Wilow Creek Nursery, with an authorzation of 75,000 shaves of prefened slock and 200,000 shares of common stock, completed soveral transactions involving its stock on October 1 , the first day of operations. The trial balance at the close of the day follows: Chart of Accounts CHART OF ACCOUNTS Willow Creek Nursery General Ledger ASSETS REVENUE 110 Cash 410 Sales 120 Accounts Receivable 610 Interest Revenue 131 Notes Receivable 132 Interest Receivable EXPENSES 141 Inventory 510 Cost of Goods Sold 145 Office Supplies 515 Credit Card Expense 151 Prepaid Insurance 520 Salaries Expense 181 Land 531 Advertising Expense 191 Buildings 532 Delivery Expense 192 Accumulated Depreciation-Buildings 533 Selling Expenses 534 Rent Expense LIABILITIES 535 Insurance Expense 210 Accounts Payable 536 Office Supplies Expense Chart of Accounts 221 Notes Payable 537 Organizational Expenses 226 Interest Payable 561 Depreciation Expense-Buildings 231 Cash Dividends Payable 590 Miscellaneous Expense 241 Salaries Payable 710 Interest Expense 261 Mortgage Note Payable EQUITY 236 Stock Dividends Distributable 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends Joumalize the fwo entries to record the transactions summarized in the trial balance