Homework Answers
1) Journal entries
| Date | account and explanation | Debit | Credit |
| Mar 4 | Cash (24000*8) | 192000 | |
| Common Stock | 24000 | ||
| Paid in capital in excess of par value-Common Stock | 168000 | ||
| May 22 | Treasury stock (1100*14) | 15400 | |
| Cash | 15400 | ||
| Sep 22 | Cash (600*22) | 13200 | |
| Treasury stock (600*14) | 8400 | ||
| Paid in capital from sale of treasury stock | 4800 | ||
| Oct 14 | Cash (500*6) | 3000 | |
| Paid in capital from sale of treasury stock | 4000 | ||
| Treasury stock (500*14) | 7000 | ||
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Stock transactions for Defensive Driving School, Inc. follow: (Click the icon to view the transactions.) Journalize...
Halbor Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the...
Halbor Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Halbom's general journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Date Jan. 16: Declared a cash dividend on the...
Clearbon Manufacturing Co. completed the following transactions during 2018 (Click the icon to view the transactions.)...
Clearbon Manufacturing Co. completed the following transactions during 2018 (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Clearborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry Accounts and Explanation column and leave the remaining cells blank.) required, select "No entry required" on the first line of the Jan. 16: Declared a cash dividend on the 5 %, $99...
Stock transactions for Defensive Driving School, Inc. follow (Click the icon to view the transactions.) Journalize...
Stock transactions for Defensive Driving School, Inc. follow (Click the icon to view the transactions.) Journalize al entry tat May 22: P More Info w -X Date May 22 Mar May Sep Oct 4 Issued 22,000 shares of $1 par value common stock at $10 per share. 22 Purchased 1,700 shares of treasury stock-common at $10 per share. 22 Sold 800 shares of treasury stock common at $17 per share. 14 Sold 900 shares of treasury stock-common at $6 per...
Halborn Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.)...
Halborn Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.) Read the resirements Requirement 1. Record the transactions in Halbom's general journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 5%, $95...
Clearbom Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the...
Clearbom Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Clearborn's general Journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table. I no entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank) Jan 16: Declared a cash dividend on the 4%,...
Dearborn Manufacturing Co, completed the following transactions during 2018: (Click the icon to view the transactions)...
Dearborn Manufacturing Co, completed the following transactions during 2018: (Click the icon to view the transactions) Read the requirements Jan 16: Declared a cash dividend on the 6%, $103 par noncumulative preferred stock (1,050 shares outstanding) Declared a $0.20 per share dividend on the 100.000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date is February 15, Accounts and explanation Credit Date Jan 16 Retained Eamings Dividends PayablePreferred Dividends Payable...
Stock transactions for Mr. Magoo Driving School, Inc. follow. (Click the icon to view the transactions.)...
Stock transactions for Mr. Magoo Driving School, Inc. follow. (Click the icon to view the transactions.) Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 4: Issued 23,000 shares of $1 par value common stock at $12 per share. Date Accounts and Explanation Debit Credit Mar. 4 its first, then credits. Select the explanation on the last line of the journal entry table.) walue * More Info unts...
The following elements of stockholders' equity are from the balance sheet of Sanderson Marketing Corp. at...
The following elements of stockholders' equity are from the balance sheet of Sanderson Marketing Corp. at December 31, 2017: (Click on the icon to view the data.) Sanderson paid no preferred dividends in 2017. Read the requirements Requirement 1. Compute the dividends to the preferred and common shareholders for 2018 if total dividends are $150,000 and assuming the preferred stock is noncumulative. Assume no changes in preferred and common stock in 2018. (Complete all input boxes. Enter "0" for any...
Learning Objectives 3, 4 P13-42A Journalizing dividends and treasury stock transactions and preparing the stockholders' equity...
Learning Objectives 3, 4 P13-42A Journalizing dividends and treasury stock transactions and preparing the stockholders' equity section of the balance sheet Deerborn Manufacturing Co. completed the following transactions during 2018: Nov. 8 Treasury Stock $4,000 Jan. 16 Declared a cash dividend on the 6%, $103 par noncumulative preferred stock (1,050 shares outstanding). Declared a $0.20 per share dividend on the 100,000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date...
Stock transactions for Mr. Magoo Driving School, Inc. follow (Click the loon to view the transactions.)...
Stock transactions for Mr. Magoo Driving School, Inc. follow (Click the loon to view the transactions.) Journalire the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Mar. 4: Issand 20,000 shares of 31 par value common stock at $10 per share Date Accounts and Explanation Debit Credit More info May 22: Purchased 800 shares of treasurystock-common M 513 per share Accounts and Explanation May 22 Mar May Sep Oct Issued...
Halbor Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Halbom's general journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Date Jan. 16: Declared a cash dividend on the...
Clearbon Manufacturing Co. completed the following transactions during 2018 (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Clearborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry Accounts and Explanation column and leave the remaining cells blank.) required, select "No entry required" on the first line of the Jan. 16: Declared a cash dividend on the 5 %, $99...
Stock transactions for Defensive Driving School, Inc. follow (Click the icon to view the transactions.) Journalize al entry tat May 22: P More Info w -X Date May 22 Mar May Sep Oct 4 Issued 22,000 shares of $1 par value common stock at $10 per share. 22 Purchased 1,700 shares of treasury stock-common at $10 per share. 22 Sold 800 shares of treasury stock common at $17 per share. 14 Sold 900 shares of treasury stock-common at $6 per...
Halborn Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.) Read the resirements Requirement 1. Record the transactions in Halbom's general journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 5%, $95...
Clearbom Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Clearborn's general Journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table. I no entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank) Jan 16: Declared a cash dividend on the 4%,...
Dearborn Manufacturing Co, completed the following transactions during 2018: (Click the icon to view the transactions) Read the requirements Jan 16: Declared a cash dividend on the 6%, $103 par noncumulative preferred stock (1,050 shares outstanding) Declared a $0.20 per share dividend on the 100.000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date is February 15, Accounts and explanation Credit Date Jan 16 Retained Eamings Dividends PayablePreferred Dividends Payable...
Stock transactions for Mr. Magoo Driving School, Inc. follow. (Click the icon to view the transactions.) Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 4: Issued 23,000 shares of $1 par value common stock at $12 per share. Date Accounts and Explanation Debit Credit Mar. 4 its first, then credits. Select the explanation on the last line of the journal entry table.) walue * More Info unts...
The following elements of stockholders' equity are from the balance sheet of Sanderson Marketing Corp. at December 31, 2017: (Click on the icon to view the data.) Sanderson paid no preferred dividends in 2017. Read the requirements Requirement 1. Compute the dividends to the preferred and common shareholders for 2018 if total dividends are $150,000 and assuming the preferred stock is noncumulative. Assume no changes in preferred and common stock in 2018. (Complete all input boxes. Enter "0" for any...
Learning Objectives 3, 4 P13-42A Journalizing dividends and treasury stock transactions and preparing the stockholders' equity section of the balance sheet Deerborn Manufacturing Co. completed the following transactions during 2018: Nov. 8 Treasury Stock $4,000 Jan. 16 Declared a cash dividend on the 6%, $103 par noncumulative preferred stock (1,050 shares outstanding). Declared a $0.20 per share dividend on the 100,000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date...
Stock transactions for Mr. Magoo Driving School, Inc. follow (Click the loon to view the transactions.) Journalire the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Mar. 4: Issand 20,000 shares of 31 par value common stock at $10 per share Date Accounts and Explanation Debit Credit More info May 22: Purchased 800 shares of treasurystock-common M 513 per share Accounts and Explanation May 22 Mar May Sep Oct Issued...
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