Ask Experts Questions for FREE Help !
Ask
    Hibanks's Avatar
    Hibanks Posts: 1, Reputation: 1
    New Member
     
    #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
    Uber Member
     
    #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
    Uber Member
     
    #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!

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Journal Entry / Double-entry software needed [ 5 Answers ]

Hi, I am looking for a good software to use for daily journal entries and adjustments, that will allow me to create at least a balance sheet & income statement and perhaps a few reports (like inventory, accounts receivables). I need a real double-entry & simple reliable software. Peachtree &...

Do I use all the account types from my journal entry to create my trial balance? [ 5 Answers ]

Hello, this is my journal entry but I am confused as what to use from this to create my trial balance. Can someone help me clarify this? General Journal Date Description(Account Name) Debit Credit Oct. 1 Cash 12,000 Oct. 1 Common Stock 12,000 Oct. 1 Cash 1,200 Oct....

What do I debit/credit in journal entry/adjusting entry? [ 1 Answers ]

Hi. I am unsure about the correct way to debit/credit these entries. Can someone help me? Window Washing Company opened on July 1, 2010. During July the following transactions were completed: July 1 Issued 14,456 shares of common stock for $14,456 cash. July 1 Purchased used truck for...


View more questions Search