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7. On January 3, Spartan Corporation purchased 1,900 shares of the...
7. On January 3, Halsall Corporation purchased 1,800 shares of the company's $1 par value common...
7. On January 3, Halsall Corporation purchased 1,800 shares of the company's $1 par value common stock as treasury stock, paying cash of $7 per share. On January 30, Halsall sold 1,100 shares of the treasury stock for cash of $8 per share Journalize these transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the purchase of the treasury stock Date Accounts and Explanation Credit Debit Jan. 3 Journalize the...
Please answer in similar format. 8. On July 1, Hagino Corporation declared a $2.00 per share...
Please answer in similar format.
8. On July 1, Hagino Corporation declared a $2.00 per share cash dividend on its common stock (25,000 shares) for stockholders on record as of July 15. Hagino paid the dividend on July 31. Journalize the entries declaring the cash dividend and paying the dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Journalize the entry declaring the cash dividend Date Accounts and Explanation Debit Credit...
Clearbon Manufacturing Co. completed the following transactions during 2018 (Click the icon to view the transactions.)...
Clearbon Manufacturing Co. completed the following transactions during 2018 (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Clearborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry Accounts and Explanation column and leave the remaining cells blank.) required, select "No entry required" on the first line of the Jan. 16: Declared a cash dividend on the 5 %, $99...
Halborn Manufacturing Co. completed the following transactions during 2018: i More Info Jan. Feb. Jun. Jul....
Halborn Manufacturing Co. completed the following transactions
during 2018:
i More Info Jan. Feb. Jun. Jul. 16 Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.30 per share dividend on the 90,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. 15 Paid the cash dividends. 10 Split common stock 2-for-1. 30 Declared a 40% stock dividend on...
On April 2 a corporation purchased for cash 7,000 shares of its own $11 par common...
On April 2 a corporation purchased for cash 7,000 shares of its own $11 par common stock at $20 a share. It sold 4,000 of the treasury shares at $32 a share on June 10. The remaining 3,000 shares were sold on November 10 for $25 a share. Required: (a) Joumalize the entries to record the purchase (Treasury stock is recorded at cost), (b) Journalize the entries to record the sale of the stock *Refer to the Chart of Accounts...
On January 1, 2020, the stockholders’ equity section of Blue Spruce Corporation shows common stock ($4...
On January 1, 2020, the stockholders’
equity section of Blue Spruce Corporation shows common stock ($4
par value) $1,200,000; paid-in capital in excess of par $1,030,000;
and retained earnings $1,190,000. During the year, the following
treasury stock transactions occurred.
Exercise 13-07 a-b On January 1, 2020, the stockholders' equity section of Blue Spruce Corporation shows common stock ($4 par value) $1,200,000; paid-in capital in excess of par $1,030,000; and retained earnings $1,190,000. During the year, the following treasury stock transactions...
Halbor Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the...
Halbor Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Halbom's general journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Date Jan. 16: Declared a cash dividend on the...
Debit Credit Mar. 4: Issued 20,000 shares of $1 par value common stock at $9 per...
Debit Credit Mar. 4: Issued 20,000 shares of $1 par value common stock at $9 per share. Date Accounts and Explanation Mar. 4 Cash Common Stock-$1 Par Value Paid In Capital in Excess of Par-Common 180,000 20,000 160,000 Issued common stock for cash. May 22: Purchased 1,200 shares of treasury stock-common at $11 per share. Date Accounts and Explanation May 22 Treasury Stock-Common Cash Debit Credit 13,200 13,200 Purchased treasury stock. Credit Sep. 22: Sold 600 shares of treasury stock-common...
Mar May 22 Purchased 1,500 shares of treasury stock -common at $15 per share. Sep. 22...
