preferred stock 9 percent cumlative 10 share authorize 400,000/ common stock 1 d
ID: 2358176 • Letter: P
Question
preferred stock 9 percent cumlative 10 share authorize 400,000/ common stock 1 dollar stated valve 2million shares 100.000/ paid in capital in excess of par preferr stock 100,000/paid in capital in in excess of stated valve common stock 1.450,000/ retain earning 1,816.000/tresaury stock 20,000 common share 50k during 2014 this company had the following transcation to the stock equity on 2/1 it issue 25,000 shares of common stock for 120,000/ on 4/14 it sold 9000shares of tresuary stock for 46,000/ on9/13 it issue 7000 shares of common stockfor preferr valveof 82,000/on 11/10 it purchase 1000 share of common stock 4 treasury cost 6000/on 12/31 the company net income was 452,00/tno dividend declare during the yr/ i need to set up a journaliz these trancation by setting up account title debit side and credit side can you answer these questionand set up a account title and explanationExplanation / Answer
Posters rating is not 100%. Hence Pl dont answer this post as this person has been irresponsible in rating answers. So he don't deserve any solutions here. First make him rate all pending posts truthfully & also pledge that he will rate all answers within 2 days to be eligible for help from Educators & others. Till such time, just ignore all posts where rating is not 100%. This will make Cramster a better forum to contribute. Amen... Pl goto http://www.cramster.com/my_cramster/questions-and-answers/NeedRatingQuestions & rate your pending posts
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