Homework Answers
Journal entry
| No | General Journal | Debit | Credit |
| a | Treasury stock (48000*25) | 1200000 | |
| Cash | 1200000 | ||
| b | Cash (24000*28) | 672000 | |
| Treasury stock (24000*25) | 600000 | ||
| Paid in capital from sale of treasury stock | 72000 | ||
| c | Cash (18000*194) | 3492000 | |
| Preferred stock (18000*175) | 3150000 | ||
| Paid in capital in excess of par value-Common Stock | 342000 | ||
| d | Cash (80000*23) | 1840000 | |
| Common Stock (80000*20) | 1600000 | ||
| Paid in capital in excess of par value-Common Stock | 240000 | ||
| e | Cash (16000*23) | 368000 | |
| Paid in capital from sale of treasury stock | 32000 | ||
| Treasury stock | 400000 | ||
| f | Cash dividend (185500+19320) | 204820 | |
| Cash dividend payable | 204820 | ||
| g | Cash dividend payable | 204820 | |
| cash | 204820 | ||
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eBook Show Me How Calculator Print Item Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells...
eBook Show Me How Calculator Print Item Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells...
eBook Show Me How Calculator Print Item Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $150 par (50,000 shares authorized, 25,000 shares issued) $3,750,000 Paid-In Capital in Excess of Par-Preferred Stock 750,000 Common Stock, $25 par (500,000 shares authorized, 260,000 shares issued) 6,500,000 Paid-In Capital in Excess of Par-Common...
15,750,000 Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in...
15,750,000 Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $80 par (100,000 shares authorized, $4,800,000 60,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock 210,000 Common Stock, $9 par (3,000,000 shares authorized, 1,750,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings 52,840,000 During the year,...
need all steps Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding...
need all steps
Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Tilinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $125 par (40,000 shares authorized, 20,000 shares issued) $2,500,000 Pald-In Capital in Excess of Par-Preferred Stock 300,000 Common Stock, $10 par (600,000 shares authorized, 310,000 shares issued) 3,100,000 Pald-in Capital in Excess of Par-Common Stock 400,000 Retained Earnings...
Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois....
Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $125 par (90,000 shares authorized, 45,000 shares issued) $5,625,000 Paid-In Capital in Excess of Par—Preferred Stock 675,000 Common Stock, $10 par (800,000 shares authorized, 200,000 shares issued) 2,000,000 Paid-In Capital in Excess of Par—Common Stock 260,000 Retained Earnings 18,147,000 During the...
Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois....
Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $100 par (50,000 shares authorized, 25,000 shares issued) $2,500,000 Paid-In Capital in Excess of Par—Preferred Stock 300,000 Common Stock, $15 par (800,000 shares authorized, 260,000 shares issued) 3,900,000 Paid-In Capital in Excess of Par—Common Stock 510,000 Retained Earnings 15,285,000 During the...
Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois....
Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $200 par (70,000 shares authorized, 35,000 $7,000,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock 1,400,000 Common Stock, $20 par (800,000 shares authorized, 260,000 5,200,000 shares issued) Paid-In Capital in Excess of Par-Common Stock 680,000 Retained Earnings 30,274,000 During the...
Selected Stock Transactions A Corporation sells and services pipe welding equipment. The following selected accounts appear...
Selected Stock Transactions A Corporation sells and services pipe welding equipment. The following selected accounts appear in the ledger of the corporation at the beginning of the current year: Preferred 2% Stock, $100 par (50,000 shares authorized, 25,000 shares issued) $2,500,000 Paid-In Capital in Excess of Par—Preferred Stock 300,000 Common Stock, $15 par (800,000 shares authorized, 260,000 shares issued) 3,900,000 Paid-In Capital in Excess of Par—Common Stock 510,000 Retained Earnings 15,285,000 During the year, the corporation completed a number of...
... Daley Welding Corporation sells and services pipe welding equipment in Illinois. The following selected accounts...
