Question 5 /1 View Policles Current Attempt in Progress Pina Corporation made the following cash purchases...
Ivanhoe Corporation made the following cash purchases of securities during 2020, which is the first year in which Ivanhoe invested in securities. 1. On January 15, purchased 11,600 shares of Sanchez Company's common stock at $33.50 per share plus commission $2,304. 2. On April 1, purchased 5,800 shares of Vicario Co's common stock at $52 per share plus commission $3,902. 3. On September 10, purchased 8,120 shares of WTA Co's preferred stock at $26.50 per share plus commission $5,692. On...
Tamarisk Corporation made the following cash purchases of securities during 2020, which is the first year in which Tamarisk invested in securities. 1. On January 15, purchased 8,000 shares of Sanchez Company's common stock at $33.50 per share plus commission $1,584. 2. On April 1, purchased 4,000 shares of Vicario Cois common stock at $52 per share plus commission $2,696. 3. On September 10, purchased 5,600 shares of WTA Cois preferred stock at $26.50 per share plus commission $3,928. On...
Whispering Corporation made the following cash purchases of securities during 2020, which is the first year in which Whispering invested in securities. 1. 2. 3. On January 15, purchased 8,800 shares of Sanchez Company's common stock at $33.50 per share plus commission $1,744. On April 1, purchased 4,400 shares of Vicario Co.'s common stock at $52 per share plus commission $2,964. On September 10, purchased 6,160 shares of WTA Co.'s preferred stock at $26.50 per share plus commission $4,320. On...
*Exercise 17-11 Weterway Curpuration made the following cesh purchases of securities during 2017, which is the first year in which Waterwey invested in securities. 1. On January 15, purchased 10,180 shares of Sanchez Campany's common stock at $46.90 per share plus commission $2,160. 2. On April 1, purchased 5,180 shares of Vicaria Co.'s common stock at $72.80 par share plus commission $3,550. 3. On September 10, purchased 7,180 shares of WTA Co.'s preferred stock at $37.10 per share plus commission...
Exercise 17-11 (Part Level Submission) Vaughn Corporation made the following cash purchases of securities during 2020, which is the first year in which Vaughn invested in securities. 1. On January 15, purchased 8,800 shares of Sanchez Company’s common stock at $33.50 per share plus commission $1,744. 2. On April 1, purchased 4,400 shares of Vicario Co.’s common stock at $52 per share plus commission $2,964. 3. On September 10, purchased 6,160 shares of WTA Co.’s preferred stock at $26.50 per...
Vaughn Corporation made the following cash purchases of securities during 2020, which is the first year in which Vaughn invested in securities. 1. On January 15, purchased 8,800 shares of Sanchez Company’s common stock at $33.50 per share plus commission $1,744. 2. On April 1, purchased 4,400 shares of Vicario Co.’s common stock at $52 per share plus commission $2,964. 3. On September 10, purchased 6,160 shares of WTA Co.’s preferred stock at $26.50 per share plus commission $4,320. On...
Exercise 9-11 Bramble Corporation made the following purchases of investments during 2017, the first year in which Bramble invested in equity securities: 1. On January 15, purchased 8,640 shares of Nirmala Corp.s common shares at $32.16 per share plus commission of $1,901 2. On April 1, purchased 4,800 shares of Oxana Corp.'s common shares at $50 per share plus commission of $3,235. 3. On September 10, purchased 6,720 shares of WTA Corp.s preferred shares at $25.44 per share plus commission...
Pina Corporation has outstanding 20,000 shares of $5 par value common stock. On August 1, 2020, Pina reacquired 220 shares at $86 per share. On November 1, Pina reissued the 220 shares at $77 per share. Pina had no previous treasury stock transactions. Prepare Pina's journal entries to record these transactions using the cost method. (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...
Pina Colada Corporation purchased 1,050 common shares of Nolan Inc. common stock for $14,600 (Pina Colada does not have significant influence). During the year, Nolan paid a cash dividend of $3.90 per share. At year end, Nolan stock was selling for $35.20 per share. Prepare Pina Colada’s journal entry to record the purchase of the investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for...
Question 7 View Policies Current Attempt in Progress On June 1, Cullumber Company issues 2,500 shares of no-par common stock at a cash price of $5 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. (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 O for the amounts.) Date Account Titles...