Answer | |||
Journal entries | |||
Date | Account titles & Explanations | Debit | Credit |
01-Feb | Cash | $ 122,000 | |
common stock | $ 26,000 | ||
paid in capital in excess of stated value | $ 96,000 | ||
14-Apr | Cash | $ 33,700 | |
Treasury stock (5700*5) | $ 28,500 | ||
paid in in excesss for treasury stock | $ 5,200 | ||
03-Sep | patent | $ 34,700 | |
common stock | $ 5,100 | ||
paid in capital in excess of stated value | $ 29,600 | ||
10-Nov | Treasury stock | $ 5,700 | |
cash | $ 5,700 | ||
31-Dec | income summary | $ 480,000 | |
retained earnings | $ 480,000 | ||
Problem 13-03A a-c (Part Level Submission) (Video) The stockholders' equity accounts of Riverbed Corporation on January...
Problem 13-03A a-c (Part Level Submission) (Video) The stockholders' equity accounts of Riverbed Corporation on January 1, 2020, were as follows. (b) Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Use 35 for the posting reference.) in the previous part.) Preferred Stock (8%, $50 par, 10,500 shares authorized) Common Stock ($1 stated value, 2,100,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock...
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The stockholders’ equity accounts of Bramble Corporation on January 1, 2020, were as follows. Preferred Stock (8%, $48 par, 10,000 shares authorized) $ 384,000 Common Stock ($1 stated value, 2,050,000 shares authorized) 1,500,000 Paid-in Capital in Excess of Par—Preferred Stock 140,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,450,000 Retained Earnings 1,750,000 Treasury Stock (10,500 common shares) 52,500 During 2020, the corporation had the following transactions and events pertaining to its stockholders’ equity. Feb. 1 Issued 25,000 shares of common...
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