommon Stock SubscribedCommon StockDec. 1DividendsDividends PayableDec. 31Dividends PayableCashDec. 31Common Stock SubscribedCommon Stock Subscriptions ReceivablePaid-In Capital from Forfeited Stock SubscriptionsDec. 31Income SummaryRetained EarningsStockholders' EquityContributed capital:Preferred stock, $100 par, convertible, 4,000 shares authorized1,140 shares issued and outstandingPaid-In Capital in Excess of Par-PreferredCommon stock, $1 par, 20,000 shares authorized, 6,800 sharesissued and outstanding...
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This note was uploaded on 05/29/2011 for the course EC 2011 taught by Professor Johnson during the Spring '11 term at FIT.
- Spring '11