Date | Account title | Debit | Credit |
Jan. 10 | Cash | 300,000 | |
Common stock | 200,000 | ||
Paid in capital in excess of stated value-Common stock | 100,000 | ||
Mar. 1 | Cash | 550,000 | |
Preferred stock | 400,000 | ||
Paid in capital in excess of par value-Preferred stock | 150,000 | ||
Apr. 1 | Land | 75,000 | |
Common stock | 50,000 | ||
Paid in capital in excess of stated value-Common stock | 25,000 | ||
May. 1 | Cash | 300,000 | |
Common stock | 150,000 | ||
Paid in capital in excess of stated value-Common stock | 150,000 | ||
Aug. 1 | Organization expense | 50,000 | |
Common stock | 20,000 | ||
Paid in capital in excess of stated value-Common stock | 30,000 | ||
Sept. 1 | Cash | 30,000 | |
Common stock | 10,000 | ||
Paid in capital in excess of stated value-Common stock | 20,000 | ||
Nov. 1 | Cash | 120,000 | |
Preferred stock | 80,000 | ||
Paid in capital in excess of par value-Preferred stock | 40,000 |
Preferred stock | |||
Particulars | Debit | Particulars | Credit |
Mar. 1 | 400,000 | ||
Nov. 1 | 80,000 | ||
Dec. 31. Bal. | 480,000 | ||
Common stock | |||
Particulars | Debit | Particulars | Credit |
Jan. 10 | 200,000 | ||
Apr. 1 | 50,000 | ||
May. 1 | 150,000 | ||
Aug. 1 | 20,000 | ||
Sept. 1 | 10,000 | ||
Dec. 31. Bal. | 430,000 | ||
Paid in capital in excess of par-Preferred stock | |||
Particulars | Debit | Particulars | Credit |
Mar. 1 | 150,000 | ||
Nov. 1 | 40,000 | ||
Dec. 31. Bal. | 190,000 | ||
Paid in capital in excess of stated-Common stock | |||
Particulars | Debit | Particulars | Credit |
Jan. 10 | 100,000 | ||
Apr. 1 | 25,000 | ||
May. 1 | 150,000 | ||
Aug. 1 | 30,000 | ||
Sept. 1 | 20,000 | ||
Dec. 31. Bal. | 325,000 |
Joanjim Corporation | ||
Partial Balance Sheet | ||
For the Year Ended December 31, 2012 | ||
Stockholders' equity | ||
Paid in capital: | ||
Capital stock: | ||
Preferred stock | 480,000 | |
Common stock | 430,000 | 910,000 |
Additional paid in capital: | ||
Paid in Capital in excess of stated value -Common Stock | 190,000 | |
Paid in Capital in excess of Par-Preferred Stock | 325,000 | 515,000 |
Total paid in capital | 1,425,000 |
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