Homework Answers
| Debit | Credit | |||
| a | Cash | 48500 | ||
| Common Stock | 22950 | =2550*9 | ||
| Paid-in Capital in Excess of Par value-Common Stock | 25550 | |||
| b | Cash | 48500 | ||
| Common Stock | 22950 | =2550*9 | ||
| Paid-in Capital in Excess of Stated Value-Common Stock | 25550 | |||
| c | Cash | 48500 | ||
| Common Stock | 48500 | |||
| d | Organization Expense | 48500 | ||
| Common Stock | 22950 | =2550*9 | ||
| Paid-in Capital in Excess of Par value-Common Stock | 25550 | |||
| e | Land | 48500 | ||
| Common Stock | 22950 | =2550*9 | ||
| Paid-in Capital in Excess of Par value-Common Stock | 25550 |
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gnment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN Blue Spruce Corp. issued 2,550 shares of stock. Prepare...
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...
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...
Lorporation issued 3,500 shares of stock. Prepare the entry for the issuance under the following assumptions....
Lorporation issued 3,500 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. Round answers to decimal places, e.g. 5,650.) (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. (e) The stock had no...
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...
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...
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...
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...
ssignment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION 4 BACK NEX CES it 2. 3....
ssignment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION 4 BACK NEX CES it 2. 3. Exercise 4-10 Wildhorse Co., opened an incorporated dental practice on January 1, 2017. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $740 of such services was completed but not yet billed to the insurance companies. Utility expenses incurred but not paid prior to January 31 totaled $850. Purchased dental...
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...
ractice Assignment Gradebook ORION Downloadable eTextbook gnment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT On July...
ractice Assignment Gradebook ORION Downloadable eTextbook gnment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT On July 1, 2017, Oriole Company Ltd. pays £18,000 to Orlow Insurance Ltd. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Oriole Company Ltd., journalize and post the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order...
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...
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...
Lorporation issued 3,500 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. Round answers to decimal places, e.g. 5,650.) (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. (e) The stock had no...
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...
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...
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...
ssignment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION 4 BACK NEX CES it 2. 3. Exercise 4-10 Wildhorse Co., opened an incorporated dental practice on January 1, 2017. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $740 of such services was completed but not yet billed to the insurance companies. Utility expenses incurred but not paid prior to January 31 totaled $850. Purchased dental...
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...
ractice Assignment Gradebook ORION Downloadable eTextbook gnment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT On July 1, 2017, Oriole Company Ltd. pays £18,000 to Orlow Insurance Ltd. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Oriole Company Ltd., journalize and post the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order...
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