QS 11-5 Issuance of common stock LO P1
Prepare the issuer's journal entry for each of the following
separate transactions.
Journal entry worksheet
Note: Enter debits before credits.
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Note: Enter debits before credits.
Note: Enter debits before credits.
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QS 11-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of...
QS 11-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 42,500 shares of $4 par value common stock for $297,500 cash. b. On April 1, OP Co. issues no-par value common stock for $70,000 cash. c. On April 6, MPG issues 2,000 shares of $25 par value common stock for $45,000 of inventory, $145,000 of machiner acceptance of a $94,000 note payable. View...
QS 13-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 45,500 shares of $4 par value common stock for $306,500 cash. b. On April 1, OP Co. issues no-par value common stock for $76,000 cash. c. On April 6, MPG issues 2,600 shares of $20 par value common stock for $45,000 of inventory, $165,000 of machinery, and acceptance of a $95,000 note payable....
Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 52,000 shares of $5 par value common stock for $326,000 cash. b. On April 1, OP Co. issues no-par value common stock for $89,000 cash. c. On April 6, MPG Issues 3,900 shares of $25 par value common stock for $58,000 of inventory, $180,000 of machinery, and acceptance ofa $94,000 note payable. Journal entry worksheet 2 3 Record the issuance of...
QS 11-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 48,500 shares of $3 par value common stock for $315,500 cash. b. On April 1, OP Co. issues no-par value common stock for $82,000 cash. c. On April 6, MPG issues 3,200 shares of $25 par value common stock for $51,000 of inventory, $160,000 of machinery, and acceptance of a $101,000 note payable.
Prepare the issuer's journal entry for each of the following separate transactions a. On March 1, Atlantic Co. issues 45.000 shares of $3 par value common stock for $305.000 cash. b. On April 1, OP Co. issues no-par value common stock for $75.000 cash. c. On April 6, MPG issues 2,500 shares of $25 par value common stock for $44000 of inventory $160.000 of machinery. and acceptance of a $94.000 note payable. View transaction list Journal entry worksheet 2 Record...
Prepare the Issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. Issues 52.500 shares of $4 par value common stock for $327,500 cash. b. On April 1, OP Co. ISSues no-par value common stock for $90,000 cash. c. On April 6, MPG ISSues 4,000 shares of $20 par value common stock for $59.000 of inventory. $185,000 of machineryrand acceptance of a $95,000 note payable. View fransaction list Journal entry worksheet 1 2 Record...
Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 51,000 shares of $3 par value common stock for $323,000 cash. b. On April 1, OP Co. issues no-par value common stock for $87,000 cash. c. On April 6, MPG issues 3,700 shares of $15 par value common stock for $56,000 of inventory, $170,000 of machinery, and acceptance of a $92,000 note payable. View transaction list Journal entry worksheet Record the...
Prepare the issuer's jounal entry for each of the following separate transactions. a. On March 1 Atlantic Co. issues 42.500 shares of $4 par value common stock for $297,500 cash. b. On April 1, OP Co. issues no-par value common stock for $70,000 cash. c On April 6. MPG issues 2000 shares of $25 par value common stock for $45.000 of inventory. $145.000 of machinery acceptance of a $94,000 note payable. View transaction list Journal entry worksheet 2 Record the...
Prepare the journal entry to record Jevonte Company's issuance of 45,000 shares of its common stock assuming the shares have a: a. $4 par value and sell for $23 cash per share. b. $4 stated value and sell for $23 cash per share. 15 points View transaction list Journal entry worksheet Record the issuance of 45,000 shares of common stock assuming the shares have a $4 par value and sell for $23 cash per share. Note: Enter debits before credits...
Prepare the journal entry to record Autumn Company's issuance of 65,000 shares of no-par value common stock assuming the shares: a. Sell for $28 cash per share. b. Are exchanged for land valued at $1,820,000. Skipped Book View transaction list Hint Journal entry worksheet Print Cerences 1 2 Record the issuance of 65,000 shares of no-par value common stock assuming the shares sell for $28 cash per share. Note: Enter debits before credits. Skipped Live Stre. eBook 2 Hint Saved...