... Daley Welding Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Daley Welding Corporation on May 1, 2012, the beginning of the current fiscal year: Preferred 2% Stock, $40 par (50,000 shares authorized, 40,000 shares issued) .... ..... $ 1,600,000 Paid-In Capital in Excess of Par-Preferred Stock 240,000 Common Stock, $8 par (1,000,000 shares authorized, 750,000 shares issued)... 6,000,000 Paid-In Capital in Excess of Par--Common Stock ........ 2,500,000 Retained Earnings...
Selected Stock Transactions The following selected accounts appear in the ledger of Parks Construction Inc. at...
Selected Stock Transactions The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: Preferred 2% Stock, $125 par (70,000 shares authorized, 35,000 shares issued) $4,375,000 Paid-In Capital in Excess of Par—Preferred Stock 700,000 Common Stock, $25 par (800,000 shares authorized, 320,000 shares issued) 8,000,000 Paid-In Capital in Excess of Par—Common Stock 1,040,000 Retained Earnings 29,924,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are...
Calculator Preferred 24 Stock, $200 par (70,000 shares authorized, 35,000 shares issued) $7,000,000 Pald-In Capital in...
Calculator Preferred 24 Stock, $200 par (70,000 shares authorized, 35,000 shares issued) $7,000,000 Pald-In Capital in Excess of Par-Preferred Stock 340,000 Common Stock, $20 par (500,000 shares authorized, 310,000 shares issued) 6,200,000 Pald-in Capital in Excess of Par-Common Stock 810,000 Retained Earnings 31,482,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 50,000 shares of common stock at $27, receiving cash. b. Issued 18,000 shares of preferred 2%...
eBook Show Me How Calculator Print Item Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $150 par (50,000 shares authorized, 25,000 shares issued) $3,750,000 Paid-In Capital in Excess of Par-Preferred Stock 750,000 Common Stock, $25 par (500,000 shares authorized, 260,000 shares issued) 6,500,000 Paid-In Capital in Excess of Par-Common...
15,750,000 Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $80 par (100,000 shares authorized, $4,800,000 60,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock 210,000 Common Stock, $9 par (3,000,000 shares authorized, 1,750,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings 52,840,000 During the year,...
need all steps
Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Tilinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $125 par (40,000 shares authorized, 20,000 shares issued) $2,500,000 Pald-In Capital in Excess of Par-Preferred Stock 300,000 Common Stock, $10 par (600,000 shares authorized, 310,000 shares issued) 3,100,000 Pald-in Capital in Excess of Par-Common Stock 400,000 Retained Earnings...
Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $200 par (70,000 shares authorized, 35,000 $7,000,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock 1,400,000 Common Stock, $20 par (800,000 shares authorized, 260,000 5,200,000 shares issued) Paid-In Capital in Excess of Par-Common Stock 680,000 Retained Earnings 30,274,000 During the...
... Daley Welding Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Daley Welding Corporation on May 1, 2012, the beginning of the current fiscal year: Preferred 2% Stock, $40 par (50,000 shares authorized, 40,000 shares issued) .... ..... $ 1,600,000 Paid-In Capital in Excess of Par-Preferred Stock 240,000 Common Stock, $8 par (1,000,000 shares authorized, 750,000 shares issued)... 6,000,000 Paid-In Capital in Excess of Par--Common Stock ........ 2,500,000 Retained Earnings...
Calculator Preferred 24 Stock, $200 par (70,000 shares authorized, 35,000 shares issued) $7,000,000 Pald-In Capital in Excess of Par-Preferred Stock 340,000 Common Stock, $20 par (500,000 shares authorized, 310,000 shares issued) 6,200,000 Pald-in Capital in Excess of Par-Common Stock 810,000 Retained Earnings 31,482,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 50,000 shares of common stock at $27, receiving cash. b. Issued 18,000 shares of preferred 2%...
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