Homework Answers
Journal entry
| No | Account titles and explanation | Debit | Credit |
| a | Cash | 53500 | |
| Common Stock (3500*10) | 35000 | ||
| Paid in capital in excess of par value-Common Stock | 18500 | ||
| b | Cash | 53500 | |
| Common Stock | 35000 | ||
| Paid in capital in excess of stated value-Common Stock | 18500 | ||
| c | Organisation expense | 53500 | |
| Common Stock | 35000 | ||
| Paid in capital in excess of stated value-Common Stock | 18500 | ||
| d | Land | 53500 | |
| Common stock | 35000 | ||
| Paid in capital in excess of stated value-Common Stock | 18500 | ||
Add Answer to:
Lorporation issued 3,500 shares of stock. Prepare the entry for the issuance under the following assumptions....
OURCES Concord Corporation issued 3,500 shares of stock Prepare the entry for the issuance under the...
OURCES Concord Corporation issued 3,500 shares of stock Prepare the entry for the issuance under the following assumptions (Credit account titles are automaticalily Indented when amount is entered. Do not indeat manually. Round anwers t 0 decimal places, eg·5,6S.) 13-04 13-06 13-08 (a) The stock had a par value of $10 per share and was issued for a total of $53,500 (b) The stock had a stated value of $10 per share and was issued for a total of $53,500...
Concord Corporation issued 4,250 shares of stock. Prepare the entry for the issuance under the following...
Concord Corporation issued 4,250 shares of stock. Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,650.) (a) The stock had a par value of $7 per share and was issued for a total of $51,000. (b) The stock had a stated value of $7 per share and was issued for a total of $51,000. (c) The stock...
Exercise 11-4 Osage Corporation issued 2,500 shares of stock. Prepare the entry for the issuance under the following as...
Exercise 11-4
Osage Corporation issued 2,500 shares of stock.
Prepare the entry for the issuance under the following assumptions.
(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 0 for the
amounts.)
(a)
The stock had a par value of $7 per share and was issued for a
total of $46,500.
(b)
The stock had a stated value of $7 per...
Cullumber Company issued 1,000 shares of common stock. Prepare the entry for the issuance under the...
Cullumber Company issued 1,000 shares of common stock. Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amount is enter o decimal places, e.g. 5,675. If no entry is required, select "No Entry" for the account tities and enter for the amounts.) (a) The stock had a par value of $4.00 per share and was issued for a total of $45,000. (b) The stock had a stated value of $4.00 per share...
sage Corporation issued 4,050 shares of stock under the folowing assumptions. (Credit account titles are automatically...
sage Corporation issued 4,050 shares of stock under the folowing assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually Round anssers to 0 decimal ple a) The stock had a par value of $7 per share and was issued for a total of $56,500. (b) The stock had a stated value of $7 per share and was issued for a total of $56,500. (c) The stock had no par or stated value and was...
gnment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN Blue Spruce Corp. issued 2,550 shares of stock. Prepare...
gnment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN Blue Spruce Corp. issued 2,550 shares of stock. Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amou. manually. Round answers to o decimal places, e.g. 5,675. If no entry is required, select "No Entry" for the account titles ar (a) The stock had a par value of $9.00 per share and was issued for a total of $48,500. (b) The stock had a stated...
E11.4 (LO 2) Osage Corporation issued 2,000 shares of stock. Instructions Prepare the entry for the...
E11.4 (LO 2) Osage Corporation issued 2,000 shares of stock. Instructions Prepare the entry for the issuance under the following assumptions. a. The stock had a par value of $5 per share and was issued for a total of $52,000. b. The stock had a stated value of $5 per share and was issued for a total of $52,000. c. The stock had no par or stated value and was issued for a total of $52,000. d. The stock had...
Sunland Company has issued 2,500 shares of common stock and 500 shares of preferred stock for...
Sunland Company has issued 2,500 shares of common stock and 500 shares of preferred stock for a lump sum of $94,000 cash Give the entry for the issuance assuming the par value of the common stock was $5 and the fair value $30, and the par value of the preferred stock was $40 and the fair value $50. (Each valuation is on a per share basis and there are ready markets for each stock.) (Credit account titles are automatically indented...
Bramble Corp. has issued 2,200 shares of common stock and 440 shares of preferred stock for...
Bramble Corp. has issued 2,200 shares of common stock and 440 shares of preferred stock for a lump sum of $83,000 cash. Part 1 Give the entry for the issuance assuming the par value of the common stock was $5 and the fair value $30, and the par value of the preferred stock was $40 and the fair value $50. (Each valuation is on a per share basis and there are ready markets for each stock.) (Credit account titles are...
