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1 Cullumber Company uses the chart of accounts shown below. Cash 2. Accounts Receivable 3. Sales Revenue 4. Dividends Payable 5. Preferred Stock 6.

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1 Cullumber Company uses the chart of accounts shown below. Cash 2. Accounts Receivable 3. Sales Revenue 4. Dividends Payable 5. Preferred Stock 6. Common Stock 7. Paid-in Capital in Excess of Par Value-Preferred Stock 8. Paid-in Capital in Excess of Par Value-Common Stock 9. Treasury Stock 10 Cash Dividends 11. Stock Dividends 12. No Entry Use the numbers preceding each account title to create journal entries for each situation. Account titles may be used more than once. or not at all, and journal entries may have multiple accounts. Item 0 is provided as an example. (Enter answers in numerical order on multiple entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Entry Information 0. Collected cash from a customer, $512 Account(s) Debited Account(s) Credited 1 2 1 Received authorization from the State for 51.200 shares of $0.40 par value common stock 12 v 12

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