UUR ORION signment ES CALCULATOR BACK NEX Brief Exercise 11-4 Pringle Inc. issue

Question

UUR ORION signment ES CALCULATOR BACK NEX Brief Exercise 11-4 Pringle Inc. issues 8,000 shares of $100 par value preferred stock for cash at $106 per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit busi SHOW LIST OF ACCOUNTS LINK TO TEXT SUBHIT ANSWER SAVE FOR LATER Question Attempts: 0 of 2 used ugen/shared/assignment/test/aglist.uni?id asnmt1760839 N1002D

Explanation / Answer

Account Titles and Explanation Debit Credit Cash (8,000 x $106) $848,000 Preferred stock (8,000 x $100) $800,000 Paid-in capital in excess of par - preferred stock (8,000 x $6) $48,000

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