Homework Answers
Answer:
increase by $15,000
Working notes for the answer:
|
Description |
Debit $ |
Credit $ |
|
Cash (600x 26) |
15600 |
|
|
Common Share (600x1) |
600 |
|
|
Paid in capital Excess of par -common (600x25) |
15000 |
Add Answer to:
When 600 shares of $1 par value Common Stock are issued at $26 per share. Paid-in...
Common Stock, $5.00 par, 207,000 shares authorized, 172,000 shares issued Paid in Capital in Excess of...
Common Stock, $5.00 par, 207,000 shares authorized, 172,000 shares issued Paid in Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $860,000 205,000 229,000 $1.294,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common O A Retained Earnings is debited for $580,000 CIO B. Paid - In Capital from Treasury Stock Transactions is credited for $300,000 O C. Treasury Stock-Common is debited for $580,000 O D. Common Stock-$5.00...
Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When...
Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are made to a. Common Stock, $22,000, and Retained Earnings, $15,000 Ob. Common Stock, $7,000, and Paid-In Capital in Excess of Stated Value, $15,000 c. Common Stock, $22,000 d. Common Stock, $15,000, and Paid-In Capital in Excess of Par-Common Stock, $7,000
Suppose Home Decor Imports issued 500,000 shares of $0.07 par common stock at $5 per share....
Suppose Home Decor Imports issued 500,000 shares of $0.07 par common stock at $5 per share. Which Journal entry correctly records the issuance of this stock? Date Accounts and Explanation Debit Credit OA 2,500,000 35,000 2,465,000 Common Stock 180.07 Par Value Paid-In Capital in Excess of Par-Common Cash Common Stock $0.07 Par Value OB 2,500,000 2,500,000 Oc. 2,500,000 Common Stock $0.07 Par Value Cash 35,000 2,465.000 Paid-In Capital in Excess of Par-Common OD 2,500,000 Common Stock $0.07 Par Value Cash...
When 2,000 shares of $5 stated value common stock is issued at $18 per share, O...
When 2,000 shares of $5 stated value common stock is issued at $18 per share, O A. the accounting is exactly the same as the accounting for par value stock O B. Common Stock — $5 Stated is credited for $36,000 O c. the difference between the issue price and the stated value is credited to Paid – In Capital in Excess of Stated - Common OD. the account titled Paid - In Capital in Excess of Stated - Common...
Alma Corp. issues 1,190 shares of $5 par common stock at $16 per share. When the...
Alma Corp. issues 1,190 shares of $5 par common stock at $16 per share. When the transaction is recorded, credits are made to Oa. Common Stock, $13,090 and Paid-In Capital in Excess of Stated Value, $5,950. b. Common Stock, $5,950 and Retained Earnings, $13,090. c. Common Stock, $19,040. Od. Common Stock, $5,950 and Paid-In Capital in Excess of Par-Common Stock, $13,090. Kansas Company acquired a building valued at $163,000 for property tax purposes in exchange for 12,000 shares of its...
Land Corporation reported the following: Common Stock, $5.00 par, 217,000 shares authorized, 178,000 shares issued $890,000...
Land Corporation reported the following: Common Stock, $5.00 par, 217,000 shares authorized, 178,000 shares issued $890,000 Paid in Capital in Excess of Par—Common 202,000 Retained Earnings 231,000 Total Stockholders' Equity $1,323,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common stock for $13.50 per share? OA. Paid - In Capital from Treasury Stock Transactions is credited for $190,000. OB. Treasury Stock-Common is debited for $540,000. OC. Common Stock-$5.00 Par...
1. BonitaCorp. issues 2800 shares of $10 par value common stock at $15 per share. When...
1. BonitaCorp. issues 2800 shares of $10 par value common stock
at $15 per share. When the transaction is recorded, credits are
made to
Common Stock $28000 and Retained Earnings $14000.
Common Stock $28000 and Paid-in Capital in Excess of Par
$14000.
2. VaughnCompany is authorized to issue 9000 shares of 7%, $100
par value preferred stock and 532000 shares of no-par common stock
with a stated value of $1 per share. If Vaughn issues 4500 shares
of preferred stock...
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...
1. Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share....
1. Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are made to a.Common Stock, $7,000, and Paid-In Capital in Excess of Stated Value, $15,000 b.Common Stock, $15,000, and Paid-In Capital in Excess of Par—Common Stock, $7,000 c.Common Stock, $22,000 2. Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:...
Jan. 10 Issued 78,000 shares of common stock for cash at $6 per share. Apr, 1...
Jan. 10 Issued 78,000 shares of common stock for cash at $6 per share. Apr, 1 1ssued shares of common stock for land. The asking price of the land was $87,000. The fair value of the land was $87,000. Sept. 1 Issued 11,500 shares of common stock for cash at $5 per share. OURCES (S19) 23 Paid-in Capital in Excess of Stated Value-Commor 498750 Paid-in Capital in 23750 87000 Paid-in Capital in E 15000 229500 Paid-in Capital in Excess of...
