Homework Answers
Ans:
C.
| Date | Accounts and Explanation | Debit | Credit |
| Cash | $1,600,000 | ||
| Common Stock-$0.10 Par Value | $40,000 | ||
| Paid in Capital in Excess of Par-Common | $1,560,000 |
The Entry for Issuance of 400,000 shares of Common Stock at Par value of $0.10 for $4 Per Share and The Value in Excess of Par value is credited to the Paid in capital in excess of Par common Stock.and Cash is received so it Should be debited and Common Stock account should always be credited .
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This 4 pts 3 of 25 (o 워 and OA 40,000 n Excess of Par-Commorn 1,600,000...
Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization...
Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 225.000 Check 45,000 190.000 150.000 60.000 Cash Accounts Receivable Bailding Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Valve Commons Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 45,500 16,000 82.700 59,700 54,500 30.000 134.000 77.000 57.000...
Connon stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,00 100,00...
Connon stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,00 100,000 340,000 In the fourth quarter, the following entries related to its equity are recorded. Date Oct. 2 Credit General Journal Retained Earnings Common Dividend Payable Debit 60,000 60,000 Oct. 25 Common Dividend Payable Cash 60,000 60,000 Oct. 31 83,000 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Conmon Stock 40,000 43,000 Nov. 5 Common Stock Dividend...
The formula needed to compute "additional paid-in capital in excess of par" is: OA. number of...
The formula needed to compute "additional paid-in capital in excess of par" is: OA. number of shares of stock times selling price per share of stock B. number of shares of stock times (selling price per share - par value per share). C. number of shares of stock times (selling price per share + par value per share). D. number of shares of stock times par value per share of stock
Question 9 3 pts 1,000 shares of common stock with a par value of $5 is...
Question 9 3 pts 1,000 shares of common stock with a par value of $5 is sold for $8. Which of the following is correct: A. Cash is debited for $5,000 B. Common Stock is debited for $5,000 C. Paid in Capital in Excess of Paris credited for $3,000 D. Common Stock is credited for $8,000 Clied for 90
1 Problems General Journal Debit 299,000 Credit Common Stock, $25 Par Value Paid In Capital in...
1 Problems General Journal Debit 299,000 Credit Common Stock, $25 Par Value Paid In Capital in Excess of Par Value, Common Stock 215,000 55,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 170,000 128,000 42,00 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paldin Capital in Excess of Par Value, Common Stock 45,500 17.500 32,700 59,800 55,90 30,000 d. Cash C ostock, 525 Par Value Paldin Capital in Excess...
rieieleu OLULA, IUU pai USu,U00 Paid-In Capital in Excess of Par--Preferred Common Stock, $1 par Paid-In...
rieieleu OLULA, IUU pai USu,U00 Paid-In Capital in Excess of Par--Preferred Common Stock, $1 par Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity 45,000 260,000 560,000 151,500 $1,606,500 What was the averane.issue.nrice.of.the.common.stock.shares?.(Round.vour.ansMIor.to the nearest.cent OA. $2.15 O B. $3.15 O C. $1.79 O D. $1.00 Ce Click to select your answer.
Common Stock, $5.00 par, 207,000 shares authorized, 172,000 shares issued Paid in Capital in Excess of...
Common Stock, $5.00 par, 207,000 shares authorized, 172,000 shares issued Paid in Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $860,000 205,000 229,000 $1.294,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common O A Retained Earnings is debited for $580,000 CIO B. Paid - In Capital from Treasury Stock Transactions is credited for $300,000 O C. Treasury Stock-Common is debited for $580,000 O D. Common Stock-$5.00...
2. A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues...
2. A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 4-for-1 stock split, the number of shares outstanding after the split will be A. 160,000 shares B. 40,000 shares C. 120,000 shares D. 10,000 shares
Suppose Quality Home Imports issued 300,000 shares of $0.02 par common stock at $4 per share....
