Using the Following Accounts

question 118

Short Answer

Using the following accounts:
[1]Cash
[2]Dividends payable
[3]Preferred stock
[4]Common stock
[5]Dividend distributable
[6]Paid-in capital in excess of par common stock
[7]Paid-in capital in excess of par preferred stock
[8]Paid-in capital from treasury stock
[9]Retained earnings
[10]Appropriation for plant expansion
[11]Treasury stock
[12]Income summary
Indicate the account(s) to be debited and credited to record the following transactions.
-Sold preferred stock at a price above par.
Debit ________ & ________ & ________ Credit ________ & ________ & ________

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Definitions:

Cleavage

Series of mitotic cell divisions, without growth, that converts the zygote to a multicellular blastula.

Meiotic Cell Divisions

A type of cell division that reduces the chromosome number by half, leading to the production of gametes in sexual reproduction.

Common Ancestor

The most recent ancestral form or species from which two different species evolutionary diverged.

Animals

Multicellular, eukaryotic organisms of the kingdom Animalia, characterized by their ability to move, consume organic material, and sense their environment.