Question: (37) can you please help me answer this. Instructions On April 1,9,000 shares of $6 par common stock were issued at $22, and on April


Instructions On April 1,9,000 shares of $6 par common stock were issued at $22, and on April 7, 4,000 shares of $60 par preferred stock were issued at $104. 4 Required: Journalize the entries for April 1 and 7. Refer to the Chart of Accounts for exact wording of account titles 1 Chart of Accounts ASSETS 110 Cash 120 Accounts Receivable 131 Notes Receivable 132 interest Receivable 141 Inventory 145 Supplies 151 Prepaid Insurance 181 Land 191 Buildings 192 Accumulated Depreciation-Building 193 Equipment 194 Accumulated Depreciation Equipment LIABILITIES 210 Accounts Payable 221 Notes Pavabla KEVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 515 Credit Card Expense 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Rent Expense 534 Insurance Expense 535 Supplies Expense 536 Organizational Expenses 561 Depreciation Expense-Building 562 Depreciation Expense-Equipment 590 Miscellaneous Expense General Journal Journalize the entries for April 1 and 7. Refer to the Chart of Accounts for exact wording of account titles JOURNAL DATE DESCRIPTION POST REF DEBIT 1 CREDIT PAGE ACCOUNTING EQUATION ASSETS LIABILITIES EQU Previous Next
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