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Question 7 View Policies Current Attempt in Progress On June 1, Cullumber Company issues 2,500 shares...
Question 8 View Policies Current Attempt in Progress Grouper Inc.'s $9 par value common stock is...
Question 8 View Policies Current Attempt in Progress Grouper Inc.'s $9 par value common stock is actively traded at a market price of $15 per share. Grouper issues 4,900 shares to purchase land advertised for sale at $89,500. Journalize the issuance of the stock in acquiring the land. (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.)...
On June 1, Larkspur, Inc. issues 2,200 shares of no-par common stock at a cash price...
On June 1, Larkspur, Inc. issues 2,200 shares of no-par common stock at a cash price of $9 per share. Journalize the issuance of the shares. (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 enter0 for the amounts.) Date Account Titles and Explanation Debit Credit June 1
On June 1, Shamrock, Inc. issues 2,600 shares of no-par common stock at a cash price...
On June 1, Shamrock, Inc. issues 2,600 shares of no-par common stock at a cash price of $8 per share. Journalize the issuance of the shares. (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 for the amounts.) Date Account Titles and Explanation Debit Credit June 1
Question 8 View Policies Current Attempt in Progress Concord Corporation has 41,500 shares of $12 par...
Question 8 View Policies Current Attempt in Progress Concord Corporation has 41,500 shares of $12 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $18. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent...
On June 1, Metlock, Inc. issues 2.400 shares of no-par common stock at a cash price...
On June 1, Metlock, Inc. issues 2.400 shares of no-par common stock at a cash price of $ 5 per share. Journalize the issuance of the shares. (Credit account titles are automatically Indented when amount is entered. Do not indent manually Itf no entry is required, select No Entry' for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit June 1
Question 15 View Policies Current Attempt in Progress On October 10, the board of directors of...
Question 15 View Policies Current Attempt in Progress On October 10, the board of directors of Pinto Corporation declared a 10% stock dividend. On October 10, the company had 10,000 shares of $1 par common stock issued and outstanding with a market price of $16 per share. The stock dividend will be distributed on October 31 to shareholders of record on October 25. Journalize the entries needed for the declaration and distribution of the stock dividend. (Credit account titles are...
On June 1, Tucker Inc. issues 3,000 shares of no-par common stock at a cash price...
On June 1, Tucker Inc. issues 3,000 shares of no-par common
stock at a cash price of $7 per share.
Journalize the issuance of the shares. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually.)
Date
Account Titles and Explanation
Debit
Credit
June 1
View Policies Current Attempt in Progress Cullumber Company has the following portfolio of investment securities at...
View Policies Current Attempt in Progress Cullumber Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (5,500 shares) Monty, Inc. preferred (3,830 shares) Oakwood Corp.common (980 shares) Cost $236,500 141,710 179,340 Fair Value $221,790 149,280 178,430 On October 10, 2020, the Horton shares were sold at a price of $52 per share. In addition, 3,170 shares of Patriot common stock were acquired at $53 per share on...
Question 4 of 7 View Policies Current Attempt in Progress Ayayai Corp. has the following transactions...
Question 4 of 7 View Policies Current Attempt in Progress Ayayai Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,000. Pays insurance in advance for 3 months, $1,000 16 Receives $700 from clients for services rendered. 27 Pays the secretary $450 salary. 4 Journalize the transactions. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account...
Thank you! Question 13 View Policies Current Attempt in Progress Presented below is information related to...
Thank you!
Question 13 View Policies Current Attempt in Progress Presented below is information related to Wyrick Company 2 1 The company is granted a charter that authorizes issuance of 15.000 shares of $100 par value preferred stock and 40,000 shares of no par common stock 9,000 shares of common stock we issued to the founders of the corporation for land valued by the board of directors at $320,000. The board establishes a stated value of $10 a share for...
Question 8 View Policies Current Attempt in Progress Grouper Inc.'s $9 par value common stock is actively traded at a market price of $15 per share. Grouper issues 4,900 shares to purchase land advertised for sale at $89,500. Journalize the issuance of the stock in acquiring the land. (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.)...
On June 1, Larkspur, Inc. issues 2,200 shares of no-par common stock at a cash price of $9 per share. Journalize the issuance of the shares. (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 enter0 for the amounts.) Date Account Titles and Explanation Debit Credit June 1
On June 1, Shamrock, Inc. issues 2,600 shares of no-par common stock at a cash price of $8 per share. Journalize the issuance of the shares. (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 for the amounts.) Date Account Titles and Explanation Debit Credit June 1
Question 8 View Policies Current Attempt in Progress Concord Corporation has 41,500 shares of $12 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $18. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent...
On June 1, Metlock, Inc. issues 2.400 shares of no-par common stock at a cash price of $ 5 per share. Journalize the issuance of the shares. (Credit account titles are automatically Indented when amount is entered. Do not indent manually Itf no entry is required, select No Entry' for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit June 1
Question 15 View Policies Current Attempt in Progress On October 10, the board of directors of Pinto Corporation declared a 10% stock dividend. On October 10, the company had 10,000 shares of $1 par common stock issued and outstanding with a market price of $16 per share. The stock dividend will be distributed on October 31 to shareholders of record on October 25. Journalize the entries needed for the declaration and distribution of the stock dividend. (Credit account titles are...
On June 1, Tucker Inc. issues 3,000 shares of no-par common
stock at a cash price of $7 per share.
Journalize the issuance of the shares. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually.)
Date
Account Titles and Explanation
Debit
Credit
June 1
View Policies Current Attempt in Progress Cullumber Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (5,500 shares) Monty, Inc. preferred (3,830 shares) Oakwood Corp.common (980 shares) Cost $236,500 141,710 179,340 Fair Value $221,790 149,280 178,430 On October 10, 2020, the Horton shares were sold at a price of $52 per share. In addition, 3,170 shares of Patriot common stock were acquired at $53 per share on...
Question 4 of 7 View Policies Current Attempt in Progress Ayayai Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,000. Pays insurance in advance for 3 months, $1,000 16 Receives $700 from clients for services rendered. 27 Pays the secretary $450 salary. 4 Journalize the transactions. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account...
Thank you!
Question 13 View Policies Current Attempt in Progress Presented below is information related to Wyrick Company 2 1 The company is granted a charter that authorizes issuance of 15.000 shares of $100 par value preferred stock and 40,000 shares of no par common stock 9,000 shares of common stock we issued to the founders of the corporation for land valued by the board of directors at $320,000. The board establishes a stated value of $10 a share for...
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