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(Solved): please label journal clearly The tollowing selected accounts apceat in the ledger of Parks Consinc ...
please label journal clearly
The tollowing selected accounts apceat in the ledger of Parks Consinction inh at be beginning of the current yeur Puchased 100,000 shares of teatury common for 510 per share. 50 d 105,000 shares of theatury common for 516 pee ahare. Seld 40,000 ahares of treasury common toe 84 per whwe. Pald tre cash divisends Peculred:
Parks Construction inc. General Ledger
141 inventory 510 Cost of Goods Sold 145 Orice Suppltes 515 Cradit Card Expertse 151 Prepaid Insurance 520 Salaries Expense 181 Land 531 Advertising Expense 193 Equipment 532 Dolivery Expense 194 Accumulated Depreciation-Equipment 533 Solling Expenses 534 Rent Expense LABIUTIES 535 Insurance Expense 210 Accounts Payable 536 Oflice Supplies Expense 221 Notes Payable 537 Organizational Expenses 226 Interest Payablo 562 Dopreciation Expense-Equipment 231 Cash Dividends Paysbie 590 Miscallaneous Expenso 241 Salaries Payoble 710 interest Expense 201 Mortgage Note Payabio EOurry 23a stock Dividends Distributable 311 Common Stack 312. Paid-In Copital in Excoss of Par-Cornmon Stock Check My Work
Chart of Accounts 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 241 Salaries Payable 261 Mortgage Note Payable EQUITY 236 Stock Dividends 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 Earnings 351 Cash Dividends 352 Stock Dividends 537 Organizational Expenses 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 710 Interest Expense
Chart of Acoounts Ceneral Journal
Chart of Accounts: General Joumal