Required journal entries:
Required information The following information applies to the questions displayed below.) Worldwide Company obtained a charter...
Required information The following information applies to the questions displayed below.) Part 1 of 3 Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $38.900, declared no dividends, and the following selected transactions occurred in the order given: 10 points a. Issued 67,000 shares of the common stock at $11 cash per share. b. Reacquired 2,700 shares at $14 cash per share...
Required information The following information applies to the questions displayed below) Worldwide Company obtained a charter from the state in January that authorized 200.000 shares of common stock. $10 par value. During the first year, the company earned $37,900, declared no dividends, and the following selected transactions occurred in the order glven: a. Issued 57.000 shares of the common stock at $11 cash per share. b. Reacquired 1,700 shares at $14 cash per share from stockholders; the shares are now...
Required information The following information applies to the questions displayed below.) Part 3 of 3 Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $38,900, declared no dividends, and the following selected transactions occurred in the order given: points a, Issued 67,000 shares of the common stock at $11 cash per share. b. Reacquired 2,700 shares at $14 cash per share from...
Required information The following information applies to the questions displayed below Global Marine obtained a charter from the state in January that authorized 1.000.000 shares of common stock. $5 par value. During the first year, the company earned $450,000 of net income declared no dividends, and the following selected transactions occurred in the order given a. Issued 120,000 shares of the common stock at $60 cash per share b. Reacquired 30,000 shares at $55 cash per share c Reissued 12.500...
A B and C please 8 Required information The following information applies to the questions displayed below Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $37,700, declared no dividends and the following selected transactions occurred in the order given: Com Part 2 of 10 points a. Issued 55,000 shares of the common stock at $12 cash per share. b. Reacquired 1,500...
{The following information applies to the questions displayed below) Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value During the first year, the company earned $330,000 of net income and the following selected transactions occurred in the order given: a. Issued 120,000 shares of the common stock at $48 cash per share. b. Reacquired 18,000 shares at $43 cash per share. C Reissued 6,500 shares from treasury for $44...
Required information [The following information applies to the questions displayed below) Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $500,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: Issued 110.000 shares of the common stock at $65 cash per share b. Reacquired 35,000 shares at $60 cash per share. c. Reissued 15,000 shares...
Required information [The following information applies to the questions displayed below.) Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $360,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 120,000 shares of the common stock at $51 cash per share. b. Reacquired 21,000 shares at $46 cash per share. c. Reissued 8,000...
Required information [The following information applies to the questions displayed below.] Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 par value. During its first year, the following selected transactions were completed: a. Issued 5,600 shares of common stock for cash at $21 per share. b. Issued 1,600 shares of common stock for cash at $24 per share. 2. Prepare the journal entry required for each of these transactions. (If no entry is required...
Required information (The following information applies to the questions displayed below.) Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 par value. During its first year, the following selected transactions were completed: a. Issued 6,800 shares of common stock for cash at $28 per share. b. Issued 2,800 shares of common stock for cash at $31 per share. 2. Prepare the journal entry required for each of these transactions. (If no entry is required...