Week 8Homework cBook Calculator 1. PR.13-03.ALGO Stock transactions for corporale expansion Instructions Chart of Accounts Journal 2. PR.13-02.BLANKSHEET.AL Instructions 3. PR. 13-01. ALGO On December 1 of the current year, the following accounts and their balances appear in the ledger of Latte Com a coffee processor Preferred 2% Stock, $50 par (240,000 shares authorized 84,000 shares issued) Paid in Capital in Excess of Par-Preferred Stock Common Stock $35 par (1.000.000 shares authorized 387,000 shares issued) Paid In Capital in Excess of a Common Stock Related Camings $4,200,000 672,000 13,515.000 774000 197,720,000 At the annual stockholders' meeting on March 31, the board of directors presented a plan for modernizing and expanding plant operations at a cost of approximately $11,000,000. The plan provided (a) that a building, valued at $3,480 000, and the land on which it is located valued at $1,422 000, be acquired in accordance with preliminary negatiations by the issuance of 128 500 shares af comincn stock valued at $30 per share, (b) that 39,100 shares of the unissued preferred stock be issued through an underwriter and (c) that the corporation barrow $3,900,000. The plan was approved by the stockholders and accomplished by the following transactions May 11 20 Issued 128,500 shares of common stock in exchange for land and a building, according to the plan Issued 39,100 shares of preferred stock, receiving $51 per share in cash. Borrowed $3,800,000 from Laurol National, giving a 4% mortgage note 31 Joumalze the entes to record the lay transactions. Refer to the Chart of Accounts for exact wording of account titles Chart of Accounts Check My Work Previous Next Progress: 2/3 items : Assignment Score: 0.0% All work saved. Save and Exit Submit Assignment for Grading Week 8Homework Calculator cBook ET DITEXCUTTIS 1. PR.13-03.ALGO CHART OF ACCOUNTS 2. PR.13-02.BLANKSHEET.AL = Latte Corp. 3. PR. 13-01. ALGO General Ledger ASSETS REVENUE 410 Sales 110 Cash 20 Armounts Receivable 610 Interest Revenue 131 Notes Roccivable 132 Interest Receivabi 141 Merchandise inventory EXPENSES 510 Cost of Marchandise Sold 515 Credit Card Expense 145 Office Supplies 520 Salaries Expense 151 Prepaid Insurance 181 Land 191 Building 192 Accumulated Depreciation Buildings 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses LIABILITIES 210 Accounts Payable 221 Noles Payable 228 Interest Payable 221 Cash Dividends Payable 238 Stock Dividends Distributable 241 Salaries Payable 531 Rent Expense 535 Insurance Expense 538 Office Supplies Experise 537 Organizational Experises 561 Depreciation Expense-Building 590 Miscellaneous Expense 710 Interest Expense 261 Mortgage Note Payable Check My Work Previous Next Progress: 2/3 items : Assignment Score: 0.0% All work saved. Save and Exit Submit Assignment for Grading Week 8Homework cBook Calculator 1. PR.13-03.ALGO 191 Building 192 Accumulated Depreciation-Buildings 2. PR.13-02.BLANKSHEET.AL LIABILITIES 3. PR. 13-01. ALGO 210 Accounts Payable 221 Notes Payable 228 Interest Payable 532 Delivery Expense 533 Selling Expenses 534 Rent Expense 535 Insurance Expense 536 Office Supplies Expense 537 Organizational Expenses 561 Depreciation Expense Building 590 Miscellaneous Experise 710 Interest Experise 231 Cash Dividends Payable 233 Stock Dividends Distribulable 241 Salaries Payable 261 Mortgage Not Payable EQUITY 211 Common Stock 312 Paid In Captal in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-in Captal in Excess of Par-Preferred Stock 331 Paid-In Captal from Sale of Treasury Stock 340 Retained Earrings 351 Cash Dividends 352 Stock Dividends 390 Income Summary Check My Work Previous Next Progress: 2/3 Items Assignment Score: 0.0% All work saved. Save and Exit Submit Assignment for Grading Week 8Homework cBook Calculator 252 Sluck Dividends 1. PR.13-03. ALGO 290 Income Summary 2. PR.13-02.BLANKSHEETAL. 3. PR.13-01.ALGO Journal Joumalize the entics to record the Way Transactions. Refer to the Chart of Accounts for exact wording of account titles JOURNAL DAT DESCRIPTION POSTRES CREON ACIUNTIH FOLATMIN LABILITIES COJITY Check My Work Previous Next Progress: 2/3 Items Assignment Score: 0.0% All work saved. Save and Exit Submit Assignment for Grading