Homework Answers
| General Journal | |||
| Account Titles | Debit | Credit | |
| Part A | Cash | $400,000 | |
| Common stock | $400,000 | ||
| Part B | Cash | $400,000 | |
| Common stock | $320,000 | ||
| Paid in capital in excess of par- common | $80,000 | ||
| Part C | Cash | $400,000 | |
| Common stock | $140,000 | ||
| Paid in capital in excess of stated - common | $260,000 | ||
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