Blue Spruce Corp. issued 900 shares of no-par common stock for $7200. Which of the following...
Blue Spruce Corp. issued 900 shares of no-par common stock for $7200. Which of the following journal entries would be made if the stock has stated value of $2 per share?
|
Common Stock |
7200 |
||
|
Cash |
7200 |
||
|
Cash |
7200 |
||
|
Common Stock |
1800 |
||
|
Paid-in Capital in Excess of Stated Value |
5400 |
||
|
Cash |
7200 |
||
|
Common Stock |
1800 |
||
|
Paid-in Capital in Excess of Par |
5400 |
||
|
Cash |
7200 |
||
|
Common Stock |
7200 |
||
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Blue Spruce Corp. issued 900 shares of no-par common stock for
$7200. Which of the following...
Novak Corp. issued 1200 shares of no-par common stock for $22800. Which of the following journal...
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Blue Spruce Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $49. D...
Blue Spruce Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $49. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18,500 shares for cash at $59 per share. July 1 Issued 12,000 shares for cash at $63 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented...
Blue Spruce Corporation was organized on January 1, 2020. It is authorized to issue 12,000 shares...
Blue Spruce Corporation was organized on January 1, 2020. It is
authorized to issue 12,000 shares of 8%, $100 par value preferred
stock, and 462,000 shares of no-par common stock with a stated
value of $3 per share. The following stock transactions were
completed during the first year.
Jan.
10
Issued 77,000 shares of common stock for cash at $6 per
share.
Mar.
1
Issued 5,500 shares of preferred stock for cash at $110 per
share.
Apr.
1
Issued 25,000...
Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1,...
Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2017, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,300 shares authorized) Common Stock ($3 stated value, 341,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,300 common shares) $258,000 852,500 12,900 545,600 687,500 34,400 During 2017, the corporation had the following transactions and events pertaining to its stockholders'...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1,...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
On January 1, 2019, Blue Spruce Corp. had the following stockholders' equity accounts. Common Stock ($14...
On January 1, 2019, Blue Spruce Corp. had the following stockholders' equity accounts. Common Stock ($14 par value, 77,300 shares issued and outstanding) $1,082,200 Paid-in Capital in Excess of Par Value-Common Stock 203,000 Retained Earnings 581,000 During the year, the following transactions occurred. Jan. 15 Declared a $1.12 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr. 15 Declared a 5% stock dividend to stockholders of...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1,...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
Blue Spruce Corp. had the following transactions during the current period. Mar. 2 Issued 6,100 shares...
Blue Spruce Corp. had the following transactions during the current period. Mar. 2 Issued 6,100 shares of $5 par value common stock to attorneys in payment of a bill for $36,600 for services performed in helping the company to incorporate. June 12 Issued 57 500 shares of $5 par value common stock for cash of $359,375 July 11 Issued 1.200 shares of $100 par value preferred stock for cash at $10 per share. Nov. 28 Purchased 2,500 shares of treasury...
The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here....
The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here. BLUE SPRUCE CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,667 shares authorized, 5,200 shares issued and outstanding 530,400 2,308,000 2,838,400 1,180,000 4,018,400 28,800 $3,989,600 Common stock, no par, 746,120 shares authorized, 577,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,400 common shares) Total stockholders' equity From a review of the stockholders'...
Blue Spruce Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $49. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18,500 shares for cash at $59 per share. July 1 Issued 12,000 shares for cash at $63 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented...
Blue Spruce Corporation was organized on January 1, 2020. It is
authorized to issue 12,000 shares of 8%, $100 par value preferred
stock, and 462,000 shares of no-par common stock with a stated
value of $3 per share. The following stock transactions were
completed during the first year.
Jan.
10
Issued 77,000 shares of common stock for cash at $6 per
share.
Mar.
1
Issued 5,500 shares of preferred stock for cash at $110 per
share.
Apr.
1
Issued 25,000...
Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2017, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,300 shares authorized) Common Stock ($3 stated value, 341,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,300 common shares) $258,000 852,500 12,900 545,600 687,500 34,400 During 2017, the corporation had the following transactions and events pertaining to its stockholders'...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
Blue Spruce Corp. had the following transactions during the current period. Mar. 2 Issued 6,100 shares of $5 par value common stock to attorneys in payment of a bill for $36,600 for services performed in helping the company to incorporate. June 12 Issued 57 500 shares of $5 par value common stock for cash of $359,375 July 11 Issued 1.200 shares of $100 par value preferred stock for cash at $10 per share. Nov. 28 Purchased 2,500 shares of treasury...
The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here. BLUE SPRUCE CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,667 shares authorized, 5,200 shares issued and outstanding 530,400 2,308,000 2,838,400 1,180,000 4,018,400 28,800 $3,989,600 Common stock, no par, 746,120 shares authorized, 577,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,400 common shares) Total stockholders' equity From a review of the stockholders'...
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