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Sunucce Carte Question Completion Status: QUESTION 1 Feb. 1 issued for cash 3.000 shares of Preferred Stock at $100 per share general journal form
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Answer #1
Question 1
Feb. 1 Cash (3,000 x 100) 300,000
Preferred Stock 300,000
Question 2
Feb. 6 Cash (100,000 x 5) 500,000
Common Stock 500,000
Question 3
Feb. 16 Cash 87,000
Common Stock (10,000 x 5) 50,000
Paid-in Capital in Excess of par 27,000
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