Common Stock, $5.00 par, 207,000 shares authorized, 172,000 shares issued Paid in Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $860,000 205,000 229,000 $1.294,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common O A Retained Earnings is debited for $580,000 CIO B. Paid - In Capital from Treasury Stock Transactions is credited for $300,000 O C. Treasury Stock-Common is debited for $580,000 O D. Common Stock-$5.00...
Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are made to a. Common Stock, $22,000, and Retained Earnings, $15,000 Ob. Common Stock, $7,000, and Paid-In Capital in Excess of Stated Value, $15,000 c. Common Stock, $22,000 d. Common Stock, $15,000, and Paid-In Capital in Excess of Par-Common Stock, $7,000
Suppose Home Decor Imports issued 500,000 shares of $0.07 par common stock at $5 per share. Which Journal entry correctly records the issuance of this stock? Date Accounts and Explanation Debit Credit OA 2,500,000 35,000 2,465,000 Common Stock 180.07 Par Value Paid-In Capital in Excess of Par-Common Cash Common Stock $0.07 Par Value OB 2,500,000 2,500,000 Oc. 2,500,000 Common Stock $0.07 Par Value Cash 35,000 2,465.000 Paid-In Capital in Excess of Par-Common OD 2,500,000 Common Stock $0.07 Par Value Cash...
When 2,000 shares of $5 stated value common stock is issued at $18 per share, O A. the accounting is exactly the same as the accounting for par value stock O B. Common Stock — $5 Stated is credited for $36,000 O c. the difference between the issue price and the stated value is credited to Paid – In Capital in Excess of Stated - Common OD. the account titled Paid - In Capital in Excess of Stated - Common...
Alma Corp. issues 1,190 shares of $5 par common stock at $16 per share. When the transaction is recorded, credits are made to Oa. Common Stock, $13,090 and Paid-In Capital in Excess of Stated Value, $5,950. b. Common Stock, $5,950 and Retained Earnings, $13,090. c. Common Stock, $19,040. Od. Common Stock, $5,950 and Paid-In Capital in Excess of Par-Common Stock, $13,090. Kansas Company acquired a building valued at $163,000 for property tax purposes in exchange for 12,000 shares of its...
Land Corporation reported the following: Common Stock, $5.00 par, 217,000 shares authorized, 178,000 shares issued $890,000 Paid in Capital in Excess of Par—Common 202,000 Retained Earnings 231,000 Total Stockholders' Equity $1,323,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common stock for $13.50 per share? OA. Paid - In Capital from Treasury Stock Transactions is credited for $190,000. OB. Treasury Stock-Common is debited for $540,000. OC. Common Stock-$5.00 Par...
1. BonitaCorp. issues 2800 shares of $10 par value common stock
at $15 per share. When the transaction is recorded, credits are
made to
Common Stock $28000 and Retained Earnings $14000.
Common Stock $28000 and Paid-in Capital in Excess of Par
$14000.
2. VaughnCompany is authorized to issue 9000 shares of 7%, $100
par value preferred stock and 532000 shares of no-par common stock
with a stated value of $1 per share. If Vaughn issues 4500 shares
of preferred stock...
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...
Jan. 10 Issued 78,000 shares of common stock for cash at $6 per share. Apr, 1 1ssued shares of common stock for land. The asking price of the land was $87,000. The fair value of the land was $87,000. Sept. 1 Issued 11,500 shares of common stock for cash at $5 per share. OURCES (S19) 23 Paid-in Capital in Excess of Stated Value-Commor 498750 Paid-in Capital in 23750 87000 Paid-in Capital in E 15000 229500 Paid-in Capital in Excess of...
Most questions answered within 3 hours.
-
can someone please explain for me in any easy way what does
Dipole mean ?
asked 1 minute from now -
Chapter’s 2 “Dominos Sizzles with Pizza Tracker” Case Study.
Ansewer the following questions:
1) What kinds...
asked 1 minute ago -
It's a snowy day and you're pulling a friend along a level road
on a sled....
asked 23 seconds ago -
4.14D Select a diameter of a steel driveshaft
that transmits 250 hp at 5000 rpm. Bending...
asked 6 minutes ago -
1 4 7 10
2 5 8 11
3 6 9 12
I want to print...
asked 5 minutes ago -
In a statistics class there are 12 students. Five of the
students are seniors and the...
asked 8 minutes ago -
Preparation of Cyclohexene From
Cyclohexanol
organic chemistry
What is the function of each of the following...
asked 29 minutes ago -
***EDIT: This was all the data that was provided.
Please show all work and formulas used!...
asked 31 minutes ago -
Assume that when adults with smartphones are randomly selected,
48% use them in meetings or classes....
asked 55 minutes ago -
A motor spins up from rest to an angular velocity of 165 rad/s
in 1.2 s....
asked 47 minutes ago -
An entomologist sprayed 120 adult Melon flies with a specific
low concentration of malathion and observed...
asked 51 minutes ago -
Suppose that a police car is moving to the right at 27.9 m/s,
while a speeder...
asked 53 minutes ago