Question
On April 1, 10,000 shares of $5 par common stock were issued at $26, and on April 7, 5,000 shares of $50 par preferred stock
On April 1, 10,000 shares of $5 par common stock were issued at $26, and on April 7, 5,000 shares of $50 par preferred stock were issued at $104. Journalize the entries for April 1st and 7th of the current fiscal year.
(for each Journal Entry, omit the 4th journalizing step of providing a brief explanation)
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Date Post. DR CR | ||||
| 4/1 |
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| 4/7 |
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