Suppose Quality Home Imports issued 300,000 shares of $0.02 par common stock at $4 per share. Which journal entry correctly records the issuance of this stock? Date Accounts and Explanation Debit Credit O A. Common Stock—$0.02 Par Value 1,200,000 Cash 6,000 1,194,000 Paid-In Capital in Excess of Par-Common | 1,200,000 Cash Common Stock—$0.02 Par Value Paid-In Capital in Excess of Par-Common 6,000 1,194,000 OC. Common Stock—$0.02 Par Value 1,200,000 Cash 1,200,000 D. 1,200,000 Cash Common Stock—$0.02 Par Value 1,200,000
What is the answer to this question? - 6 25 13-3 ssuance of par and stated...
What is the answer to this question?
- 6 25 13-3 ssuance of par and stated alue common stock P1 Prepare the journal entry to record Jevonte Company's issuance of 36,000 shares of its common stock as- suming the shares have a a. $2 par value and sell for $18 cash per share. b. $2 stated value and sell for $18 cash per share.
Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 225.000 Check 45,000 190.000 150.000 60.000 Cash Accounts Receivable Bailding Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Valve Commons Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 45,500 16,000 82.700 59,700 54,500 30.000 134.000 77.000 57.000...
Connon stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,00 100,000 340,000 In the fourth quarter, the following entries related to its equity are recorded. Date Oct. 2 Credit General Journal Retained Earnings Common Dividend Payable Debit 60,000 60,000 Oct. 25 Common Dividend Payable Cash 60,000 60,000 Oct. 31 83,000 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Conmon Stock 40,000 43,000 Nov. 5 Common Stock Dividend...
The formula needed to compute "additional paid-in capital in excess of par" is: OA. number of shares of stock times selling price per share of stock B. number of shares of stock times (selling price per share - par value per share). C. number of shares of stock times (selling price per share + par value per share). D. number of shares of stock times par value per share of stock
Question 9 3 pts 1,000 shares of common stock with a par value of $5 is sold for $8. Which of the following is correct: A. Cash is debited for $5,000 B. Common Stock is debited for $5,000 C. Paid in Capital in Excess of Paris credited for $3,000 D. Common Stock is credited for $8,000 Clied for 90
1 Problems General Journal Debit 299,000 Credit Common Stock, $25 Par Value Paid In Capital in Excess of Par Value, Common Stock 215,000 55,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 170,000 128,000 42,00 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paldin Capital in Excess of Par Value, Common Stock 45,500 17.500 32,700 59,800 55,90 30,000 d. Cash C ostock, 525 Par Value Paldin Capital in Excess...
rieieleu OLULA, IUU pai USu,U00 Paid-In Capital in Excess of Par--Preferred Common Stock, $1 par Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity 45,000 260,000 560,000 151,500 $1,606,500 What was the averane.issue.nrice.of.the.common.stock.shares?.(Round.vour.ansMIor.to the nearest.cent OA. $2.15 O B. $3.15 O C. $1.79 O D. $1.00 Ce Click to select your answer.
Common Stock, $5.00 par, 207,000 shares authorized, 172,000 shares issued Paid in Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $860,000 205,000 229,000 $1.294,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common O A Retained Earnings is debited for $580,000 CIO B. Paid - In Capital from Treasury Stock Transactions is credited for $300,000 O C. Treasury Stock-Common is debited for $580,000 O D. Common Stock-$5.00...
2. A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 4-for-1 stock split, the number of shares outstanding after the split will be A. 160,000 shares B. 40,000 shares C. 120,000 shares D. 10,000 shares
Suppose Quality Home Imports issued 300,000 shares of $0.02 par common stock at $4 per share. Which journal entry correctly records the issuance of this stock? Date Accounts and Explanation Debit Credit O A. Common Stock—$0.02 Par Value 1,200,000 Cash 6,000 1,194,000 Paid-In Capital in Excess of Par-Common | 1,200,000 Cash Common Stock—$0.02 Par Value Paid-In Capital in Excess of Par-Common 6,000 1,194,000 OC. Common Stock—$0.02 Par Value 1,200,000 Cash 1,200,000 D. 1,200,000 Cash Common Stock—$0.02 Par Value 1,200,000
What is the answer to this question?
- 6 25 13-3 ssuance of par and stated alue common stock P1 Prepare the journal entry to record Jevonte Company's issuance of 36,000 shares of its common stock as- suming the shares have a a. $2 par value and sell for $18 cash per share. b. $2 stated value and sell for $18 cash per share.
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