2:26 PM 61% ournal Entries For the year 2019 Date Jan. 1 0 Cash (75,000-S4) Particular Debit Credit Common Stock (75,000 $2) Paid -in Excess capital of stated value- 150,000 150,000 Common Stock (75,000x$2) March ash (4,000 S105) 20,000 Preferred Stock (4,000x$100) Paid-in Excess capital of par-Preferred ,000 k (4,000xS5) pr.I Common Stock (22,000x $2) Paid-in Excess capital of stated value-Common k ($80,000-$44,000) ,000 May 1 Cash (75,000x$4.25) 318,750 Common Stock (75,000x$2) Paid-in Excess capital of Stated value- 150,000 168,750 ommon (75,000 $2.25) Aug.1 Organisation Expenses 35,000 Common Stock (10,000x $2) Paid-in Excess capital of stated value- 15,000 Common ($35,000-$20,000) Sept.1 Cash(10,000 $5) Common Stock (10,000x $2) Paid-in Excess capital of Stated value- Common (10,000 $3) v.1 Cash (1,000x$108) 108,000 Preferred Stock (1,000x$100) Paid-in Excess capital of par-Preffered Stock 100,000 8,000 (1,000x$8) Cullumber Company Balance Sheet (Partial) 2:26 PM 61% ournal Entries For the year 2019 Date Jan. 1 0 Cash (75,000-S4) Particular Debit Credit Common Stock (75,000 $2) Paid -in Excess capital of stated value- 150,000 150,000 Common Stock (75,000x$2) March ash (4,000 S105) 20,000 Preferred Stock (4,000x$100) Paid-in Excess capital of par-Preferred ,000 k (4,000xS5) pr.I Common Stock (22,000x $2) Paid-in Excess capital of stated value-Common k ($80,000-$44,000) ,000 May 1 Cash (75,000x$4.25) 318,750 Common Stock (75,000x$2) Paid-in Excess capital of Stated value- 150,000 168,750 ommon (75,000 $2.25) Aug.1 Organisation Expenses 35,000 Common Stock (10,000x $2) Paid-in Excess capital of stated value- 15,000 Common ($35,000-$20,000) Sept.1 Cash(10,000 $5) Common Stock (10,000x $2) Paid-in Excess capital of Stated value- Common (10,000 $3) v.1 Cash (1,000x$108) 108,000 Preferred Stock (1,000x$100) Paid-in Excess capital of par-Preffered Stock 100,000 8,000 (1,000x$8) Cullumber Company Balance Sheet (Partial)