To expand operations, Aragon Consulting issued 1,000 shares of previously unissued common stock with a par value of $1.
To expand operations, Aragon Consulting issued 1,000 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share.
Required:
1-a. Complete the table below, indicating the account, amount, and direction of the effect for the stock issuance.
1-b. Prepare the journal entry for the stock issuance.
2-a. Complete the table below, indicating the account, amount, and direction of the effect for the stock issuance with a par value of $2
2-b. Prepare the journal entry for the stock issuance, if the par value were $2 per share.
Homework Answers
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To expand operations, Aragon Consulting issued 1,000 shares of previously unissued common stock with a par value of $1.
To expand operations, Aragon Consulting issued 1,000 shares of previously unissued common stock with no-par value
To expand operations, Aragon Consulting issued 1,000 shares of previously unissued common stock with no-par value. Required: 1. Complete the table below, indicating the account, amount, and direction of the effect for the issuance of the no-par value stock at $50. 2. Prepare the journal entry for the issuance of the no-par value stock at $50.
To expand operations, Aragon Consulting issued 1350 shares of previously unissued common stock with a par...
To expand operations, Aragon Consulting issued 1350 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share Required: 1. Complete the table below, indicating the account amount and direction of the effect for the stock issuance. 1b. Prepare the journal entry for the stock issuance 2. Complete the table below, indicating the account amount and direction of the effect for the stock issuance with a par value of 2-b....
To expand operations, Aragon Consulting issued 1,600 shares of previously unissued common stock with a par value of $1
To expand operations, Aragon Consulting issued 1,600 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share. 1-a. Complete the table below, indicating the account, amount, and direction of the effect for the stock issuance.
To expand operations, Aragon Consulting issued 1,000 shares of previously unissued common stock with no-par value....
To expand operations, Aragon Consulting issued 1,000 shares of previously unissued common stock with no-par value. Required: 1. Complete the table below, indicating the account, amount, and direction of the effect for the issuance of the no-par value stock at $50. 2. Prepare the journal entry for the issuance of the no-par value stock at $50. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the...
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a.
Issued 6,800 shares of common
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To expand operations, Aragon Consulting issued 1,000 shares of previously unissued common stock with no-par value. Required: 1. Complete the table below, indicating the account, amount, and direction of the effect for the issuance of the no-par value stock at $50. 2. Prepare the journal entry for the issuance of the no-par value stock at $50. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the...
M11-5 Analyzing and Recording the Issuance of No-Par Value Common Stock [LO 11-2] To expand operations, Aragon Consulting issued 1,500 shares of previously unissued common stock with no par value. Required: 1. Complete the table below, indicating the account, amount and direction of the effect for the issuance of the no-par value stock at $50 2. Prepare the journal entry for the issuance of the no-par value stock at $50. Complete this question by entering your answers in the tabs...
M11-4 Analyzing and Recording the Issuance of Common Stock [LO 11-2] To expand operations, Aragon Consulting issued 1,050 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share. Required: 1-a. Complete the table below, indicating the account, amount and direction of the effect for the stock issuance. 1-b. Prepare the journal entry for the stock issuance. 2-a. Complete the table below, indicating the account, amount, and direction of the...
t7 - Chapter 11 Homework Assignment Help Save & Exit Check my M11-4 Analyzing and Recording the Issuance of Common Stock (LO 11-2] To expand operations, Aragon Consulting issued 1750 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share. Required: Print 1-a. Complete the table below, indicating the account, amount and direction of the effect for the stock issuance 1-b. Prepare the journal entry for the stock issuance....
M11-4 Recording the sale of Common Stock LO11-3 To expand operations, Aragon Consulting issued 176,000 shares of previously unissued stock with a par value of $1. Investors purchased the stock for $17 per share. a. Sale of the above stock b. Sale of above stock if the par value was $2 per share Prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction...
Incentive Corporation was authorized to issue 12,000 shares of
common stock, each with a $1 par value. During its first year, the
following selected transactions were completed:
a.
Issued 6,800 shares of common
stock for cash at $28 per share.
b.
Issued 2,800 shares of common
stock for cash at $31 per share.
E11-2 Part 1 Required: 1. Complete the table below, indicating the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account...
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