Bramble Co. had the following transactions during the current period. Mar. 2 Issued 4,700 shares of...
Bramble Co. had the following transactions during the current period.
| Mar. | 2 | Issued 4,700 shares of $4 par value common stock to attorneys in payment of a bill for $23,100 for services performed in helping the company to incorporate. | |
| June | 12 | Issued 56,700 shares of $4 par value common stock for cash of $298,600. | |
| July | 11 | Issued 2,900 shares of $110 par value preferred stock for cash at $130 per share. | |
| Nov. | 28 | Purchased 2,260 shares of treasury stock for $77,500. |
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Mar.
2June 12July 11Nov. 28Homework Answers
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Bramble Co. had the following transactions during the current
period.
Mar.
2
Issued 4,700 shares of...
Exercise 11-7 Quay Co. had the following transactions during the current period. Mar. 2 Issued 4,400...
Exercise 11-7
Quay Co. had the following transactions during the current
period.
Mar.
2
Issued 4,400 shares of $5 par value common stock to attorneys
in payment of a bill for $26,800 for services performed in helping
the company to incorporate.
June
12
Issued 55,700 shares of $5 par value common stock for cash of
$345,400.
July
11
Issued 2,700 shares of $110 par value preferred stock for cash
at $130 per share.
Nov.
28
Purchased 2,200 shares of treasury...
Exercise 13-05 Novak Co. had the following transactions during the current period. Mar. 2 Issued 4,300...
Exercise 13-05
Novak Co. had the following transactions during the current
period.
Mar.
2
Issued 4,300 shares of $4 par value common stock to attorneys
in payment of a bill for $22,300 for services performed in helping
the company to incorporate.
June
12
Issued 59,300 shares of $4 par value common stock for cash of
$321,900.
July
11
Issued 2,325 shares of $100 par value preferred stock for cash
at $130 per share.
Nov.
28
Purchased 3,370 shares of treasury...
Blue Spruce Corp. had the following transactions during the current period. Mar. 2 Issued 6,100 shares...
Blue Spruce Corp. had the following transactions during the current period. Mar. 2 Issued 6,100 shares of $5 par value common stock to attorneys in payment of a bill for $36,600 for services performed in helping the company to incorporate. June 12 Issued 57 500 shares of $5 par value common stock for cash of $359,375 July 11 Issued 1.200 shares of $100 par value preferred stock for cash at $10 per share. Nov. 28 Purchased 2,500 shares of treasury...
Exercise 11-8 Quay Co. had the following transactions during the current period. Mar. 2 Issued 4,000...
Exercise 11-8 Quay Co. had the following transactions during the current period. Mar. 2 Issued 4,000 shares of $6 par value common stock to attorneys in payment of a bill for $28,700 for services performed in helping the company to incorporate. June 12 Issued 62,800 shares of $6 par value common stock for cash of $450,200. July 11 Issued 1,975 shares of $110 par value preferred stock for cash at $140 per share. Nov. 28 Purchased 1,560 shares of treasury...
1. Hao Corporation had the following transactions during the current period. Mar. 2 Issued 20,000 common...
1. Hao Corporation had the following transactions during the current period. Mar. 2 Issued 20,000 common shares to its legal counsel in payment of a bill for $28,000 for services performed in helping the company incorporate. June 12 Issued 40,000 common shares for $415,000 cash. July 11 Issued 1,000, $3 noncumulative preferred shares at $110 per share cash. Nov. 28 Issued 2,000, $3 noncumulative preferred shares at $96 per share cash. Journalize the transactions. (Credit account titles are automatically indented...
Whispering Winds Corp. had the following transactions during the current period. Issued 4,000 shares of $6...
Whispering Winds Corp. had the following transactions during the current period. Issued 4,000 shares of $6 par value common stock to attorneys in payment of a bill for $28,700 for services performed in helping the company Mar. 2 to incorporate. Issued 62,800 shares of $6 par value common stock for cash of $450,200. June 12 Issued 1,975 shares of $110 par value preferred stock for cash at $140 per share. July 11 Purchased 1,560 shares of treasury stock for $76,500....
E11-2 Sagan Co. had these transactions during the current period. Issued 80,000 shares of $1 par...
