No. |
Account Titles and Explanation |
Debit |
Credit |
(a) |
Cash (4600*$48 -8100) |
$212700 |
|
Common Stock (4600 Shares x $5 par value) |
$23000 |
||
Additional Paid in Capital |
$189700 |
||
(b) |
Land |
48000 |
|
Common Stock (1000*5) |
5000 | ||
Additional Paid in Capital |
43000 |
||
(c) |
Treasury Stock (490*45) |
22050 | |
Cash |
22050 | ||
Cash (490*42) |
20580 | ||
Retained Earnings |
1470 | ||
Treasury Stock (490*45) |
22050 |
Kingbird Corporation is authorized to issue 48,000 shares of $5 par value common stock. During 2017,...
Exercise 15-6 Monty Corporation is authorized to issue 53,000 shares of $5 par value common stock. During 2017, Monty took part in the following selected transactions. 1. Issued 5,100 shares of stock at $49 per share, less costs related to the issuance of the stock totaling $6,800. 2. Issued 1,100 shares of stock for land appraised at $53,000. The stock was actively traded on a national stock exchange at approximately $50 per share on the date of issuance. 3. Purchased...
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(stock issuances and repurchase) Lindsey Hunter Corporation is authorized to issue 50,000 shares of $5 par value common stock. During 2017, Lindsey Hunter took part in the following selected transactions. 1) issued 5,000 shares of stock at $45 per share, less costs related to the issuance of the stock totaling $7,000 2) issued 1,000 shares of stock for land appraised at $50,000. The stock was actively traded on a national stock exchange at approximately $46 per share on the date...
lus.com/edugen/student/mainfr.uni S Kieso, Intermediate Accounting, 16e INTERMEDIATE ACCo Sunland Corporation is authorized to issue 53,000 shares of $5 par value common stock. During 2017, Sunland took part in the following selected transactions 1. Issued 5,300 shares of stock at $48 per share, less costs related to the issuance of the stock totaling $4.900, 2. Issued 1,100 shares of stock for land appraised at $53,000. The stock was actively traded on a national stock exchange at approximately $49 per share on...
E15-6 (Stock Issuances and Repurchase) Lindsey Hunter Corporation is authorized to issue 50,000 shares of $5 par value common stock. During 2014, Lindsey Hunter took part in the following selected transactions. 1. Issued 5,000 shares of stock at $45 per share, less costs related to the issuance of the stock totaling $7,000. 2. Issued 1,000 shares of stock for land appraised at $50,000. The stock was actively traded on a national stock exchange at approximately $46 per share on the...
E15-6 (L01,2) (Stock Issuances and Repurchase) Lindsey Hunter Corporation is authorized to issue 5 value common stock. During 2017, Lindsey Hunter took part in the following selected transactions. 1. Issued 5,000 shares of stock at $45 per share la "stock at $45 per share, less costs related to the issuance of the stock totaling $7,000. masts related to the issuance of the stock te 2. Issued 1,000 shares of stock for land appraised at $50.000. The stock was actively traded...
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