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I need help on how to correctly solve the debts and credits. Willow Creek Nursery, with an authorization of 75,000 shares of preferred stock and

I need help on how to correctly solve the debts and credits.

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Willow Creek Nursery, with an authorization of 75,000 shares of preferred stock and 200,000 shares of common stock, completed several transactions involving its stock on October 1, the first day of operations. The trial balance at the close of the day follows Willow Creek Nursery UNADJUSTED TRIAL BALANCE October 1, 20 ACCOUNT TITLE DEBIT CREDIT 4719,000.00 835,000.00 2,490,000.00 1 Cash 2 Land 3 Buildings 4290,00000 429,000.00 2,625,000.00 700,000.00 8,044,000.00 8,044,000.00 4 Common Stock S Paid-In Capital in Excess of Par-Common Stock 6 Preferred Stock 7 Paid-In Capital in Excess of Par-Preferred Stock 8 Totas common stock has a S30 par value and the preferred stock is 1%, 75 par value. All shares within each class of stock were sold at the same price. The preferred stock was issued in exchange for the land and buildings. Journalize the two entries to record the transactions summarized in the triai balance. Refer to the Chart of Accounts for exact wording of account titles. Journalize the two entries to record the transactions summarized in the trial balance. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL Score: 73/87 DATE DESCRIPTION POST. REF DEBIT CREDIT Oct. 1" Cash 692,000.00 Common Stock 3,600,000.00 Paid-In Capital in Excess of Par-Common Stock 1,800,000.00 840,000.00 Oct 1 Land Buildings 2,380,000.00 Preferred Stock 2,800,000.00 Paid-In Capita in Excess of Par-Preferred Stock 420,000.00

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