Mar May 22 Purchased 1,500 shares of treasury stock -common at $15 per share. Sep. 22 Sold 800 shares of treasury stock--common at $22 per share. Oct. 14 Sold 700 shares of treasury stock common at $8 per share. 4 Issued 26,000 shares of $1 par value common stock at $9 per share Print Done Stock transactions for Mr. Magoo Driving School, Inc. follow 6 (Click the icon to view the transactions.) Journalize the transactions. (Record debits first, then credits....
Clearbom Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the...
Clearbom Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Clearborn's general Journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table. I no entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank) Jan 16: Declared a cash dividend on the 4%,...
7. On January 3, Halsall Corporation purchased 1,800 shares of the company's $1 par value common stock as treasury stock, paying cash of $7 per share. On January 30, Halsall sold 1,100 shares of the treasury stock for cash of $8 per share Journalize these transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the purchase of the treasury stock Date Accounts and Explanation Credit Debit Jan. 3 Journalize the...
Please answer in similar format.
8. On July 1, Hagino Corporation declared a $2.00 per share cash dividend on its common stock (25,000 shares) for stockholders on record as of July 15. Hagino paid the dividend on July 31. Journalize the entries declaring the cash dividend and paying the dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Journalize the entry declaring the cash dividend Date Accounts and Explanation Debit Credit...
Clearbon Manufacturing Co. completed the following transactions during 2018 (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Clearborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry Accounts and Explanation column and leave the remaining cells blank.) required, select "No entry required" on the first line of the Jan. 16: Declared a cash dividend on the 5 %, $99...
Halborn Manufacturing Co. completed the following transactions
during 2018:
i More Info Jan. Feb. Jun. Jul. 16 Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.30 per share dividend on the 90,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. 15 Paid the cash dividends. 10 Split common stock 2-for-1. 30 Declared a 40% stock dividend on...
On April 2 a corporation purchased for cash 7,000 shares of its own $11 par common stock at $20 a share. It sold 4,000 of the treasury shares at $32 a share on June 10. The remaining 3,000 shares were sold on November 10 for $25 a share. Required: (a) Joumalize the entries to record the purchase (Treasury stock is recorded at cost), (b) Journalize the entries to record the sale of the stock *Refer to the Chart of Accounts...
On January 1, 2020, the stockholders’
equity section of Blue Spruce Corporation shows common stock ($4
par value) $1,200,000; paid-in capital in excess of par $1,030,000;
and retained earnings $1,190,000. During the year, the following
treasury stock transactions occurred.
Exercise 13-07 a-b On January 1, 2020, the stockholders' equity section of Blue Spruce Corporation shows common stock ($4 par value) $1,200,000; paid-in capital in excess of par $1,030,000; and retained earnings $1,190,000. During the year, the following treasury stock transactions...
Halbor Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Halbom's general journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Date Jan. 16: Declared a cash dividend on the...
Debit Credit Mar. 4: Issued 20,000 shares of $1 par value common stock at $9 per share. Date Accounts and Explanation Mar. 4 Cash Common Stock-$1 Par Value Paid In Capital in Excess of Par-Common 180,000 20,000 160,000 Issued common stock for cash. May 22: Purchased 1,200 shares of treasury stock-common at $11 per share. Date Accounts and Explanation May 22 Treasury Stock-Common Cash Debit Credit 13,200 13,200 Purchased treasury stock. Credit Sep. 22: Sold 600 shares of treasury stock-common...
Mar May 22 Purchased 1,500 shares of treasury stock -common at $15 per share. Sep. 22 Sold 800 shares of treasury stock--common at $22 per share. Oct. 14 Sold 700 shares of treasury stock common at $8 per share. 4 Issued 26,000 shares of $1 par value common stock at $9 per share Print Done Stock transactions for Mr. Magoo Driving School, Inc. follow 6 (Click the icon to view the transactions.) Journalize the transactions. (Record debits first, then credits....
Clearbom Manufacturing Co. completed the following transactions during 2018: i (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Clearborn's general Journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table. I no entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank) Jan 16: Declared a cash dividend on the 4%,...
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