eBook Show Me How Selected stock transactions Instructions Chart of Accounts Journal Instructions The following selected accounts appear in the lodger of Parka Construction Inc, at the beginning of the current year Preferred 1. Stock, $50 par (100,000 shares authorized, 80.000 shares insed $4,195,000 Paid-in Capital in Excess of Par-Preferred Stock 154.580 Common Stock $3 par (5,000,000 shares uthorized, 2.120,000 shares out! 6,350,000 Pad-in Capital in Excess of Par--Common Stock 1.500.000 Retained Earrings 31.692.000 During the year, the corporation completed a number of transactions affecting the code. They are stared as Jan 5 Fat Mar 19 May Issued 467,700 shares of common stock 59. receiving anh 10 Issued 10,700 shares of preferred 1 stock at 562 Purchased 53.000 shares of treasury common for 6 per share 16 Sold 20,000 shares of reasury common for 58 per share 25 Sold 5.200 shares of treasury common for $5 per share 6 Declared sanddeeds of 50 per share on preferred stock and 50.10 per share on common box 31 Paid the cash dividende Aug Doo Joumalto the enten to recond the transaction. Reler 9 me Chart of Accounts for exact wording of accounts Check My Work Al works 80 888 F4 od F2 3 DI 58 F7 REVENUE 410 Sales Chart of Accounts ASSETS 110 Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 610 Interest Revenue 141 Inventory 145 Office Supplies 151 Prepold Insurance 181 Land 195 Equipment 194 Accumulated Depreciation Equipment EXPENSES 510 Cost of Goods Sold 515 Credit Card Expense 520 Salaries Expanse 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses 534 Rent Expense 535 Insurance Expense 536 Office Supplies Expense 537 Organizational Expenses 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 235 Stock Dividends Distributable 241 Salaries Payable 261 Mortowe Note Payable EQUITY 311 Common Stock 312 Paid in Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred stock 322 Puid-In Cot in Excess of Par Preferred Stock 331 Pais-in Capital from Sale of Treasury Stock 340 Retained Earings Check My Work Al Wad 8 80 F3 888 F4 F2 F2