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11A-5. (Similar to problem 11A-1 and 11A-2 combined) Prepare the T- account entries for the...

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Accounting

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11A-5. (Similar to problem 11A-1 and 11A-2 combined) Prepare the T- account entries for the following stock transactions of the ALEXANDER Corporation. April 18 Issued 7000 shares of no par preferred stock for $14 per share. May 8 Issued 600 shares of $5 par preferred stock for $17 per share. July 16 Issued 800 shares of $4 par common stock for $10 per share. July 27 Issued 2500 shares of $10 par common stock in return for a patent with a fair market value of $83.000. August 3 Issued 1000 shares of $2 par common stock for $66 per share. The down payment is $52 per share with the reminder to be paid in three months. Nov 3 Investor pays remainder of amount owed on the August 3 stock! purchase. Problem 11A-5 Name: TA Name: Lab Section Time

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