Need help with balance sheet

Your answer is correct. Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Date Explanation Ref Debit Credit Balance Mar. 1 J5 595000 595000 Nov. 1 05 250000 845000 Common Stock Date Explanation Ref Debit Credit Balance Jan. 10 05 226500 226500 05 73500 300000 Apr. 1 May 1'- Aug. 1 Sept. 1 J5 240000 540000 05 30000 570000 05 31500 601500 Paid-in Capital in Excess of Par-Preferred Stock