Paid-in Capital in Excess of Par Value is increased by a credit or debit
Paid-in Capital in Excess of Par Value is increased by a credit or debit
Homework Answers
Paid in capital in excess of par value is increased by credit.
Explanation: Excess of par value is the value which is paid by the investors in excess of the paid up value of the stock.This is also know as premium paid on common stock.
The value paid in excess of the par value is increased by crediting the amount .
For eg: Emma wants to invest in the common stock of the company named ABC Inc.. The par value of the common stock is $10 but she has invested at $25 each for 1000 shares.So the excess amount of $15 is to be credited to the common stock account..
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Paid-in Capital in Excess of Par Value is increased by a credit
or debit
1 Problems General Journal Debit 299,000 Credit Common Stock, $25 Par Value Paid In Capital in...
1 Problems General Journal Debit 299,000 Credit Common Stock, $25 Par Value Paid In Capital in Excess of Par Value, Common Stock 215,000 55,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 170,000 128,000 42,00 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paldin Capital in Excess of Par Value, Common Stock 45,500 17.500 32,700 59,800 55,90 30,000 d. Cash C ostock, 525 Par Value Paldin Capital in Excess...
Please show work (answer of paid-in capital excess of par-common stock is not 1188 and paid-in...
Please show work (answer of paid-in capital excess of par-common
stock is not 1188 and paid-in capital excess of par-preferred stock
is not 1635)
Coronado Corporation's charter authorized issuance of 91,000 shares of $10 par value common stock and 53,700 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $10,500, 9% bond payable at par and gave as a bonus one share...
BELLA DONNA Debit to Paid-In-Capital in Excess of Par Please show all work, calculations and answer...
BELLA DONNA Debit to Paid-In-Capital in Excess of Par Please show all work, calculations and answer promptly. Thank you. Bella Donna Company has 100,000 shares of $2 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $8 per share. On February 3, 2018, Bella Donna repurchased 9,720 shares at $7 per share for the purposes of retiring them. What will the debit to Paid in capital in excess of par with February...
Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization...
Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 225.000 Check 45,000 190.000 150.000 60.000 Cash Accounts Receivable Bailding Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Valve Commons Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 45,500 16,000 82.700 59,700 54,500 30.000 134.000 77.000 57.000...
Connon stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,00 100,00...
Connon stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,00 100,000 340,000 In the fourth quarter, the following entries related to its equity are recorded. Date Oct. 2 Credit General Journal Retained Earnings Common Dividend Payable Debit 60,000 60,000 Oct. 25 Common Dividend Payable Cash 60,000 60,000 Oct. 31 83,000 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Conmon Stock 40,000 43,000 Nov. 5 Common Stock Dividend...
As you look at Paid-In-Capital-excess of Par and Paid-In-Capital-share repurchases; are these two terms the same...
As you look at Paid-In-Capital-excess of Par
and Paid-In-Capital-share repurchases; are these
two terms the same T-account or two different T-accounts?
Question 4 1 out of 1 points In 2016, Winn, Inc., issued $1 par common stock for $35 per share. No other common stock transactions occurred until July 31, 2018, when Winn acquired some of the issued shares for $30 per share and retired them. Which of the following statements correctly states an effect of this acquisition and retirement?...
To record the issuance of common stock for cash at par: A. debit, Common Stock; credit,...
To record the issuance of common stock for cash at par: A. debit, Common Stock; credit, Cash. B. debit, Par Value Common Stock; credit, Cash. C. debit, Cash; credit, Common Stock. D. debit, Cash; credit, Common Stock; credit, Paid-in-Capital Par Value.
Marigold Company's balance sheet shows: Common stock, $20 par Paid-in capital in excess of par Retained...
Marigold Company's balance sheet shows: Common stock, $20 par Paid-in capital in excess of par Retained earnings $3,200,000 1,010,000 790,000 Record the following transactions by the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no ent "No Entry" for the account titles and enter o for the amounts.) (a) (b) (c) Bought 7,800 shares of its common stock at $36 a share. Sold 4,100 treasury shares at $38 a share. Sold...
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 1, 2017, Monty Corp. had these stockholders equity accounts. Common Stock ($10 par value, 75,000 shares issued and outstanding) $750,000 523,000 620,000 Paid-in Capital in Excess...
On January 1, 2017, Monty Corp. had these stockholders equity accounts. Common Stock ($10 par value, 75,000 shares issued and outstanding) $750,000 523,000 620,000 Paid-in Capital in Excess of Par Value Retained Earnings During the year, the following transactions occurred. Jan. 15 Declared a $0.60 cash dividend per share Feb. 15 Paid the dividend dedlared in January Apr. 15 Declared a May 15 Issued the shares for the stock dividend. Dec 1 Declared a $o.50 per share cash dividend to...
1 Problems General Journal Debit 299,000 Credit Common Stock, $25 Par Value Paid In Capital in Excess of Par Value, Common Stock 215,000 55,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 170,000 128,000 42,00 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paldin Capital in Excess of Par Value, Common Stock 45,500 17.500 32,700 59,800 55,90 30,000 d. Cash C ostock, 525 Par Value Paldin Capital in Excess...
Please show work (answer of paid-in capital excess of par-common
stock is not 1188 and paid-in capital excess of par-preferred stock
is not 1635)
Coronado Corporation's charter authorized issuance of 91,000 shares of $10 par value common stock and 53,700 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $10,500, 9% bond payable at par and gave as a bonus one share...
Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 225.000 Check 45,000 190.000 150.000 60.000 Cash Accounts Receivable Bailding Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Valve Commons Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 45,500 16,000 82.700 59,700 54,500 30.000 134.000 77.000 57.000...
Connon stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,00 100,000 340,000 In the fourth quarter, the following entries related to its equity are recorded. Date Oct. 2 Credit General Journal Retained Earnings Common Dividend Payable Debit 60,000 60,000 Oct. 25 Common Dividend Payable Cash 60,000 60,000 Oct. 31 83,000 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Conmon Stock 40,000 43,000 Nov. 5 Common Stock Dividend...
As you look at Paid-In-Capital-excess of Par
and Paid-In-Capital-share repurchases; are these
two terms the same T-account or two different T-accounts?
Question 4 1 out of 1 points In 2016, Winn, Inc., issued $1 par common stock for $35 per share. No other common stock transactions occurred until July 31, 2018, when Winn acquired some of the issued shares for $30 per share and retired them. Which of the following statements correctly states an effect of this acquisition and retirement?...
Marigold Company's balance sheet shows: Common stock, $20 par Paid-in capital in excess of par Retained earnings $3,200,000 1,010,000 790,000 Record the following transactions by the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no ent "No Entry" for the account titles and enter o for the amounts.) (a) (b) (c) Bought 7,800 shares of its common stock at $36 a share. Sold 4,100 treasury shares at $38 a share. Sold...
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 1, 2017, Monty Corp. had these stockholders equity accounts. Common Stock ($10 par value, 75,000 shares issued and outstanding) $750,000 523,000 620,000 Paid-in Capital in Excess of Par Value Retained Earnings During the year, the following transactions occurred. Jan. 15 Declared a $0.60 cash dividend per share Feb. 15 Paid the dividend dedlared in January Apr. 15 Declared a May 15 Issued the shares for the stock dividend. Dec 1 Declared a $o.50 per share cash dividend to...
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