Homework Answers
Correct Answer:
|
Date |
General Journal |
Debit |
Credit |
|
07-Jun |
cash |
$ 60,000.0 |
|
|
Common stock |
$ 20,000.0 |
||
|
Additional paid-in capital |
$ 40,000.0 |
||
|
16-Aug |
cash |
$ 35,000.0 |
|
|
No-par preferred stock |
$ 35,000.0 |
||
|
19-Sep |
Equipment |
$ 95,000.0 |
|
|
common stock |
$ 20,000.0 |
||
|
Additional paid-in capital |
$ 75,000.0 |
End of answer.
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