E11-2 Sagan Co. had these transactions during the current period. Issued 80,000 shares of $1 par value common stock for cash of $300,000. June 12 July 11 Issued 3,000 shares of $100 par value preferred stock for cash at $106 per share Nov. 28 Purchased 2,000 shares of treasury stock for $9,000. Instructions Prepare the journal entries for the Sagan Co. transactions.
Dukas Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1...
Dukas Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash $300,000. July 11 Issued 3,000 shares of $100 par value preffered stock for cash at $106 per share. Nov 28 Purchased 2,000 shares of treasury stock for $9,000. Prepare the journal entries for the Dukas Co. transactions shown on page 604.
Carla Vista Co. had these transactions during the current period. June 12 Issued 78,500 shares of...
Carla Vista Co. had these transactions during the current period. June 12 Issued 78,500 shares of $1 par value common stock for cash of $294.375. July 11 Issued 3.250 shares of $101 par value preferred stock for cash at $109 per share. Nov. 28 Purchased 1,750 shares of treasury stock for $9.700. Prepare the journal entries for the Carla Vista Co, transactions shown above. (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented...
Bramble Corporation was organized on January 1, 2020. It is authorized to Issue 11,000 shares of 8%
Bramble Corporation was organized on January 1, 2020. It is authorized to Issue 11,000 shares of 8%, $100 par value preferred stock, and 524,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 83,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 4,600 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 23,000 shares of common stock...
Exercise 11-7
Quay Co. had the following transactions during the current
period.
Mar.
2
Issued 4,400 shares of $5 par value common stock to attorneys
in payment of a bill for $26,800 for services performed in helping
the company to incorporate.
June
12
Issued 55,700 shares of $5 par value common stock for cash of
$345,400.
July
11
Issued 2,700 shares of $110 par value preferred stock for cash
at $130 per share.
Nov.
28
Purchased 2,200 shares of treasury...
Exercise 13-05
Novak Co. had the following transactions during the current
period.
Mar.
2
Issued 4,300 shares of $4 par value common stock to attorneys
in payment of a bill for $22,300 for services performed in helping
the company to incorporate.
June
12
Issued 59,300 shares of $4 par value common stock for cash of
$321,900.
July
11
Issued 2,325 shares of $100 par value preferred stock for cash
at $130 per share.
Nov.
28
Purchased 3,370 shares of treasury...
Blue Spruce Corp. had the following transactions during the current period. Mar. 2 Issued 6,100 shares of $5 par value common stock to attorneys in payment of a bill for $36,600 for services performed in helping the company to incorporate. June 12 Issued 57 500 shares of $5 par value common stock for cash of $359,375 July 11 Issued 1.200 shares of $100 par value preferred stock for cash at $10 per share. Nov. 28 Purchased 2,500 shares of treasury...
Exercise 11-8 Quay Co. had the following transactions during the current period. Mar. 2 Issued 4,000 shares of $6 par value common stock to attorneys in payment of a bill for $28,700 for services performed in helping the company to incorporate. June 12 Issued 62,800 shares of $6 par value common stock for cash of $450,200. July 11 Issued 1,975 shares of $110 par value preferred stock for cash at $140 per share. Nov. 28 Purchased 1,560 shares of treasury...
Whispering Winds Corp. had the following transactions during the current period. Issued 4,000 shares of $6 par value common stock to attorneys in payment of a bill for $28,700 for services performed in helping the company Mar. 2 to incorporate. Issued 62,800 shares of $6 par value common stock for cash of $450,200. June 12 Issued 1,975 shares of $110 par value preferred stock for cash at $140 per share. July 11 Purchased 1,560 shares of treasury stock for $76,500....
E11-2 Sagan Co. had these transactions during the current period. Issued 80,000 shares of $1 par value common stock for cash of $300,000. June 12 July 11 Issued 3,000 shares of $100 par value preferred stock for cash at $106 per share Nov. 28 Purchased 2,000 shares of treasury stock for $9,000. Instructions Prepare the journal entries for the Sagan Co. transactions.
Carla Vista Co. had these transactions during the current period. June 12 Issued 78,500 shares of $1 par value common stock for cash of $294.375. July 11 Issued 3.250 shares of $101 par value preferred stock for cash at $109 per share. Nov. 28 Purchased 1,750 shares of treasury stock for $9.700. Prepare the journal entries for the Carla Vista Co, transactions shown above. (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented...
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