Use the following information to answer the next eight questions For each event listed below, identify the accounts that should be used to record the economic event You should enter the letters that correspond to the accounts that should be used Your answers will be evaluated based on whether you have included every account that is required for that transaction and have not included any additional accounts that are not needed You should enter the letters that correspond to the accounts that should be used, with a comma and a space following the comma (e g , A, B) An account can be used in analyzing more than one event A additional paid in capital B bonds payable C cash D common stock E discount on bonds payable F equipment G interest expense H interest payable I preferred stock J premium on bonds payable K treasury stock L land Example Event The company purchased equipment, paying cash of $15,000 Answer F, C Events Investors contributed cash of $10,000,000 and were issued 100,000 shares of no par common stock The company issued $12,000,000 in bonds on July 1, the issue date, and the company received $12,900,000 in cash The company issued 50,000 shares of $20 par value, convertible preferred stock for $4,000,000 The company issued common stock to acquire land The trading value of the common stock was $2,000,000 on the date of the transaction and the land had previously been appraised at $2,400,000 The company purchased 1,000 shares of their common stock for $112 per share Preferred stockholders (see event 3) elected to convert 5,000 shares of convertible preferred stock into common stock On December 31 st , the year end the company recorded an accrual for interest owed and unpaid to bondholders (see event 2) as of the close of the fiscal year On December 31 st , the year end, the company recorded the appropriate amortization for the $12,000,000 in bonds issued for $12,900,000 on July 1 st (see event 2)

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Use the following information to answer the next eight questions. For each event listed below, identify the accounts that should be used to record the

Use the following information to answer the next eight questions.

For each event listed below, identify the accounts that should be used to record the economic event. You should enter the letters that correspond to the accounts that should be used. Your answers will be evaluated based on whether you have included every account that is required for that transaction and have not included any additional accounts that are not needed. You should enter the letters that correspond to the accounts that should be used, with a comma and a space following the comma (e.g., A, B). An account can be used in analyzing more than one event.

A.	additional paid-in capital
B.	bonds payable
C.	cash
D.	common stock
E.	discount on bonds payable
F.	equipment
G.	interest expense
H.	interest payable
I.	preferred stock
J.	premium on bonds payable
K.	treasury stock
L.	land

Example:

Event: The company purchased equipment, paying cash of $15,000 Answer: F, C

Events:

Investors contributed cash of $10,000,000 and were issued 100,000 shares of no-par common stock.
The company issued $12,000,000 in bonds on July 1, the issue date, and the company received $12,900,000 in cash.
The company issued 50,000 shares of $20 par-value, convertible preferred stock for $4,000,000.
The company issued common stock to acquire land. The trading value of the common stock was $2,000,000 on the date of the transaction and the land had previously been appraised at $2,400,000.
The company purchased 1,000 shares of their common stock for $112 per share.
Preferred stockholders (see event 3) elected to convert 5,000 shares of convertible preferred stock into common stock.
On December 31^st, the year end. the company recorded an accrual for interest owed and unpaid to bondholders (see event 2) as of the close of the fiscal year.
On December 31^st, the year end, the company recorded the appropriate amortization for the $12,000,000 in bonds issued for $12,900,000 on July 1^st(see event 2).