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(Solved): please label journal clearly On December 1 of the current year, the following accounts and their b ...
please label journal clearly
On December 1 of the current year, the following accounts and their balances appear in the ledger of Latte Corp, a colfeet processar: The plan was accecved by the stockholders and accomelshed be the following transactons:
Chart of Accounts LIABILITIES 535 Insurance Expense 210 Accounts Payable 536 Office Supplies Expense 221 Notes Payable 537 Organizational Expenses 226 Interest Payable 561 Depreciation Expensa-Bullding 231 Cash Dividends Payable 590 Miscellaneous Expenso 241 Salaries Payable 710 Interest Expense 261 Mortgage Note Payable EQUITY 236 Stock OWidends Distributable 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Proferred Siock 322 Paid-In Capital in Excess of Par-Preforred Stock 331 Paid-in Capital from Salo of Treasury Stock 340 Retained Earnings 351 Cash Dividends
Chart of Accounts 1. 226 Interest Payable 231 Cash Dividends Payable 3241 Salaries Payable 261 Mortgage Noto Payable EQUITY 236 Stock Divldends Distributable 311 Common Stock 312 Paid-in Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Eamings 351 Cash Dividends 352 Stock Dividends 561 Depreciation Expense-Building 590 Miscellaneous Expense 710 Interest Expense
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