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Post to the stockholders equity accounts. (Post entries in the order of journal entries posted in the previous part.) Date Account Titles and Explanation Debit
Post to the stockholders equity accounts. (Post entries in the order of journal entries posted in the previous part.)
Date Account Titles and Explanation Debit Credit Jan 10 Cash 266400 =66600*4 Common stock 66600 =66600*1 Paid in Capital in excess of stated value-Common stock 199800 Mar 1 Cash 67545 =1185*57 Preferred stock 59250 =1185*50 Paid in Capital in excess of par-Preferred stock 8295 May 1 Cash 854000 =122000*7 Common stock 122000 =122000*1 Paid in Capital in excess of stated value-Common stock 732000 Sept 1 Cash 51200 =6400*8 Common stock =6400*1 6400 44800 Paid in Capital in excess of stated value-Common stock Nov 1 Cash 259600 =4400*59 Preferred stock 220000 =4400*50 Paid in Capital in excess of par-Preferred stock 39600 Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock SHOW LIST OF ACCOUNTSStep by Step Solution
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