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7. On January 3, Halsall Corporation purchased 1,800 shares of the company's $1 par value common...
Please answer in same format. 7. On January 3, Spartan Corporation purchased 1,900 shares of the...
Please answer in same format.
7. On January 3, Spartan Corporation purchased 1,900 shares of the company's S1 par value common stock as treasury stock, paying cash of $8 per share. On January 30, Spartan sold 1,400 shares of the treasury stock for cash of S9 per share. Journalize these transactions. (Record debits first, then credits. Select the explanation on the last line of the joumal entry tablo.) Journalize the purchase of the treasury stock. Date Accounts and Explanation Debit...
1 More Info Dec. 1Purchased 1,700 shares of the company's $1 par value common stock as...
1 More Info Dec. 1Purchased 1,700 shares of the company's $1 par value common stock as treasury stock, paying cash of $7 per share. 15 Sold 700 shares of the treasury stock for cash of $10 per share. 20 Sold 800 shares of the treasury stock for cash of $3 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,600.) Discount World Furniture, Inc. completed the following treasury stock transactions in 2018: (Click...
Florida Corporation has two classes of stock common, S4 par value, and preferred, 525 par value....
Florida Corporation has two classes of stock common, S4 par value, and preferred, 525 par value. Requirements 1. Journalize Florida's issuance of 4,500 shares of common stock for $15 per share. 2. Journalize Florida's issuance of 4,500 shares of preferred stock for a total of $112,500. Requirement 1. Journalize Florida's issuance of 4,500 shares of common stock for $15 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts...
Minnesota Corporation has two classes of stock: common, $2 par value; and preferred, $10 par value....
Minnesota Corporation has two classes of stock: common, $2 par value; and preferred, $10 par value. Requirements 1. Joumalize Minnesota's issuance of 3,000 shares of common stock for $15 per share. 2. Joumalize Minnesota's issuance of 3,000 shares of preferred stock for a total of $30,000 Requirement 1. Journalize Minnesota's issuance of 3,000 shares of common stock for $15 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts...
Self- Defense Schools, Inc. is authorized to issue 200,000 shares of $4 par common stock. The...
Self- Defense Schools, Inc. is authorized to issue 200,000 shares of $4 par common stock. The company issued 73,000 shares at $6 per share. When the market price of common stock was $8 per share. Self-Defense declared and distributed a 10% stock dividend. Later. Self-Defense declared and paid a $0.60 per share cash dividend Read the requirements Requirement 1. Journalize the declaration and the distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last...
Supreme Water Sports has 12,000 shares of $3 par value common stock outstanding. Supreme distributes a...
Supreme Water Sports has 12,000 shares of $3 par value common stock outstanding. Supreme distributes a 15% stock dividend when the market value of its stock is $18 per share Read the requiremegts. Requirement 1. Journalize Supreme's declaration of the stock dividend on September 15 and distribution on September 30. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Start by journalizing the declaration of 1 0 Requirements Date Sep. 15 1....
On January 2, 2019, Best Corporation issued 3,000 shares of its $15 par-value common stock for...
On January 2, 2019, Best Corporation issued 3,000 shares of its $15 par-value common stock for cash at $36 a share. Prepare a journal entry to record the issuance of the stock. Journal entry worksheet Record the issuance of 3,000 shares of $15 par common stock at $36 per share. Note: Enter debits before credits. Date General Journal Debit Credit Jan 02, 2019
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...
On January 2, Carlton, Inc., issued 100 shares of $10 par value common stock for cash...
On January 2, Carlton, Inc., issued 100 shares of $10 par value common stock for cash of $10 per share. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On January 2, Carlton, Inc., issued 100 shares of $10 par value common stock for cash of $10 per share. Note: Enter debits before credits. Date General Jourmal Debit...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$15 par...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$15 par value, 100,000 shares authorized, 55,000 shares issued and outstanding $ 825,000 Paid-in capital in excess of par value, common stock 70,000 Retained earnings 400,000 Total stockholders' equity $ 1,295,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 4,500 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable...
Please answer in same format.
7. On January 3, Spartan Corporation purchased 1,900 shares of the company's S1 par value common stock as treasury stock, paying cash of $8 per share. On January 30, Spartan sold 1,400 shares of the treasury stock for cash of S9 per share. Journalize these transactions. (Record debits first, then credits. Select the explanation on the last line of the joumal entry tablo.) Journalize the purchase of the treasury stock. Date Accounts and Explanation Debit...
1 More Info Dec. 1Purchased 1,700 shares of the company's $1 par value common stock as treasury stock, paying cash of $7 per share. 15 Sold 700 shares of the treasury stock for cash of $10 per share. 20 Sold 800 shares of the treasury stock for cash of $3 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,600.) Discount World Furniture, Inc. completed the following treasury stock transactions in 2018: (Click...
Florida Corporation has two classes of stock common, S4 par value, and preferred, 525 par value. Requirements 1. Journalize Florida's issuance of 4,500 shares of common stock for $15 per share. 2. Journalize Florida's issuance of 4,500 shares of preferred stock for a total of $112,500. Requirement 1. Journalize Florida's issuance of 4,500 shares of common stock for $15 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts...
Minnesota Corporation has two classes of stock: common, $2 par value; and preferred, $10 par value. Requirements 1. Joumalize Minnesota's issuance of 3,000 shares of common stock for $15 per share. 2. Joumalize Minnesota's issuance of 3,000 shares of preferred stock for a total of $30,000 Requirement 1. Journalize Minnesota's issuance of 3,000 shares of common stock for $15 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts...
Self- Defense Schools, Inc. is authorized to issue 200,000 shares of $4 par common stock. The company issued 73,000 shares at $6 per share. When the market price of common stock was $8 per share. Self-Defense declared and distributed a 10% stock dividend. Later. Self-Defense declared and paid a $0.60 per share cash dividend Read the requirements Requirement 1. Journalize the declaration and the distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last...
Supreme Water Sports has 12,000 shares of $3 par value common stock outstanding. Supreme distributes a 15% stock dividend when the market value of its stock is $18 per share Read the requiremegts. Requirement 1. Journalize Supreme's declaration of the stock dividend on September 15 and distribution on September 30. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Start by journalizing the declaration of 1 0 Requirements Date Sep. 15 1....
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...
On January 2, Carlton, Inc., issued 100 shares of $10 par value common stock for cash of $10 per share. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On January 2, Carlton, Inc., issued 100 shares of $10 par value common stock for cash of $10 per share. Note: Enter debits before credits. Date General Jourmal Debit...
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