10427 ACCOUNT NO. 2022 - INVESTMENT IN PREFERRED STOCK
(Revised 5/87)
Normal Balance: Debit
Purpose: This account shows the amount of investment in preferred stock.
Subsidiaries: Investments Ledger
Normal Entries:
| Entry No. |
Debits |
Entry No. |
Credits |
| 33. Preferred stocks are purchased. |
34. Preferred stocks are sold. |
