Question

Journalize the following of stocks

XY2 coap a 10s00 of Comnad SefT 17 Sao 3000 SHARES of PRefetees ANO ISSUED STOCK Pro o cr 15 s町26 SOLD 1000 SHaag of aanha, STOCK AT $ PAYABLE ON OCT 3i

Answer 1

Date	Particulars	Debit	Credit
Sep-01	Cash a/c         Dr	15,000
	Equity share capital a/c   Cr		15,000
	(Being Shares sold at par)
Sep-02	Cash a/c         Dr	32,000
	Profit/Loss a/c     Dr	8,000
	Preference share capital a/c        Cr		40,000
	(Being Shares sold)
Sep-04	Cash a/c         Dr	17,500
	Share subscription a/c   Dr	17,500
	Equity share capital a/c   Cr		25,000
	Securities premium a/c     Cr		10,000
	(Being shares subscription accounted)
Sep-17	Cash a/c         Dr	33,000
	Profit/Loss a/c     Cr		3,000
	Preference share capital a/c        Cr		30,000
	(Being preference shares sold)
Sep-18	Cash a/c         Dr	17,500
	Share subscription a/c   cr		17,500
	(Being balance subscription money received)
Sep-25	Equity share capital a/c       Dr	7,500
	cash a/c     Cr		4,500
	Profit/Loss a/c     Cr		3,000
	(Being shares purchased)
Sep-26	Cash a/c          Dr	4,000
	Profit/Loss a/c           Dr	1,000
	Equity share capital a/c    Cr		5,000
	(Being shares sold)
Sep-28	Preference share capital a/c             Dr	10,000
	Profit/Loss a/c           Cr		1,000
	Cash a/c                    Cr		9,000
	(Being shares purchased)
Sep-30	Cash a/c      Dr	2,500
	Equity share capital      Cr		2,500
	(Being shares sold)
Oct-15	Dividend a/c         Dr	1,20,000
	Cash a/c           Cr		1,20,000
	(being dividend declared)
Oct-31	Dividend a/c             Dr	2,16,000
	cash a/c                     Cr		2,16,000
	(Being dividend paid)
Nov-15	Dividend a/c               Dr	1,13,300
	Equity share capital a/c         Cr		1,13,300
	(Being dividend paid)
Nov-30	Dividend a/c                 Dr	1,62,000
	cash a/c                        Cr		1,62,000
	(Being dividend paid )