Question
On April 1, 18,000 shares of $5 par common stock were issued at $28, and on April 7, 5,000 shares of $50 par preferred stock
On April 1, 18,000 shares of $5 par common stock were issued at $28, and on April 7, 5,000 shares of $50 par preferred stock were issued at par.
Required:
Journalize the entries for April 1 and 7. Refer to the Chart of Accounts for exact wording of account titles.
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date account titles debit credit may 1 ...
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Financial Accounting An Introduction to Concepts, Methods and Uses
Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis
14th edition
978-1111823450, 1-133-36617-1 , 1111823456, 978-1-133-3661, 978-1133591023
