Homework Answers
Journal
| 1 | Treasury stock | 2,500 | |
| Cash | 2,500 | ||
| 2 | Cash | 2,700 | |
| Treasury stock | 2,500 | ||
| Paid in capital from Treasury stock | 200 |
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Caltomia Surt Clothing Company Issues 1,000 shares of $1 par value common stock at $22 per...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Brief Exercise 10-8 Record purchase of treasury stock (LO10-4) Record the purchase of treasury stock. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Brief Exercise 10-8 Record purchase of treasury stock (LO10-4) Record the purchase of treasury stock. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $25 per...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $25 per share. Later in the year, the company decides to purchase 100 shares at a cost of $28 per share. Record the transaction if California Surf resells the 100 shares of treasury stock at $30 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the sale...
help California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $16...
help
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $16 per share. Later in the year, the company decides to purchase 100 shares at a cost of $19 per share. Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury stock. Note: Enter debits before credits Transaction General...
California surf clothing company issues 1,000 shares of $1 par value common stock at $27 per...
California surf clothing company issues 1,000 shares of $1 par value common stock at $27 per share. Later in the year, the company decides to repurchase 100 shares at a cost of $30 per share. Record the purchase of treasury stock. record the transaction if california surf reissues the 100 shares of treasury stock at $32 per share
Required information [The following information applies to the questions displayed below.) California Surf Clothing Company issues...
Required information [The following information applies to the questions displayed below.) California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $35 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $38 per share. Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase...
1. 2. 3. 4. February 1 Issues 4,200 shares of no-par common stock for $15 per...
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February 1 Issues 4,200 shares of no-par common stock for $15 per share. May 15 Issues 200 shares of $10 par value, 3.5% preferred stock for $12 per share. October 1 Declares a cash dividend of $0.35 per share to all stockholders of record (both common and preferred) on October 15. October 15 Date of record. October 31 Pays the cash dividend declared on October 1. Journal entry worksheet 2 3 4 5 Record the issuance...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $27 per...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $27 per share. Later in the year, the company decides to purchase 100 shares at a cost of $30 per share. Record the transaction if California Surf resells the 100 shares of treasury stock at $32 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Power Drive Corporation designs and produces a line of...
Journal entry worksheet 2 Record the issuance of 6,600 shares of common stock with a par...
Journal entry worksheet 2 Record the issuance of 6,600 shares of common stock with a par value $2 for a price of $26 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit а Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the issuance of 2,600 shares of common stock with a par value $2 for a price of $29 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b...
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value...
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, Its first year of operations: January 2 Issues 100,000 shares of common stock for $31 per share. February 6 Issues 2,600 shares of Be preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $36 per share. December 15 Resells 5,000 shares of treasury stock at $41 per...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Brief Exercise 10-8 Record purchase of treasury stock (LO10-4) Record the purchase of treasury stock. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Brief Exercise 10-8 Record purchase of treasury stock (LO10-4) Record the purchase of treasury stock. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $25 per share. Later in the year, the company decides to purchase 100 shares at a cost of $28 per share. Record the transaction if California Surf resells the 100 shares of treasury stock at $30 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the sale...
help
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $16 per share. Later in the year, the company decides to purchase 100 shares at a cost of $19 per share. Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury stock. Note: Enter debits before credits Transaction General...
Required information [The following information applies to the questions displayed below.) California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $35 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $38 per share. Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase...
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2.
3.
4.
February 1 Issues 4,200 shares of no-par common stock for $15 per share. May 15 Issues 200 shares of $10 par value, 3.5% preferred stock for $12 per share. October 1 Declares a cash dividend of $0.35 per share to all stockholders of record (both common and preferred) on October 15. October 15 Date of record. October 31 Pays the cash dividend declared on October 1. Journal entry worksheet 2 3 4 5 Record the issuance...
Journal entry worksheet 2 Record the issuance of 6,600 shares of common stock with a par value $2 for a price of $26 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit а Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the issuance of 2,600 shares of common stock with a par value $2 for a price of $29 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b...
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, Its first year of operations: January 2 Issues 100,000 shares of common stock for $31 per share. February 6 Issues 2,600 shares of Be preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $36 per share. December 15 Resells 5,000 shares of treasury stock at $41 per...
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