Homework Answers
ANSWER:
As per given question
| Feb 1 | Cash (20000*53) | 1,060,000 | |
| Preferred stock | 1,000,000 | ||
| Paid in capital from preferred stock | 60,000 | ||
| July 1 | Cash (12,000*57) | 684,000 | |
| Preferred stock | 600,000 | ||
| Paid in capital from preferred stock | 84,000 | ||
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lock E11.10 (LO 2, 4) Tran Corporation is authorized to issue both preferred and com value...
Ayayal Corp. is authorized to issue both preferred and common stock. The par value of the...
Ayayal Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 54,500 shares for cash at $53 per share. July 1 Issued 71,500 shares for cash at $58 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when...
Ch 13: Homework Question 3 of 4 -/15 Ayayai Corporation is authorized to issue both preferred...
Ch 13: Homework Question 3 of 4 -/15 Ayayai Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $49. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18,500 shares for cash at $59 per share. July Issued 12,000 shares for cash at $63 per share. 1 (a) Journalize the transactions. (Record journal entries in the order presented in...
Culver Corporation is authorized to issue both preferred and common stock. The par value of the...
Culver Corporation is authorized to issue both preferred and common stock. The par value of the preferred is SSO. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock Feb. 1 Issued 50,500 shares for cash at $54 per share. July 1 Issued 68,500 shares for cash at $58 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented when...
Exercise 13-09 a-b (Part Level Submission) (Video) Ayayai Corporation is authorized to issue both preferred and...
Exercise 13-09 a-b (Part Level Submission) (Video) Ayayai Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $48. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18,000 shares for cash at $55 per share. July 1 Issued 10,000 shares for cash at $59 per share. (a) Journalize the transactions. (Record journal entries in the order presented in the...
Exercise 11-06 a-b Whispering Winds Corp. is authorized to issue both preferred and common stock. The...
Exercise 11-06 a-b Whispering Winds Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 51,000 shares for cash at $52 per share. July 1 Issued 68,000 shares for cash at $57 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles...
Blue Spruce Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $49. D...
Blue Spruce Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $49. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18,500 shares for cash at $59 per share. July 1 Issued 12,000 shares for cash at $63 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented...
Exercise 11-06 a-b Pina Colada Corp. is authorized to issue both preferred and common stock. The...
Exercise 11-06 a-b Pina Colada Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 49,000 shares for cash at $54 per share. July 1 Issued 65,000 shares for cash at $57 per share. Your answer is correct. Journalize the transactions. (Record journal entries in the order presented in the...
Need help figuring out the two July 1st balances for preferred stock. Exercise 13-09 a-b (Video)...
Need help figuring out the two July 1st balances for preferred
stock.
Exercise 13-09 a-b (Video) Tran Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 20,000 shares for cash at $53 per share. July 1 Issued 12,000 shares for cash at $57 per share. Your answer is correct....
Concord Corporation is authorized to issue 23,500 shares of $50 par value, 10% preferred stock and...
Concord Corporation is authorized to issue 23,500 shares of $50 par value, 10% preferred stock and 130,000 shares of $5 par value common stock. On January 1, 2020, the ledger contained the following stockholders’ equity balances. Preferred Stock (10,500 shares) $525,000 Paid-in Capital in Excess of Par—Preferred Stock 68,500 Common Stock (63,500 shares) 317,500 Paid-in Capital in Excess of Par—Common Stock 750,000 Retained Earnings 330,000 During 2020, the following transactions occurred. Feb. 1 Issued 2,000 shares of preferred stock for...
Tidwell Corporation was organized on January 1, 2014. It is authorized to issue 20,000 shares of 6%, $50 par value prefe...
Tidwell Corporation was organized on January 1, 2014. It is authorized to issue 20,000 shares of 6%, $50 par value preferred stock and 500,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 70,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 12,000 shares of preferred stock for cash at $53 per share. May 1 Issued 120,000 shares...
Ayayal Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 54,500 shares for cash at $53 per share. July 1 Issued 71,500 shares for cash at $58 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when...
Ch 13: Homework Question 3 of 4 -/15 Ayayai Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $49. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18,500 shares for cash at $59 per share. July Issued 12,000 shares for cash at $63 per share. 1 (a) Journalize the transactions. (Record journal entries in the order presented in...
Culver Corporation is authorized to issue both preferred and common stock. The par value of the preferred is SSO. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock Feb. 1 Issued 50,500 shares for cash at $54 per share. July 1 Issued 68,500 shares for cash at $58 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented when...
Exercise 13-09 a-b (Part Level Submission) (Video) Ayayai Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $48. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18,000 shares for cash at $55 per share. July 1 Issued 10,000 shares for cash at $59 per share. (a) Journalize the transactions. (Record journal entries in the order presented in the...
Exercise 11-06 a-b Whispering Winds Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 51,000 shares for cash at $52 per share. July 1 Issued 68,000 shares for cash at $57 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles...
Blue Spruce Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $49. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18,500 shares for cash at $59 per share. July 1 Issued 12,000 shares for cash at $63 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented...
Exercise 11-06 a-b Pina Colada Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 49,000 shares for cash at $54 per share. July 1 Issued 65,000 shares for cash at $57 per share. Your answer is correct. Journalize the transactions. (Record journal entries in the order presented in the...
Need help figuring out the two July 1st balances for preferred
stock.
Exercise 13-09 a-b (Video) Tran Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 20,000 shares for cash at $53 per share. July 1 Issued 12,000 shares for cash at $57 per share. Your answer is correct....
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