Answer:
Date | Accounts & Explanation | Debit ($) | Credit ($) |
Oct 6 | Cash (500 Shares * $110) | 55,000 | |
preferred stock (500 Shares * $100) | 50,000 | ||
Paid in capital in excess of par-preferred stock | 5,000 | ||
(To record issuance of preferred stock) | |||
Oct 9 | Cash | 60,000 | |
Common stock (10,000 Shares * $4) | 40,000 | ||
Paid in capital in excess of par- common stock | 20,000 | ||
(To record issuance of shares) |
both dates i need help with B-Wireless Wireless needed additional capital to expand, so the business...
i need help with both dates
B-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Wireless to issue 60,000 shares of 6%, $100 par value cumulative preferred stock and 150,000 shares of $4 par value common stock. During the first month, B-Wireless completed the following transactions: i (Click the icon to view the transactions.) Read the requirements. Oct. 10: Declared a $15,000 cash dividend for stockholders of record on Oct....
B-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Wireless to issue 60,000 shares of 6%, $100 par value cumulative preferred stock and 150,000 shares of $4 par value common stock. During the first month, B-Wireless completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last...
P13-41A (similar to) Question Help A-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A-Mobile to issue 80,000 shares of 8 %, $50 par value cumulative preferred stock and 160,000 shares of $4 par value common stock. During the first month, A-Mobile completed the following transactions: (Click the icon to view the transactions.) Read the tequirements Paid cash dividend. Requirement 2. Prepare the stockholders' equity section of A-Mobile's balance sheet...
P13-41A (similar to) Question Help A-Mobile Wireless needed additional capital to expand, so the business incorporated The charter from the state of Georgia authorizes A-Mobile to issue 80,000 shares of 8 %, $50 par value cumulative preferred stock and 160,000 shares of $4 par value common stock. During the first month, A-Mobile completed the following transactions: (Click the icon to view the transactions) Read the requirements Date Accounts and Explanation Debit Credit Oct. 9 Cash 85,000 Common Stock-$4 Par Value...
Question Help A-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A-Mobile to issue 80,000 shares of 8 %, $50 par value cumulative preferred stock and 160,000 shares of $4 par value common stock. During the first month, A-Mobile completed the following transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation...
A−Cell Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A−Cell to issue 120,000 shares of 8%, $150 par value cumulative preferred stock and 130,000 shares of $4 par value common stock. During the first month, A−Cell completed the following transactions: OCT. 2 Issued 25,000 shares of common stock for a building with a market value of $130,000 6. Issued 650 shares of preferred stock for $160 per share. 9. Issued...
please explain the second portion
D - Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D - Mobile to issue 50,000 shares of 8%, $50 par value cumulative preferred stock and 160,000 shares of $4 par value common stock. During the first month, D-Mobile completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in the general journal. (Record debits...
B-
Mobile Wireless needed additional capital to expand, so bisuness
incorporated. The charter from state of Georgia authorized B-Mobile
to issue $80,000 shares of 9%, $50 par value cumulative preferred
stock and $170,000 shares of $4 par value common stock. During the
first month, B-Mobile completed the following transactions:
Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Oct. 2: Issued 23,000 shares...
B-
Mobile Wireless needed additional captital to expand, so the
business incorporated. The charter from state of Georgia authorized
B- Mobile to issue $80,000 shares of 9%, $50 par value cumulative
preferred stock and 170,000 shares of $4 par value common stock.
During the first month, B- Mobile completed the following
transactions:
i More Info Oct. 2 Issued 23,000 shares of common stock for a building with a market value of $140,000. 6 Issued 700 shares of preferred stock for...
P13-41A (similar to) C-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authors C-Mobile to 80,000 shares of 8,550 par value cumulative preferred stock and 100,000 shares of $2 par value common stock. During the first month, C-Mobile completed the following transactions Click the loon to view the transactions) Read the requirements Requirement 1. Record the transactions in the general journal (Record debits first, then credits Select the explanation on the...