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-   -   Accounting for Stocks/preffered&common (https://www.askmehelpdesk.com/showthread.php?t=422444)

  • Dec 5, 2009, 05:01 PM
    Jproject
    Accounting for Stocks/preffered&common
    I have all these questions and I only know the accounts, and not what the amounts are supposed to be!
    Please help...

    EX)
    On March 18, Weber issued 160 shares of preferred stock at $180 per share.

    Cash--> increase $28800
    Preferred Stock--> ????
    Additional paid in capital---> ????

    How do I figure out these amounts? Please help!
  • Dec 6, 2009, 05:38 AM
    rehmanvohra

    No one can figure out these amounts for you. The question must give the par value of preferred shares. The difference between the issue price and par value is the additional paid in capital

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