Plantwise inc, with authorization of 71,000 shares of preferred stock and 190,000 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:

Plantwise IncUNADJUSTED TRIAL BALANCE

October 1, 20--

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	3,672,500.00
2	Land	828,000.00
3	Buildings	2,116,000.00
4	Preferred 1% Stock, $80 par		2,560,000.00
5	Paid-In Capital in Excess of Par-Preferred Stock		384,000.00
6	Common Stock, $30 par		3,390,000.00
7	Paid-In Capital in Excess of Par-Common Stock		282,500.00
8	Totals	6,616,500.00	6,616,500.00

JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2
3
4
5
6
7