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Set up ledger accounts and enter balances

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Reference no: EM131117867

The following select balances are indicated below:

PS, (PV = $100) $1,000,000

PIC in Excess of PV-PS, $900,000

CS, (PV = $1) $2,000,000

PIC in Excess of PV-CS, $10,000,000

Retained Earnings, $22,000,000

PIC from Sale of T.S. $300,000

Treasury Stock, 10,000 Shares, $100,000

Set up a Ledger accounts for these and accounts and enter balances

Reference no: EM131117867

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