Crane Company has issued 1,500 shares of common stock and 300 shares of preferred stock for a lump sum of $5...
Crane Company has issued 1,500 shares of common stock and 300
shares of preferred stock for a lump sum of $55,000 cash.
Give the entry for the issuance assuming the par value of the
common stock was $5 and the fair value $30, and the par value of
the preferred stock was $40 and the fair value $50. (Each valuation
is on a per share basis and there are ready markets for each
stock.) (Credit account titles are automatically
indented...
OURCES Concord Corporation issued 3,500 shares of stock Prepare the entry for the issuance under the following assumptions (Credit account titles are automaticalily Indented when amount is entered. Do not indeat manually. Round anwers t 0 decimal places, eg·5,6S.) 13-04 13-06 13-08 (a) The stock had a par value of $10 per share and was issued for a total of $53,500 (b) The stock had a stated value of $10 per share and was issued for a total of $53,500...
Exercise 11-4
Osage Corporation issued 2,500 shares of stock.
Prepare the entry for the issuance under the following assumptions.
(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 0 for the
amounts.)
(a)
The stock had a par value of $7 per share and was issued for a
total of $46,500.
(b)
The stock had a stated value of $7 per...
Cullumber Company issued 1,000 shares of common stock. Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amount is enter o decimal places, e.g. 5,675. If no entry is required, select "No Entry" for the account tities and enter for the amounts.) (a) The stock had a par value of $4.00 per share and was issued for a total of $45,000. (b) The stock had a stated value of $4.00 per share...
sage Corporation issued 4,050 shares of stock under the folowing assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually Round anssers to 0 decimal ple a) The stock had a par value of $7 per share and was issued for a total of $56,500. (b) The stock had a stated value of $7 per share and was issued for a total of $56,500. (c) The stock had no par or stated value and was...
gnment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN Blue Spruce Corp. issued 2,550 shares of stock. Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amou. manually. Round answers to o decimal places, e.g. 5,675. If no entry is required, select "No Entry" for the account titles ar (a) The stock had a par value of $9.00 per share and was issued for a total of $48,500. (b) The stock had a stated...
E11.4 (LO 2) Osage Corporation issued 2,000 shares of stock. Instructions Prepare the entry for the issuance under the following assumptions. a. The stock had a par value of $5 per share and was issued for a total of $52,000. b. The stock had a stated value of $5 per share and was issued for a total of $52,000. c. The stock had no par or stated value and was issued for a total of $52,000. d. The stock had...
Bramble Corp. has issued 2,200 shares of common stock and 440 shares of preferred stock for a lump sum of $83,000 cash. Part 1 Give the entry for the issuance assuming the par value of the common stock was $5 and the fair value $30, and the par value of the preferred stock was $40 and the fair value $50. (Each valuation is on a per share basis and there are ready markets for each stock.) (Credit account titles are...
Crane Company has issued 1,500 shares of common stock and 300
shares of preferred stock for a lump sum of $55,000 cash.
Give the entry for the issuance assuming the par value of the
common stock was $5 and the fair value $30, and the par value of
the preferred stock was $40 and the fair value $50. (Each valuation
is on a per share basis and there are ready markets for each
stock.) (Credit account titles are automatically
indented...
Most questions answered within 3 hours.
-
Nature Conservancy's leader abruptly steps
down.
One morning in October 2007, Steven. J. McCormick the president...
asked 26 seconds from now -
I asked a question similar to this one, which was answered
perfectly. Another practice problem is...
asked 8 minutes ago -
Rachel is studying cholesterol synthesis in mice. Some mice
had a mutation in their sterol regulatory...
asked 4 minutes ago -
Railco sells to its customers on account with terms of 2% / 5
/net 15. Ronco...
asked 12 minutes ago -
Refer to the following lease amortization schedule. The 10
payments are made annually starting with the...
asked 27 minutes ago -
Explain how God fits into Aquinas' theory of happiness.
asked 34 minutes ago -
1.1 With aid of diagrams and suitable examples discuss
the economic effects of price controls.
1.2...
asked 39 minutes ago -
When the nuclide polonium-214 undergoes alpha
decay:
The name of the product nuclide is .
The...
asked 53 minutes ago -
Q. The market demand function is D(Pd) = 160 - 2Pd and the
market supply function...
asked 58 minutes ago -
An unknown alcohol is analyzed by freezing point depression. The
unknown is either methanol (CH3OH), ethanol...
asked 59 minutes ago -
As a person inhales, air moves down the windpipe (bronchus),
through a constriction where the air...
asked 1 hour ago -
Youngchang Keyboard sells a $1400 keyboard on a monthly payment
plan over 2 years.
a) If...
asked 1 hour ago