Jan. 1 Purchased 1,000 shares of Escalante Corporation common stock (7%) for $60,800 cash. July 1...
Jan. 1 Purchased 1,000 shares of Escalante Corporation common stock (7%) for $60,800 cash. July 1 Received a cash dividend of $5 per share. Dec. 1 Sold 200 shares of Escalante Corporation common stock for $12,800 cash. Dec. 31 Received a cash dividend of $5 per share.
Journalize the transactions.
Homework Answers
Add Answer to:
Jan. 1 Purchased 1,000 shares of Escalante Corporation common
stock (7%) for $60,800 cash. July 1...
Nosker Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,800...
Nosker Inc. had the following transactions pertaining to
investments in common stock.
Jan.
1
Purchased 4,800 shares of Escalante Corporation common stock
(7%) for $291,840 cash.
July
1
Received a cash dividend of $4 per share.
Dec.
1
Sold 960 shares of Escalante Corporation common stock for
$61,440 cash.
Dec.
31
Received a cash dividend of $4 per share.
Journalize the transactions. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. Record journal entries in...
1) 2) 3) 4) Exercise 12-7 (Part Level Submission) On January 1, Zabel Corporation purchased a...
1)
2)
3)
4)
Exercise 12-7 (Part Level Submission) On January 1, Zabel Corporation purchased a 25% equity in Helbert Corporation for $186,500. At December 31, Helbert declared and paid a $52,100 cash dividend and reported net income of $195,000. (a) Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Date Account Titles and...
Year 1 Jan. 2 Purchased 75,000 shares of Grecco Co. common stock for $531,000 cash. Grecco...
Year 1 Jan. 2 Purchased 75,000 shares of Grecco Co. common stock for $531,000 cash. Grecco has 300,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $1.70 per share. Dec. 31 Grecco announced that net income for the year is $504,900. Year 2 June 1 Grecco declared and paid a cash dividend of $3.40 per share. Dec. 31 Grecco announced that net income for...
questions 16.2-16.5 what is the op i nvestime curities he cash for strategic reasons? 4. What...
questions 16.2-16.5
what is the op i nvestime curities he cash for strategic reasons? 4. What are the typical investments 5. Why would a company invest in securities that provide 6. What is the typical stock investment when investing cash for strategic rease Instructions Provide answers for Mr. Taliaferro. ining to debt investments. 00) for $40,000 cash. Interestis E16.2 (LO 1) Jenek Corporation had the following transactions pertaining to debt im 1. Purchased 40 Leeds Co. 95 bonds (each with...
PDC Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2016,...
PDC Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2016, the company has the following stock transactions. Journalize the transactions for PDC Corporation. Jan. 15 Issued 700,000 shares of stock at $7 per share Dr. Cash $ 4,900,000 Cr Paid-in Capital in Excess of Par Value Common Stock $ Sept 5 Purchased 30,000 shares of common stock for the treasury at $6 per share Cr. Cash Dec 6 Declared a $0 50 per share...
Sun Corporation received a charter that outhorized the issuance of 94,000 shares of $3 par common...
Sun Corporation received a charter that outhorized the issuance of 94,000 shares of $3 par common stock and 21,000 shares of $75 par 4 percent cumulative preferred stock Sun Corporation completed the following transactions during its first two years of operation: 2018 Jan. 5 Sold 14,100 shares of the $3 par common stock for $5 per share. 12 Sold 2,180 shares of the 4 percent preferred stock for $85 per share. Apr. 5 Sold 18,880 shares of the $3 par...
Part 2 - Problem: (10 Points) Pattison Inc. had the following transactions pertaining to investments in common stoc...
Part 2 - Problem: (10 Points) Pattison Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,000 shares of Freeze Corporation common stock (5%) for S182,100 cash. July 1 Received a cash dividend of $3 per share. Dec. 1 Sold 600 shares of Freeze Corporation common stock for $31.200 cash. Dec. 31 Received a cash dividend of $3 per share. Instructions Please prepare the four journal entries required for the above transactions 1) DR. CR....
ABC Corporation is authorized to issue 1.000.000 shares of $1 par value common stock During 2020,...
ABC Corporation is authorized to issue 1.000.000 shares of $1 par value common stock During 2020, its first year of operation, the company has the following stock transactions. Jan. 1 Issued 100,000 shares of stock at $12 per share. Jan. 30 Attorneys for the company accepted 500 shares of common stock as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a value of $8,000. July 2 Issued 10,000 shares of stock...
Beanbag Corporation has 30,000 shares of common stock outstanding. The following transactions relate to cash dividends...
Beanbag Corporation has 30,000 shares of common stock outstanding. The following transactions relate to cash dividends of beanbag corp. For the year ended Dec 21 2018. Prepare journal entries without explanations to record the following transactions. June 1 Declared cash dividend of $.70 per common share June 15 Compiled a list of individual shareholders eligible for the dividend declared on june 1st July 5 Paid the cash dividend of $.70 per common share Dec 1 Declared a cash dividend of...
Common Stock Jan. 1 Bal. 3,400,000 Apr. 10 Aug. 15 Dec. 31 Bal. Paid-In Capital in...
Common Stock
Jan. 1 Bal.
3,400,000
Apr. 10
Aug. 15
Dec. 31 Bal.
Paid-In Capital in Excess of Stated Value-Common
Stock
Jan. 1 Bal.
650,000
Apr. 10
July 5
Dec. 31 Bal.
