Need Journal Entry Help

[lorwhit]

Does anyone know what these journal entries would look like?

prepare journal entries for the following transactions

(1) issued 6000 shares of $50 par value preferred stock at $80 per share

(2) Issued 40000 shares of no-par common stock with a $20 stated value for cash of @25 per share

(3) Purchased 400 shares of treasury stock at $30 per share

(4) Resold 100 shares of treasury stock at $35 per share

 

[Kinlejus]

We certainly would help if You showed any innitiative

 

[lorwhit]

I have the answers, I just wanted to see if they are correct. Sometimes when you assume the situation is not helped.

 

[Sactarium]

1)Dr Cash 480,000
Cr. Preferred Stock 300,000
Cr. Additional Paid-in Capital, Preferred Stock 180,000

2) Dr. Cash 1,000,000
Cr. Common Stock 20
Cr. Additional Paid-in Capital, Common Stock 980,000

3) Dr.Treasury Stock 12,000
Cr. Cash 12,000

4) Dr. Cash 3500
Cr. Additional Paid-in Capital 500
Cr. Treasury Stock 3000