Requested:Prepare an appropriate journal.March 1, 2014 March 10, 2014Cash$175,000$5,000$170,000Common stockPaid up capital exceeds thestipulated value18 March 2014Cash$12,000$100$11.900Preferred StockPaid up capital exceeds the valueof the Pari12 April 2014Cash$450,000$10,000$440,000Common stockPaid up capital exceeds thestipulated value

Journal entry means the entry in prime book with chronological order. Journal entry should have…

Answered: Requested: Prepare an appropriate…

Business

Accounting

Requested: Prepare an appropriate journal. March 1, 2014

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

Requested:

Prepare an appropriate journal.

March 1, 2014

March 10, 2014
Cash
$175,000
$5,000
$170,000
Common stock
Paid up capital exceeds the
stipulated value
18 March 2014
Cash
$12,000
$100
$11.900
Preferred Stock
Paid up capital exceeds the value
of the Pari
12 April 2014
Cash
$450,000
$10,000
$440,000
Common stock
Paid up capital exceeds the
stipulated value

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