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-   -   Adjusting entries for common and perferred stock (https://www.askmehelpdesk.com/finance-accounting/adjusting-entries-common-perferred-stock-207508.html)

  • Apr 19, 2008, 11:50 AM
    charm1972
    Adjusting entries for common and perferred stock
    My question is how do I do an adjusting entry with common stock costing $30,000 for 200 shares? I sale 100 shares for $18,000 and I have a market value of $148 per share. I need to know how to do the adjusting entry. This is where I am lost. Can you help?

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