Student’s Last Name 1

Exercise 13-4

Date Accounts Debit Credit

a. Cash 52500
Common Stock 10000
Additional Paid-in Capital – Common Stock 42500

b. Cash 52500
Common Stock 10000
Additional Paid-in Capital – Common Stock 42500

c. Cash 52500
Common Stock 52500

d. Organization Expense 52500

Common Stock 10000
Additional Paid-in Capital – Common Stock 42500

e. Land 52500
Common Stock 10000
Additional Paid-in Capital – Common Stock 42500

Exercise 13-5

Date Accounts Debit Credit

Mar 2 Organization Expense 21200
Common Stock 16000
Additional Paid-in Capital – Common Stock 5200

June 12 Cash 305500

Common Stock 225600
Additional Paid-in Capital – Common Stock 79900

July 11 Cash 253500

Preferred Stock 195000
Additional Paid-in Capital – Preferred Stock 58500

Nov 28 Treasury Stock 78500

Cash 78500
 Student’s Last Name 2

Exercise 13-8

Date Accounts Debit Credit

Treasury Stock 249600
Cash 249600
To record purchase from stockholders

Cash 96900
Treasury Stock 91200
Additional Paid-in Capital – Treasury Stock 5700
To record sales of shares at $51 per share

Cash 87400
Additional Paid-in Capital – Treasury Stock 3800
Treasury Stock 91200
To record sales of shares at $46 per share

Cash 56000
Additional Paid-in Capital – Treasury Stock 1900
Retained Earnings 9300
Treasury Stock 67200
To record sales of shares at $40 per share