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    Hibanks's Avatar
    Hibanks Posts: 1, Reputation: 1
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    #1

    Sep 21, 2010, 06:21 PM
    How do you create the journal entry for this problems?
    Murrary invested 2.5 million in a corporation on Sept 25th. For that money he was awarded 18000. Shares of $100. Par value common stock and 100,000. Shares of $5 par value preferred stock. The preferred stock is cumulative and fully participating.
    Create a journal entry to record the transactions on Sept 25th.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 21, 2010, 11:07 PM

    We have guidelines about posting homework:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

    Do you at least have any thoughts on it?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Sep 23, 2010, 04:08 PM

    That's because the rules are that we don't just give you answers to your homework.

    Now, you want to actually follow that link and read those rules? It's OK when they're on another forum where you can't see them. But when I give you a direct link, you have no excuse for not knowing them.

    Inappropriate use of the feedback system. You don't leave negatives because people actually follow the rules of the site, and for pointing you to them!
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