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part a and b
Required: autameficaly indent o cenat entry when a crear amount it entered b. What it the total amount inweated fotal paidin capical by ar arockholders at of November 19 ? Chart of Accounts ASSETS REVENUE 110Cash 410 Sales 120 Accounts Recelvable 610 interest Revenue 131 Notes Receivable. 122 Interest Recelvabie EXPENSES 141 Merchandise inventory 510 Cost of Merchandise Sold 145 Oflice Supplies 515 Credit Card Expense 151. Prepaid insurance 520 Salarles Expense 181 Land 531 Advertising Expense 193 Equipmient 532 Dellvery Expense 194 Accumulated Depreciation-Equipment 533 Selling Expenses Chart of Accounts 193 Equipment 532 Delivery Eixpense 194 Accumulated Depreciation-Equipment 533 Seiling Expenses 534 Rent Expense LIAEILITES 535 Insurance Expense 210 Accounts Payable 536 Omice Supplies Expense 221 Notes Payable 537 Organizational Expenses 226 Interest Payable 562 Depreciation Expense-Equipment 231 Cash Dividends Payable 690 Miscellaneous Expense 236 Stock Dividends Distributable 710 interest Expense 241 Salarles Payable 261. Mortgage Note Payable Chart of Accounts 201 mongage Noue Payaok EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paic-in Capital in Excess of Par-Preferred Stock 331 Paid-In Captal from Sale of Treasury Stock 340 Retained Eamings 351 Cash Dividends 352 Stock Dividends b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19? On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 79,500 shares of $10 par common stock at $11, and on November 19 , issued for cash 19,070 shares of preferred stock. $45 par at $56. Required: a. Joumailze the entries for October 31 and November 19. Refer to the chart of accounts for the exact wording of the account bies. CNOW joumais do not use lines for journal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered. b. What is the fotal amount invested (total paid-in capital) by all stockholders as of Novpmber 19 ? CHART OF ACCOUNTS Pidgeon Stones Inc. General Ledger ASSETS REVENUE 110 Cash 410 Sales 120 Accounts Receivable 610 Interest Revenue 131. Notes Receivable 132 Interest Receivable EXPENSES 141 Merchandise inventory 510 Cost of Merchandise Sold 145 Office Supplies 515 Credit Card Expense Chart of Accounts 132 interest Recelvable EXPENSES 141 Merchandise Inventory 510 Cost of Merchandise Sold 145 Office Supplies 515 Credit Card Expense 151 Prepaid Insurance 520 Salaries Expense 181 Land 531 Advertising Expense 193 Equipment 532 Delivery Expense 194 Accumulated Depreciation-Equipment 533 Selling Expenses 534 Rent Expense LIABILITIES 535 insurance Expense 210 Accounts Payable 536 Office Supplies Expense 221 Notes Payable 537 Organizational Expenses 206 interect Pavahle 56? Denreciatian Frnence.Fouinment Chart of Accounts LIABILITIES 535 Insurance Expense 210 Accounts Payable 536 Office Supplies Expense 221 Notes Payable 537 Organizational Expenses 226 Interest Payable 562 Depreciation Expense-Equipment 231 Cash Dividends Payable 590 Miscellaneous Expense 236 Stock Dividends Distributable 710 Interest Expense 241 Salaries Payable 261 Mortgage Note Payable EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock Chart of Accounts EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends
