*Exercise 15-02 Cheyenne Corporation was organized on January 1, 2020. It is authorized to issue 9,700...
*Exercise 15-02 Your answer is partially correct. Try again. Cheyenne Corporation was organized on January 1, 2020. It is authorized to issue 9,700 shares of 8%, $100 par value preferred stock, and 540,200 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. Issued 80,290 shares of common stock for cash at 56 per share. 10 Mar. 1 Issued 5,190 shares of preferred stock for cash...
Exercise 15-02 Mountain Corporation was organized on January 1, 2020. It is authorized to issue 9,500 shares of 8%, $100 par value preferred stock, and 523,200 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 80,270 shares of common stock for cash at $7 per share. Mar. 1 Issued 5,750 shares of preferred stock for cash at $111 per share. Apr. 1 Issued...
Sandhill Corporation was organized on January 1, 2020. It is authorized to issue 9.100 shares of 8%. $100 par value preferred stock, and 525.800 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Issued 80.170 shares of common stock for cash at $6 per share. Jan. 10 Mar. 1 Apr. 1 May Issued 5.410 shares of preferred stock for cash at $112 per share. Issued 24.730...
Pronghorn Corporation was organized on January 1, 2020. It is authorized to issue 11,000 shares of 8%, $100 par value preferred stock, and 535,600 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 80,370 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,570 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 24,250 shares...
Novak Corporation was organized on January 1, 2020. It is authorized to issue 10,800 shares of 8%, $100 par value preferred stock, and 506,500 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 80,520 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,500 shares of preferred stock for cash at $109 per share. Apr. 1 Issued 24,310 shares...
Exercise 15-2 Pearl Corporation was organized on January 1,2017. It is authorized to issue 9,100 shares of 8%, $100 par value preferred stock, and 525,800 shares of no par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year Jan. 10 Issued 80,170 shares of common stock for cash at $6 per share Mar. 1 Issued 5,410 shares of preferred stock for cash at $112 per share. Apr. 1 1ssued...
Ayayai Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 450,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 75,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 4,000 shares of preferred stock for cash at $105 per share. Apr. 1 Issued 22,000 shares...
Monty Corp. was organized on January 1, 2020. It is authorized to issue 12,000 shares of 8%, $100 par value preferred stock, and 513,000 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 4,300 shares of preferred stock for cash at $105 per share. Apr. 1 Issued 25,000...
Riverbed Corporation was organized on January 1, 2020. It is authorized to issue 10,300 shares of 8%, $100 par value preferred stock, and 509,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 80,240 shares of common stock for cash at $7 per share. Mar. 1 Issued 5,830 shares of preferred stock for cash at $111 per share. Apr. 1 Issued 24,550 shares of common stock for land. The asking price of the land was $90,850; the fair...
Carla Corporation was organized on January 1, 2017. It is authorized to issue 9,900 shares of 8%, $100 par value preferred stock, and 533,900 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 80,970 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,600 shares of preferred stock for cash at $111 per share. Apr. 1 Issued 24,810 shares...