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Blossom Company had the following transactions pertaining to stock investments. Feb. 1 July 1 Sept. 1...
ALENE Hulse Company had the following transactions pertaining to stock investments Feb. 1 Purchased 530 shares...
ALENE Hulse Company had the following transactions pertaining to stock investments Feb. 1 Purchased 530 shares of Wade common stock (2%) for $6,360 cash. July 1 Received cash dividends of $2 per share on Wade common stock. Sept. 1 Sold 230 shares of Wade common stock for $3,482 Dec. 1 Received cash dividends of $2 per share on Wade common stock Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not Indent manually problem. If...
Exercise 12-4 Hulse Company had the following transactions pertaining to stock investments. Feb. 1 July 1...
Exercise 12-4 Hulse Company had the following transactions pertaining to stock investments. Feb. 1 July 1 Sept. 1 Dec. 1 Purchased 540 shares of Wade common stock (2%) for $6,480 cash. Received cash dividends of $2 per share on Wade common stock. Sold 210 shares of Wade common stock for $3,230. Received cash dividends of $2 per share on Wade common stock. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record...
Journalize stock investment transactions. Jelsie Company had the following transactions pertaining to stock investments. Feb. 1...
Journalize stock investment transactions. Jelsie Company had the following transactions pertaining to stock investments. Feb. 1 Purchased 1,200 shares of Sun common stock (2%) for $9,000 cash. July 1 Received cash dividends of $3.2 per share on Sun common stock. Sept. 1 Sold 400 shares of Sun common stock for $3,200. Dec. 1 Received cash dividends of $2.6 per share on Sun common stock. Instructions (a) Journalize the transactions.
Nosker Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,800...
Nosker Inc. had the following transactions pertaining to
investments in common stock.
Jan.
1
Purchased 4,800 shares of Escalante Corporation common stock
(7%) for $291,840 cash.
July
1
Received a cash dividend of $4 per share.
Dec.
1
Sold 960 shares of Escalante Corporation common stock for
$61,440 cash.
Dec.
31
Received a cash dividend of $4 per share.
Journalize the transactions. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. Record journal entries in...
Jenney Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Moure Compa...
Jenney Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Moure Company (10%) for $75,000 cash. June 1 Received cash dividends of $2 per share on Moure stock. Oct. 1 Sold 1,200 shares of Moure stock for $62,400 The entry to record the purchase of the Moure stock would include a a. debit to Stock Investments for $45,900. b. credit to Cash for $55,900. C debit to Stock Investments for $75,000 d. debit to Investment...
Jenney Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Moure...
Jenney Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Moure Company (10%) for $75,000 cash. June 1 Received cash dividends of $2 per share on Moure stock. Oct. 1 Sold 1,200 shares of Moure stock for $62,400. The entry to record the purchase of the Moure stock would include a a. debit to Stock Investments for $45,900. b. credit to Cash for $55,900. c. debit to Stock Investments for $75,000. d. debit to Investment...
Exercise 11-3 During its first year of operations, Concord Corporation had the following transactions pertaining to...
Exercise 11-3 During its first year of operations, Concord Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 66,500 shares for cash at $6 per share. July 1 Issued 39,500 shares for cash at $8 per share. Journalize the transactions, assuming that the common stock has a par value of $6 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent...
Exercise 11-3 During its first year of operations, Foyle Corporation had the following transactions pertaining to...
Exercise 11-3 During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock. Jan. July 10 Issued 65,500 shares for cash at $5 per share. 1 Issued 43,000 shares for cash at $10 per share. Journalize the transactions, assuming that the common stock has a par value of $5 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent...
During its first year of operations, Flint Corporation had these transactions pertaining to its common stock...
During its first year of operations, Flint Corporation had these transactions pertaining to its common stock Jan. 10 Issued 26.900 shares for cash at $4 per share. July 1 issued 59.500 shares for cash at $7 per share. Support (a) Journalize the transactions, assuming that the common stock has a par value of $4 per share Journalize the transactions, assuming that the common stock is no par with a stated value of $2 per share (Record journal entries in the...
During its first year of operations, Nash Corporation had the following transactions pertaining to its common...
During its first year of operations, Nash Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 85,000 shares for cash at $6 per share. Mar Issued 5,000 shares to attorneys in payment of a bill for $36,100 for services rendered in July 1 Issued 31,300 shares for cash at $8 per share. Sept. 1 Issued 63,200 shares for cash at $10 per share. (a) Prepare the journal entries for these transactions, assuming that the common stock...
ALENE Hulse Company had the following transactions pertaining to stock investments Feb. 1 Purchased 530 shares of Wade common stock (2%) for $6,360 cash. July 1 Received cash dividends of $2 per share on Wade common stock. Sept. 1 Sold 230 shares of Wade common stock for $3,482 Dec. 1 Received cash dividends of $2 per share on Wade common stock Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not Indent manually problem. If...
Exercise 12-4 Hulse Company had the following transactions pertaining to stock investments. Feb. 1 July 1 Sept. 1 Dec. 1 Purchased 540 shares of Wade common stock (2%) for $6,480 cash. Received cash dividends of $2 per share on Wade common stock. Sold 210 shares of Wade common stock for $3,230. Received cash dividends of $2 per share on Wade common stock. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record...
Nosker Inc. had the following transactions pertaining to
investments in common stock.
Jan.
1
Purchased 4,800 shares of Escalante Corporation common stock
(7%) for $291,840 cash.
July
1
Received a cash dividend of $4 per share.
Dec.
1
Sold 960 shares of Escalante Corporation common stock for
$61,440 cash.
Dec.
31
Received a cash dividend of $4 per share.
Journalize the transactions. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. Record journal entries in...
Jenney Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Moure Company (10%) for $75,000 cash. June 1 Received cash dividends of $2 per share on Moure stock. Oct. 1 Sold 1,200 shares of Moure stock for $62,400 The entry to record the purchase of the Moure stock would include a a. debit to Stock Investments for $45,900. b. credit to Cash for $55,900. C debit to Stock Investments for $75,000 d. debit to Investment...
Jenney Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Moure Company (10%) for $75,000 cash. June 1 Received cash dividends of $2 per share on Moure stock. Oct. 1 Sold 1,200 shares of Moure stock for $62,400. The entry to record the purchase of the Moure stock would include a a. debit to Stock Investments for $45,900. b. credit to Cash for $55,900. c. debit to Stock Investments for $75,000. d. debit to Investment...
Exercise 11-3 During its first year of operations, Concord Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 66,500 shares for cash at $6 per share. July 1 Issued 39,500 shares for cash at $8 per share. Journalize the transactions, assuming that the common stock has a par value of $6 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent...
Exercise 11-3 During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock. Jan. July 10 Issued 65,500 shares for cash at $5 per share. 1 Issued 43,000 shares for cash at $10 per share. Journalize the transactions, assuming that the common stock has a par value of $5 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent...
During its first year of operations, Flint Corporation had these transactions pertaining to its common stock Jan. 10 Issued 26.900 shares for cash at $4 per share. July 1 issued 59.500 shares for cash at $7 per share. Support (a) Journalize the transactions, assuming that the common stock has a par value of $4 per share Journalize the transactions, assuming that the common stock is no par with a stated value of $2 per share (Record journal entries in the...
During its first year of operations, Nash Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 85,000 shares for cash at $6 per share. Mar Issued 5,000 shares to attorneys in payment of a bill for $36,100 for services rendered in July 1 Issued 31,300 shares for cash at $8 per share. Sept. 1 Issued 63,200 shares for cash at $10 per share. (a) Prepare the journal entries for these transactions, assuming that the common stock...
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