Question

11. Melissa Corp has 300,000 shares authorized of common stock, of which 60.000 shares are unissued, and 10,000 are held in t
0 0
Add a comment Improve this question Transcribed image text
Answer #1

liren → Authorised Capital = 300000 Shares Unissued Capital - Goooo Shares Treasury Capital - 10000 Shares Total Shares Issue

Add a comment
Know the answer?
Add Answer to:
11. Melissa Corp has 300,000 shares authorized of common stock, of which 60.000 shares are unissued,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 11. Melissa Corp has 300,000 shares authorized of common stock, of which 60.000 shares are unissued,...

    11. Melissa Corp has 300,000 shares authorized of common stock, of which 60.000 shares are unissued, and 10,000 are held in treasury stock. On January 15, the board of directors declared a cash dividend of 25 per share, payable on March 15, to shareholders of record on Feb 15. Prepare the journal entries associated with those dates.

  • 8% Preferred Stock, $100 par value, cumulative, 50,000 shares authorized 30,000 shares issued and outstanding 3,000,000...

    8% Preferred Stock, $100 par value, cumulative, 50,000 shares authorized 30,000 shares issued and outstanding 3,000,000 In excess of par on preferred stock $ 300,000 Total Paid-in-Capital from Preferred Stock $ 3,300,000 Common Stock, no par, $25 stated value, 1,000,000 shares authorized. 400,000 shares issued and outstanding $ 10,000,000 In excess of stated value on common stock $ 600,000 Total Paid-in-Capital from Common Stock $ 10,600,000 Total Paid-in-Capital $ 13,900,000 Retained Earnings (Note A) $ 4,100,000 Total Stockholder's Equity $...

  • The adler corporation is authorized to issue 125000 shares of common stock the company recently sold...

    The adler corporation is authorized to issue 125000 shares of common stock the company recently sold 50000 shares for $25 per share. a. prepare the journal entry to record the sale of the stock assuming the stock has a $25 par value b. Prepare a journal entry to record the sale of the stock assuming the stock has a $5 par value c. prepare the journal entry to record the sale the sale of the stock assuming the stock has...

  • Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and 100,000 shares of...

    Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and 100,000 shares of treasury stock. The company's board of directors declares a dividend of $1 per share of common stock. What is the total amount of the dividend that will be paid? Dividend Amount to be Paid $ 77.000

  • Stockholder's Equity Pald-in-Capital B%. Preferred Stock, $100 par value, cumulative, 50.000 shares Authorized, 50,000 shares issued...

    Stockholder's Equity Pald-in-Capital B%. Preferred Stock, $100 par value, cumulative, 50.000 shares Authorized, 50,000 shares issued and outstanding In excess of per on preferred stock Total Paid-in-Capital from Preferred Stock $ 5.000.000 $ 5,300,000 $ $ 7.500.000 200.000 Common Stock, no par, $25 stated value, 1,000,000 shares authorized, 300,000 shares issued and outstanding In excess of stated value on common stock Total Paid-in-Capital from Common Stock Total Paid-in-Capital Retnined Earnings (Note A) Total Stockholder's Equity $ $ $ $ 100,000...

  • 2. BCC Inc. has 390,000 shares of $10 par value common stock issued and outstanding. REQUIRED...

    2. BCC Inc. has 390,000 shares of $10 par value common stock issued and outstanding. REQUIRED (24 points) Prepare journal entries to record the following (round to nearest dollar.) Jan. 3, 2020 Issued 15,000 shares for $15 per share Jan 15 Purchased 5,000 shares of treasury stock at $17 Jan 22 Declared a dividend of $1.50 per share on the outstanding shares of common stock. Feb. 8 Paid the dividend declared on January 22. Sep. 1 Declared a 5% stock...

  • 2. BCC Inc. has 390,000 shares of $10 par value common stock issued and outstanding. REQUIRED...

    2. BCC Inc. has 390,000 shares of $10 par value common stock issued and outstanding. REQUIRED (24 points) Prepare journal entries to record the following (round to nearest dollar.) Jan. 3, 2020 Issued 15,000 shares for $15 per share Jan 15 Purchased 5,000 shares of treasury stock at $17 Jan 22 Declared a dividend of $1.50 per share on the outstanding shares of common stock. Feb. 8 Paid the dividend declared on January 22. Sep. 1 Declared a 5% stock...

  • On January 1, Vancouver Ltd.’s equity was as follows: common shares, 1,000,000 shares authorized, 525,000 shares...

    On January 1, Vancouver Ltd.’s equity was as follows: common shares, 1,000,000 shares authorized, 525,000 shares issued. Prepare journal entries to record the following transactions: May 1    A cash dividend of $1.10 per share was declared by the board of directors to shareholders of record on May 20, payable on June 1. June 1    Paid the cash dividend.

  • 12. Prepare in journal form the entries necessary to record the following stock transactions of the...

    12. Prepare in journal form the entries necessary to record the following stock transactions of the Vallen Company during 2019: Oct. 1 Purchased 1,000 shares of its own common stock for $20 per share. Oct. 5 Sold 500 shares of treasury stock purchased on Oct 1. For $25 per share. Oct. 8 Sold 250 shares of treasury stock purchased on Oct 1. For $15 per share. Oct. 9 sold the remaining shares of treasury stock for $20 per share.

  • nnect Homework: Chapter 11 2 Purchased 5,000 shares of its own stock at $25 cash per...

    nnect Homework: Chapter 11 2 Purchased 5,000 shares of its own stock at $25 cash per share. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 Jan Jan stockholders of record. 28 Paid the dividend declared on January 5 6 Sold 1,875 of its treasury shares at $29 cash per share 22 Sold 3,125 of its treasury shares at $22 cash per share. Feb July Aug. Sept. 5 Directors declared 15 points...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT