Chart of Accounts General Journal Instructions On April 1,9,000 shares of $7 par common stock were issued at $26, and on April 7,5,000 shares of $70 par preferred stock were issued at $108. Required: Journaize the entries for April 1 and 7. Refer to the Chart of Accounts for exact wording of accountities CHART OF ACCOUNTS General Ledger REVENUE 410 Sales 610 Interest Revenue ASSETS 110 Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Supplies 151 Prepaid Insurance 181 Land 191 Buildings EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 520 Salaries Expense 531 Advertising Expense 532 Del Expense 192 Accumulated Depreciation-Building 193 Equipment 194 Accumulated Depreciation Equipment 533 Rent Expense 534 Insurance Expense 535 Supplies Expense 536 Organizational Expenses 561 Depreciation Expense-Building 562 Depreciation Expense-Equipment 590 Miscelaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Notes Payable 226 Interest Payable 231 Cath Dividends Payable 236 Stock Dividends Distributable 241 Salories Payable 261 Mortowe Note Payable General Journal Chart of Accounts General Journal JOURNAL