Preterreg stack 1 too has, 2s sensen Common Elyok, 510 par Paid in Capita in Excest of Par - Pretered stock. cossec Pala in Capital in Excenss of Par - Common Stock. 16000 Retained Earninge 200060 There were no dividends in arrears on preferred sfock. During 2021, the cempary, had the following transactions and evarhs. - August 1 Discovered a $72,000 overstatement of 2020 depreciation. Ignore incorne taxet. INSTRUCTIONS Joumalize the December transactions. Follow the following instructions to recelve credit. 1. Date should be spelled correctly and written as Month Day (ex. February 4) 2. Credit account titles are automatically indented when title is entered. Do not indent manualiy. 3. Account titles must be spelled correctly. 4. Do not key S-signs within journal entries. The stockholders' equity accounts of NeverBrokeAgain, Inc, at January 1, 2021, are as follows. Preferred Stock, $100 par, 7% $500,000 Comman Stock, $10 par 800,000 Paid-in Capital in Excess of Par - Preferred Stock 100,000 Paid-in Capital in Excess of Paf.-Common Stock 200,000 Retained Earnings 500,000 There were no dividends in arrears on preferred stock. During 2021, the company had the following transactions and events. - August 1 Discovered a $72,000 overstatement of 2020 depreciation. Ignore income taxes. INSTRUCTIONS Journalize the December transactions. Follow the following instructions to receive credit. 1. Date should be spelled correctly and written as Month Day (ex. February 4). 2. Credit account tities are automatically indented when titie is entered. Do not indent manually. 3. Account titles must be spelled correctly. 4. Do not key \$-signs within journal entries