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please help me complete the journal entries(4) notice that the highlighted red boxes are what i got wrong. Question 4 of 10 View Policies Show
please help me complete the journal entries(4)
notice that the highlighted red boxes are what i got wrong.
Question 4 of 10 View Policies Show Attempt History Current Attempt in Progress > Your answer is partially correct. Ivanhoe Restaurant Supply Company had the following transactions 1 Issued 4.300 shares of $100 par preferred stock at $107 per share for cash 2 Issued 7.300 shares of common stock with a par value of $10 per share for $109.500 3 Purchased 430 shares of treasury common stock for a total of $10,320 0.44/11 Prepare the journal entries to record the above stock transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries) No. Account Titles and Explanation 1. Cash Debit Credit 402000 Preferred Stock Paid-in Capital in Excess of Par Preferred Stock 2000 2. Common Stock Paid-is Capital in Excess of Par-Common Stock 400000 73000 36500
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