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The stockholders equity accounts of Indigo Corporation on January 1, 2022, were as follows. Preferred Stock (7%, $100 par no
Enter the beginning balances In the accounts and post the Journal entries to the stockholders equity accounts. (Post entries
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Indigo Corporation Journal Enteries Date Particulars 1.2.2022 Cash a/c Dr. To Common Stock To Paid in Capital in excess of st

Preferred Stock Bal 600000 Bal Cash Treasury Stock 80000 14000 Bal 94000 Bal 600000 600000 94000 94000 600000 Common Stock Ba

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