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Benson Inc. began a very lucrative consulting operation on July 1, 2014. They are authorized to...
Bird Inc. was organized and authorized to issue 5,000 shares of $100 par value, 9% preferred stock and 50,000 shares of...
Bird Inc. was organized and authorized to issue 5,000 shares of $100 par value, 9% preferred stock and 50,000 shares of no par, $5 stated value common stock on July 1, 2017. Stock related transactions for Bird Inc. are as follows: July 1 Issued 10,000 shares of common stock at $11 per share. July 1 Issued 500 shares of common stock at $11 per share for services rendered in connection with the organization of the company. July 2 Issued 1,000...
Verdero Company is authorized to issue 100,000 shares of $2 par value common stock. Verdero has...
Verdero Company is authorized to issue 100,000 shares of $2 par value common stock. Verdero has the following transactions a)Issued 20,000 shares at $30 per share ; received cash. (b) Issued 250 shares to attorneys for services in securing the corporate charter and for preliminary legal costs of organizing the corporation. The value of the services was $9,000. (c) Issued 300 shares , valued objectively at $10,000 , to the employees instead of paying them cash wages. (d) Issued 12,500...
Issuing Stock Work Place Products Inc., a wholesaler of office products, was organized on July 1...
Issuing Stock Work Place Products Inc., a wholesaler of office products, was organized on July 1 of the current year, with an authorization of 125,000 shares of 3% preferred stock, $60 par and 650,000 shares of $15 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions. July. 1. Issued 120,000 shares of common stock at par for cash. July 1 July. 1 Issued 400 shares of common stock at par to...
P11-2A Stockholders' Equity: Transactions and Balance Sheet Presentation Tunic Corporation was organized on April 1, with...
P11-2A Stockholders' Equity: Transactions and Balance Sheet Presentation Tunic Corporation was organized on April 1, with an authorization of 25,000 shares of six percent , $50 par value preferred stock and 200,000 shares of $5 par value common stock. During April, the following transactions affecting stockholders' equity occurred: Apr 1 Issued 80,000 shares of common stock at $20 cash per share 3 Issued 2,000 shares of common stock to attorneys and promoters in exchange to their services in organizing the...
Part1) Part2) Stockholders' Equity: Transactions and Balance Sheet Presentation Tunic Corporation was organized on April 1,...
Part1)
Part2)
Stockholders' Equity: Transactions and Balance Sheet Presentation Tunic Corporation was organized on April 1, with an authorization of 25,000 shares of six percent, $50 par value preferred stock and 200,000 shares of $5 par value common stock. During April, the following transactions affecting stockholders' equity occurred: Apr e d 83.000 shares of common stock at $15 cash per share 3 issued 5.000 shares of common stock to attorneys and promoters in exchange for their services in organizing the...
Ayayai Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of...
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...
Manty Carparation was organized on January 1, 2017. It is authorized to issue 9,500 shares of...
Manty Carparation was organized on January 1, 2017. It is authorized to issue 9,500 shares of 99, $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. an issued 60,270 shares of common stock for cash at $7 per share. Mar. sued 5,750 shares of preferred stock for cash at $111 per share. Apr. issued 24,580 shares of common stock...
Bramble Corporation was organized on January 1, 2020. It is authorized to Issue 11,000 shares of...
Bramble Corporation was organized on January 1, 2020. It is authorized to Issue 11,000 shares of 8%, $100 par value preferred stock, and 524,000 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 83,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 4,600 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 23,000 shares...
Tidwell Corporation was organized on January 1, 2014. It is authorized to issue 20,000 shares of 6%, $50 par value prefe...
Tidwell Corporation was organized on January 1, 2014. It is authorized to issue 20,000 shares of 6%, $50 par value preferred stock and 500,000 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 70,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 12,000 shares of preferred stock for cash at $53 per share. May 1 Issued 120,000 shares...
2. Tunic Corporation was organized on April 1 of the current year, with an authorization of...
2. Tunic Corporation was organized on April 1 of the current year, with an authorization of 25,000 shares of 6%, $50 par value preferred stock and 200,000 shares of $5 par value common stock. During April, the following transactions affecting stockholders' equity occurred. April 1 Issued 80,000 shares of common stock at $15 per share. 3. Issued 2,000 shares of common stock to attorneys and promoters in exchange for their services in organizing the corporation. The services were valued at...
Issuing Stock Work Place Products Inc., a wholesaler of office products, was organized on July 1 of the current year, with an authorization of 125,000 shares of 3% preferred stock, $60 par and 650,000 shares of $15 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions. July. 1. Issued 120,000 shares of common stock at par for cash. July 1 July. 1 Issued 400 shares of common stock at par to...
Part1)
Part2)
Stockholders' Equity: Transactions and Balance Sheet Presentation Tunic Corporation was organized on April 1, with an authorization of 25,000 shares of six percent, $50 par value preferred stock and 200,000 shares of $5 par value common stock. During April, the following transactions affecting stockholders' equity occurred: Apr e d 83.000 shares of common stock at $15 cash per share 3 issued 5.000 shares of common stock to attorneys and promoters in exchange for their services in organizing the...
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...
Manty Carparation was organized on January 1, 2017. It is authorized to issue 9,500 shares of 99, $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. an issued 60,270 shares of common stock for cash at $7 per share. Mar. sued 5,750 shares of preferred stock for cash at $111 per share. Apr. issued 24,580 shares of common stock...
Bramble Corporation was organized on January 1, 2020. It is authorized to Issue 11,000 shares of 8%, $100 par value preferred stock, and 524,000 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 83,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 4,600 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 23,000 shares...
2. Tunic Corporation was organized on April 1 of the current year, with an authorization of 25,000 shares of 6%, $50 par value preferred stock and 200,000 shares of $5 par value common stock. During April, the following transactions affecting stockholders' equity occurred. April 1 Issued 80,000 shares of common stock at $15 per share. 3. Issued 2,000 shares of common stock to attorneys and promoters in exchange for their services in organizing the corporation. The services were valued at...
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