Homework Answers
Answer:
|
Transaction |
Description |
Debit $ |
Credit $ |
|
1 |
Cash |
125100 |
|
|
Common stock(10,000 x8) |
80000 |
||
|
Paid-in capital in excess of par value, common stock (125100-80000) |
45100 |
||
|
(To record the issue of common stock) |
|
Transaction |
Description |
Debit $ |
Credit $ |
|
2` |
Cash |
125100 |
|
|
Common stock, no-par value |
125100 |
|
Transaction |
Description |
Debit $ |
Credit $ |
|
3 |
Cash |
125100 |
|
|
Common stock(10,000 x4) |
40000 |
||
|
Paid-in capital in excess of par value, common stock (125100-40000) |
85100 |
||
|
(To record the issue of common stock) |
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Rodriguez Corporation issues 10,000 shares of its common stock for $125,100 cash on February 20. Prepare...
Rodriguez Corporation issues 5,000 shares of its common stock for $114,600 cash on February 20. Prepare...
Rodriguez Corporation issues 5,000 shares of its common stock for $114,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. View transaction list Journal entry worksheet B C Record the issue of 5,000 shares of $14 par value common stock for $114,600 cash. Note: Enter debits...
Rodriguez Corporation issues 10,000 shares of its common stock for $159,600 cash on February 20. Prepare...
Rodriguez Corporation issues 10,000 shares of its common stock for $159,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. Journal entry worksheet A B C Record the issue of 10,000 shares of $14 par value common stock for $159,600 cash. Note: Enter debits before credits....
Rodriguez Corporation issues 6,000 shares of its common stock for $118,400 cash on February 20. Prepare...
Rodriguez Corporation issues 6,000 shares of its common stock for $118,400 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. The stock has a $18 par value. The stock has neither par nor stated value. The stock has a $9 stated value. a. Record the issue of 6,000 shares of $18 par value common stock for $118,400 cash. b. Record the issue of 6,000 shares of no-par, no-stated value common...
Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 cash on February 20. Prepare...
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Rodriguez Corporation issues 11,000 shares of its common stock for $154,100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. The stock has a $12 par value. The stock has neither par nor stated value. The stock has a $6 stated value.
Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 cash on February 20. Prepare...
Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $2 par value. 2. The stock has neither par nor stated value. 3. The stock has a $5 stated value. Answer is not complete. No Transaction General Journal Credit 1 1 Debit 152,000 Cash Common stock, $2 par value 3 152,000 2 2 152.000 Cash Common...
Exercise 11-2 Accounting for par, stated, and no-par stock issuances LO PI Rodriguez Corporation issues 15,000...
Exercise 11-2 Accounting for par, stated, and no-par stock issuances LO PI Rodriguez Corporation issues 15,000 shares of its common stock for $99,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $4 par value. 2. The stock has neither par nor stated value 3. The stock has a $2 stated value. View transaction list Journal entry worksheet 2 3 nces Record the issue of 15,000...
just need the last two credits i cant firgure it out thanks! work 11 Rodriguez Corporation...
just need the last two credits i cant firgure it out
thanks!
work 11 Rodriguez Corporation issues 8,000 shares of its common stock for $130100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $12 par value 2. The stock has neither par nor stated value 3. The stock has a $6 stated value View transaction lit Journal entry worksheet < A Record the issue of...
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year...
Ramirez Company installs a computerized manufacturing machine in
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product, with a $3,000 salvage value. During its second year, the
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Exercise 8-5 Units-of-production depreciation LO P1
Determine the machine’s second-year depreciation using the
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options for the first
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Beginning book value
Cost
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Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for...
Record the issue of 2,000 shares of no-par common stock to its
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Record the issue of 2,000 shares of no-par common stock to its
promoters in exchange for their efforts, estimated to be worth
$44,000. The stock has no stated value.
Record the issue of 1,000 shares of $100 par value preferred
stock for $144,000 cash.
Prepare journal entries to record...
Rodriguez Corporation issues 5,000 shares of its common stock for $114,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. View transaction list Journal entry worksheet B C Record the issue of 5,000 shares of $14 par value common stock for $114,600 cash. Note: Enter debits...
Rodriguez Corporation issues 10,000 shares of its common stock for $159,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. Journal entry worksheet A B C Record the issue of 10,000 shares of $14 par value common stock for $159,600 cash. Note: Enter debits before credits....
Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $2 par value. 2. The stock has neither par nor stated value. 3. The stock has a $5 stated value. Answer is not complete. No Transaction General Journal Credit 1 1 Debit 152,000 Cash Common stock, $2 par value 3 152,000 2 2 152.000 Cash Common...
Exercise 11-2 Accounting for par, stated, and no-par stock issuances LO PI Rodriguez Corporation issues 15,000 shares of its common stock for $99,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $4 par value. 2. The stock has neither par nor stated value 3. The stock has a $2 stated value. View transaction list Journal entry worksheet 2 3 nces Record the issue of 15,000...
just need the last two credits i cant firgure it out
thanks!
work 11 Rodriguez Corporation issues 8,000 shares of its common stock for $130100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $12 par value 2. The stock has neither par nor stated value 3. The stock has a $6 stated value View transaction lit Journal entry worksheet < A Record the issue of...
Ramirez Company installs a computerized manufacturing machine in
its factory at the beginning of the year at a cost of $80,600. The
machine's useful life is estimated at 10 years, or 388,000 units of
product, with a $3,000 salvage value. During its second year, the
machine produces 32,800 units of product.
Exercise 8-5 Units-of-production depreciation LO P1
Determine the machine’s second-year depreciation using the
units-of-production method.
options for the first
box of the numerator
Beginning book value
Cost
Cost minus...
Record the issue of 2,000 shares of no-par common stock to its
promoters in exchange for their efforts, estimated to be worth
$44,000. The stock has $2 per share stated value.
Record the issue of 2,000 shares of no-par common stock to its
promoters in exchange for their efforts, estimated to be worth
$44,000. The stock has no stated value.
Record the issue of 1,000 shares of $100 par value preferred
stock for $144,000 cash.
Prepare journal entries to record...
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