To record the issuance of common stock for cash at par: A. debit, Common Stock; credit,...
To record the issuance of common stock for cash at par:
A. debit, Common Stock; credit, Cash.
B. debit, Par Value Common Stock; credit, Cash.
C. debit, Cash; credit, Common Stock.
D. debit, Cash; credit, Common Stock; credit, Paid-in-Capital Par Value.
Homework Answers
Option C is the answer
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The entry would be Debit : Cash (Assets increase) Credit : Common stock (Stockholder's Equity increase) Comment if you face any issues |
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To record the issuance of common stock for cash at par:
A. debit, Common Stock; credit,...
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Journal entry worksheet 2 Record the issuance of 6,600 shares of common stock with a par...
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1. Record issuance of the stock if the stock: a. is true no-par stock. b. has stated value of $3 per share. 2. Which type of stock results in more total paid-in capital? Mates Corp. issued 4,000 shares of no-par common stock for $10 per share. Read the requirements. Requirement 1a. Record issuance of the stock if the stock is true no-par stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)...
A company issued 60 shares of $100 par value common stock for $7,000 cash. The journal entry to record the issuance is: Multiple Choice O Debit Cash $7,000; Credit Common Stock $7,000 Debit investment in Common Stock $7,000, credit Cash $7,000. O O Debit Cash $7,000; Credit Common Stock $6,000; credit Paid-in Capital in Excess of Par Value, Common Stock $1,000 O O Debit Common Stock $6,000, debit Investment in Common Stock $1,000, credit Cash $7,000. O O Debit Cash...
Journal entry worksheet 2 Record the issuance of 6,600 shares of common stock with a par value $2 for a price of $26 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit а Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the issuance of 2,600 shares of common stock with a par value $2 for a price of $29 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b...
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Record the issuance of 61,000 additional shares of $1 par value
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Record the purchase of 5,600 shares of treasury stock for $61
per share.
Record the declaration of a cash dividend of $1.80 per share to
all stockholders of record on June 15. (Hint: Dividends are not
paid on treasury stock.)
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Record the resale of 2,800 shares of treasury stock purchased
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