=+EX 13-6 Selected stock transactions obj. 3 602 Chapter 13 Corporations: Organization, Stock Transactions, and Dividends Chapter 13 Corporations: Organization, Stock Transactions, and Dividends 603 Cashman Nursery, with an authorization of 25,000 shares of preferred stock and 300,000 shares of common stock, completed several transactions involving its stock on July 30, the first day of operations. The trial balance at the close of the day follows:

Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 475,000 Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125,000 Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,000 Preferred 2% Stock, $100 par . . . . . . . . . . . . . . . . . . . . . . . . 250,000 Paid-In Capital in Excess of Par—Preferred Stock . . . . . . . . . 75,000 Common Stock, $40 par . . . . . . . . . . . . . . . . . . . . . . . . . . . 300,000 Paid-In Capital in Excess of Par—Common Stock . . . . . . . . . 175,000 _______ _______ 800,000 800,000 _______ _______ _______ _______