instructions 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 Cash Land Buildings Preferred 1% Stock, $80 par Paid In Capital in Excess of Pac-Preferred Stock DENT CREDIT 4,768,000.00 819,000.00 2,029,000.00 2,560,000.00 288,000.00 Common Stock, $50 par 4,470,000.00 Paid-In Capital in Excess of Par-Common Stock 298,000.00 Totals 7616,000.00 7,616,000.00 eBook Chart of Accounts CHART OF ACCOUNTS Willow Creek Nursery General Ledger ASSETS 110 Cash 120 Accounts Receivable 131 Notes Receivable. 132 Interest Receivable 141 Inventory 145 Office Supplies 151 Prepaid Insurance 181 Land 191 Buildings 192 Accumulated Depreciation-Buildings REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 515 Credit Card Expense 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses 534 Rent Expense. Chart of Accounts LIABILITIES 210 Accounts Payable 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 241 Salaries Payable 261 Mortgage Note Payable. 534 Rent Expense 535 Insurance Expense 536 Office Supplies Expense 537 Organizational Expenses 561 Depreciation Expense-Buildings 590 Miscellaneous Expense 710 Interest Expense EQUITY 236 Stock Dividends Distributable 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 261 Mortgage Note Payable EQUITY 236 Stock Dividends Distributable 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 General Journal Journalize the two entries to record the transactions summarized in the trial balance. al Instructions General Journal In 2 DATE DESCRIPTION JOURNAL PAGE 1 ACCOUNTING EQUATION POST REF DENIT CREDIT ASSETS LIABILITIES EQUITY