Jan.2. Issued 112.000 shares of stock at par to Paut Glenn for cash. 5 issued 2.700 shares of stock at par to Michese korby for promoticoar sences pronded in consection with the organization of the corporation and esued 47.500 thares of stock at pat to Mictele kuty les. cash. (record as two separate transacions) 8 Purchased tand and a buiding from Gretchen Nortasiay in exchange for stock issued at par. The building is mortgaged for $180.000 for 20 years at 626 , and there a dccrued interest of $4.900 on nhe mortgage note as the time of the purchase. It in agreed that the land is to be priced at 555,900 and ne building at $222,400 and that Oeefchen Nothway's equity wil be exchanged for stock at par. The corporation agreed to astumso responsibaty for paying the morigoge note and the accrued interest. Accounts CHART OF ACCOUNTS Alpha Sounds Corp. 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 151 Prepaid insurance 520 Salaries Expense 181 Land 531 Advertising Expense 191 Building 532 Delivery Expense 192 Accumulated Depreciation-Building 533 Selling Expenses 534 Rent Expense LIABILITIES 535 Insurance Expense 210 Accounts Payable 536 Office Supplies Expense 221 Notes Payable 537 Organizational Expenses 226 Interest Payable 561 Depreciation Expense-Building 231 Cash Dividends Payable 590 Miscellaneous Expense 236 Stock Dividends Distributable 710 Interest Expense 241 Salaries Payable 261 Mortaage Note Pavable LIABILITIES 531 Advertising Expense 192 Accumulated Depreciation-Building 532 Delivery Expense 533 Selling Expenses 534 Rent Expense 210 Accounts Payable 535 Insurance Expense 221 Notes Payable 536 Office Supplies Expense 226 Interest Payable 537 Organizational Expenses 231 Cash Dividends Payable 561 Depreciation Expense-Building 236 Stock Dividends Distributable 590 Miscellaneous Expense 241 Salaries Payable 710 interest Expense 261 Mortgage Note Payable 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