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

(37) can you please help me answer this.
(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 7, 4,000 shares of $60 par preferred stock were issued at

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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!