Retained Earnings
Dec. 31
Jan. 1 Bal.
7,720,000
Dec. 31
Dec. 31 Bal.
Treasury Stock
Jan. 1 Bal.
476,000
June 6
Nov. 23
Dec. 31 Bal.
Paid-In Capital from Sale of Treasury Stock
June 6
Stock Dividends Distributable
Aug. 15
July 5
Stock Dividends
July 5
Dec. 31...
Nosker Inc. had the following transactions pertaining to
investments in common stock.
Jan.
1
Purchased 4,800 shares of Escalante Corporation common stock
(7%) for $291,840 cash.
July
1
Received a cash dividend of $4 per share.
Dec.
1
Sold 960 shares of Escalante Corporation common stock for
$61,440 cash.
Dec.
31
Received a cash dividend of $4 per share.
Journalize the transactions. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. Record journal entries in...
1)
2)
3)
4)
Exercise 12-7 (Part Level Submission) On January 1, Zabel Corporation purchased a 25% equity in Helbert Corporation for $186,500. At December 31, Helbert declared and paid a $52,100 cash dividend and reported net income of $195,000. (a) Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Date Account Titles and...
questions 16.2-16.5
what is the op i nvestime curities he cash for strategic reasons? 4. What are the typical investments 5. Why would a company invest in securities that provide 6. What is the typical stock investment when investing cash for strategic rease Instructions Provide answers for Mr. Taliaferro. ining to debt investments. 00) for $40,000 cash. Interestis E16.2 (LO 1) Jenek Corporation had the following transactions pertaining to debt im 1. Purchased 40 Leeds Co. 95 bonds (each with...
PDC Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2016, the company has the following stock transactions. Journalize the transactions for PDC Corporation. Jan. 15 Issued 700,000 shares of stock at $7 per share Dr. Cash $ 4,900,000 Cr Paid-in Capital in Excess of Par Value Common Stock $ Sept 5 Purchased 30,000 shares of common stock for the treasury at $6 per share Cr. Cash Dec 6 Declared a $0 50 per share...
Sun Corporation received a charter that outhorized the issuance of 94,000 shares of $3 par common stock and 21,000 shares of $75 par 4 percent cumulative preferred stock Sun Corporation completed the following transactions during its first two years of operation: 2018 Jan. 5 Sold 14,100 shares of the $3 par common stock for $5 per share. 12 Sold 2,180 shares of the 4 percent preferred stock for $85 per share. Apr. 5 Sold 18,880 shares of the $3 par...
Part 2 - Problem: (10 Points) Pattison Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,000 shares of Freeze Corporation common stock (5%) for S182,100 cash. July 1 Received a cash dividend of $3 per share. Dec. 1 Sold 600 shares of Freeze Corporation common stock for $31.200 cash. Dec. 31 Received a cash dividend of $3 per share. Instructions Please prepare the four journal entries required for the above transactions 1) DR. CR....
ABC Corporation is authorized to issue 1.000.000 shares of $1 par value common stock During 2020, its first year of operation, the company has the following stock transactions. Jan. 1 Issued 100,000 shares of stock at $12 per share. Jan. 30 Attorneys for the company accepted 500 shares of common stock as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a value of $8,000. July 2 Issued 10,000 shares of stock...
Common Stock
Jan. 1 Bal.
3,400,000
Apr. 10
Aug. 15
Dec. 31 Bal.
Paid-In Capital in Excess of Stated Value-Common
Stock
Jan. 1 Bal.
650,000
Apr. 10
July 5
Dec. 31 Bal.
Retained Earnings
Dec. 31
Jan. 1 Bal.
7,720,000
Dec. 31
Dec. 31 Bal.
Treasury Stock
Jan. 1 Bal.
476,000
June 6
Nov. 23
Dec. 31 Bal.
Paid-In Capital from Sale of Treasury Stock
June 6
Stock Dividends Distributable
Aug. 15
July 5
Stock Dividends
July 5
Dec. 31...
Most questions answered within 3 hours.
-
Based on how much or how little you have noticed in the media,
do you think...
asked 1 hour ago -
I calculate Rosetta Stone’s P/E ratio as 10x prior to a report
about future industry growth....
asked 2 hours ago -
What major physiological changes account for electrodermal
activity (as in during a lie-detector test)?
asked 3 hours ago -
You are going to sell fruits & vegetables at a local
roadside market. List separately and...
asked 4 hours ago -
Hows does water affect the digestion of fats ?
asked 6 hours ago -
A buffer that contains 0.41 M of a base, B and 0.21 M of its
conjugate...
asked 6 hours ago -
Pleaaaaaaaasssssse help me please please it's more important
:((((((((((((((((((((
CASE STUDY
Nissan Company
Nissan Motor Company,...
asked 6 hours ago -
Calculate the concentration of hydronium and hyroxide ions in 1)
2.0 mol/L HNO3 2) 0.5 mol/L...
asked 7 hours ago -
In a loop-the-loop ride a car goes around a vertical, circular
loop at a constant speed....
asked 7 hours ago -
50 grams each of water (18.015 g/mol) and ethylene glycol
(C2H6O2) (62.07 g/mol) are mixed. At...
asked 7 hours ago -
The life expectancy of sport utility vehicles follows a normal
distribution with a mean of 145.8...
asked 7 hours ago -
If an object with mass of 5 kg is pushed with a force of 552 N,...
asked 7 hours ago