-
Air One Stores is authorized to issue 10,000 shares of common stock. During a two-month period, Air One completed these stock transactions: E (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions. Begin by journalize the transaction on June 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit June 23 Data Table Х June Aug 23 Issued 1,200 shares of $4.00 par common stock for...
-
Zone Stores is authorized to issue 18,000 shares of common stock. During a two-month period, Zone completed these stock transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize the transactions. Begin by journalize the transaction on May 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit May 23 Requirements * Data Table 1. Journalize the transactions. 2. Prepare the stockholders' equity section of Zone's balance sheet...
-
The stockholders' equity for Blade, Inc., on December 31, 2017, follows !!! (Click the icon to view the stockholders' equilty on December 31, 2017.) On May 31, 2018, the market price of Blade's common stock was 513 per share and the company distributed a 20 percent stock dividend Read the requirements Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Debit Credit May 31 Journal Entry Accounts Retained...
-
The stockholders' equity accounts of Castle Corporation Journalize and post transactions, and prepare stockholders' equity section. P13.3A (LO 1, 2, 3) Financial Statement on January 1, 2020, were as follows. ( GLS GLS Preferred Stock (8%, $50 par, 10,000 shares authorized) Common Stock ($1 stated value, 2,000,000 shares authorized) Paid-in Capital in Excess of Par—Preferred Stock Paid-in Capital in Excess of Stated Value—Common Stock Retained Earnings Treasury Stock (10,000 common shares) $ 400,000 1,000,000 100,000 1,450,000 1,816,000 50,000 During 2020,...
-
X E13-21 (similar to) Stanley Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Stanley Systems? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any jou May 19: Issued 1,200 shares of $1 par value common stock for cash of $11.00 per share. Date Accounts Debit Credit...
-
Preston Stores is authorized to issue 19,000 shares of common stock. During a two-month period, Preston co (Click the icon to view the transactions.) Read the requirements. raiu-in vapilar IT LACESS UI rar - LUITITIUIT May July 42,1 JU 23 Issued 2,000 shares of $2.50 par common stock for cash of $12.50 per share. 12 Received inventory with a market value of $12,000 and equipment with market value of $38,000 for 2,900 shares of the $2.50 par common stock. Requirement...
-
1. Record the transactions in Halborn's general journal. 2. Prepare the Halborn's stockholders' equity section of the balance sheet as of December 31, 2018. Assume that Halborn was authorized to issue 1,400 shares of preferred stock and 400,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $1,060.000.
-
E15-6 (similar to) 4 of 11 (10 complete) The following shareholders equity section was taken from the books of the Victoria Corporation at the beging of the current year (Click the icon to view the data) Read the requirements Requirement a. Prepare the journal entries required to record each of the following events. Record debits first, then credits Exclude explanations from anyuma Victoria acquired 20,000 shares of common stock at a cost of 514 per share to be retired immediately...
-
Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) May 19: Issued 2,000 shares of $1 par value common stock for cash of $10.00 per share. Date Accounts Debit Credit May 19 Cash 20,000 Paid-In Capital in Excess of Par—Common Common Stock—$1 Par Value 18,000 2,000 Jun. 3: Issued 200 shares of $2, no-par preferred stock for $10,000 cash. Date Accounts Debit Credit Jun. 3 Cash 10,000 Preferred Stock—No...
-
Stellar Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Stellar Systems? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) May 19: Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Date Accounts Debit Credit May 19 Jun...
Air One Stores is authorized to issue 10,000 shares of common stock. During a two-month period, Air One completed these stock transactions: E (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions. Begin by journalize the transaction on June 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit June 23 Data Table Х June Aug 23 Issued 1,200 shares of $4.00 par common stock for...
Zone Stores is authorized to issue 18,000 shares of common stock. During a two-month period, Zone completed these stock transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize the transactions. Begin by journalize the transaction on May 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit May 23 Requirements * Data Table 1. Journalize the transactions. 2. Prepare the stockholders' equity section of Zone's balance sheet...
The stockholders' equity for Blade, Inc., on December 31, 2017, follows !!! (Click the icon to view the stockholders' equilty on December 31, 2017.) On May 31, 2018, the market price of Blade's common stock was 513 per share and the company distributed a 20 percent stock dividend Read the requirements Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Debit Credit May 31 Journal Entry Accounts Retained...
The stockholders' equity accounts of Castle Corporation Journalize and post transactions, and prepare stockholders' equity section. P13.3A (LO 1, 2, 3) Financial Statement on January 1, 2020, were as follows. ( GLS GLS Preferred Stock (8%, $50 par, 10,000 shares authorized) Common Stock ($1 stated value, 2,000,000 shares authorized) Paid-in Capital in Excess of Par—Preferred Stock Paid-in Capital in Excess of Stated Value—Common Stock Retained Earnings Treasury Stock (10,000 common shares) $ 400,000 1,000,000 100,000 1,450,000 1,816,000 50,000 During 2020,...
X E13-21 (similar to) Stanley Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Stanley Systems? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any jou May 19: Issued 1,200 shares of $1 par value common stock for cash of $11.00 per share. Date Accounts Debit Credit...
Preston Stores is authorized to issue 19,000 shares of common stock. During a two-month period, Preston co (Click the icon to view the transactions.) Read the requirements. raiu-in vapilar IT LACESS UI rar - LUITITIUIT May July 42,1 JU 23 Issued 2,000 shares of $2.50 par common stock for cash of $12.50 per share. 12 Received inventory with a market value of $12,000 and equipment with market value of $38,000 for 2,900 shares of the $2.50 par common stock. Requirement...
1. Record the transactions in Halborn's general journal. 2. Prepare the Halborn's stockholders' equity section of the balance sheet as of December 31, 2018. Assume that Halborn was authorized to issue 1,400 shares of preferred stock and 400,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $1,060.000.
E15-6 (similar to) 4 of 11 (10 complete) The following shareholders equity section was taken from the books of the Victoria Corporation at the beging of the current year (Click the icon to view the data) Read the requirements Requirement a. Prepare the journal entries required to record each of the following events. Record debits first, then credits Exclude explanations from anyuma Victoria acquired 20,000 shares of common stock at a cost of 514 per share to be retired immediately...
Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) May 19: Issued 2,000 shares of $1 par value common stock for cash of $10.00 per share. Date Accounts Debit Credit May 19 Cash 20,000 Paid-In Capital in Excess of Par—Common Common Stock—$1 Par Value 18,000 2,000 Jun. 3: Issued 200 shares of $2, no-par preferred stock for $10,000 cash. Date Accounts Debit Credit Jun. 3 Cash 10,000 Preferred Stock—No...
Stellar Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Stellar Systems? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) May 19: Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Date Accounts Debit Credit May 19 Jun...