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Unformatted text preview: An asterisk (*) will appear next to an incorrect amount in the outlined cells. JOURNAL Date Description Debit Credit Jan. 10 Cash Err:5 2,000,000 Err:511 Err:511 Mortgage Note Payable Err:511 Err: 2,000,000 Err:511 Err:511 Err:511 Err:511 21 Cash Err:5 1,267,500 Err:511 Err:511 Preferred Stock Err:511 Err: 1,200,000 Err:511 Paid-in Capital in Excess of Par - Preferred Stock Err:511 Err: 67,500 Err:511 Err:511 Err:511 Err:511 Dec. 30 Building Err:5 1,850,000 Err:511 Err:511 Land Err:5 162,500 Err:511 Err:511 Common Stock Err:511 Err: 1,750,000 Err:511 Paid-in Capital in Excess of Par - Common Stock Err:511 Err: 262,500 Err:511 Err:511...
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