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gn Layout References Mailings Review View Help Paid-in Capital 8% Preferred Stock, $100 par value, cumulative, 50.0XX) shares
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Preparation of Journal Entries for given transactions: Journal Entries Date Account Title and Explaination Post. Ref. Debit $$ $ 240,000.00 510,000.00 Mar.15 Cash Dividends Payable - Preferred Cash Dividends Payable - Common Cash (To record payment o$ 540,000.00 $ Aug.13 Cash (12000 x $45) Treasury Stock (12000 x $43) Additional Paid In Capital- Treasury Stock (To record S

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