Journalize the entries to record the following transactions for Mountain Realty Inc. Refer to the Chart of Accounts for exact wording of account titles. Aug. 26 Issued for cash 120,000 shares of no-par common stock (with a stated value of $5) at $8.
Oct. 1 Issued at par value 40,000 shares of preferred 1% stock, $10 par for cash.
Nov. 30 Issued for cash 18,000 shares of preferred 1% stock, $10 par at $13.

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.

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