Homework Answers
| 1 | Issued $50,000 par value common stock for cash | Financing Activities |
| 2 | Purchased a machine for $30,000, giving a long-term note in exchange | Noncash Investing and Financing Activities |
| 3 | Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. | Noncash Investing and Financing Activities |
| 4 | Declared and paid a cash dividend of $ | Financing Activities |
| 5 | Sold a long-term investment with a cost of $15,000 for $15,000cash. | Investing Activities |
| 6 | Collected $16,000 from sale of goods. | Operating Activities |
| 7 | Paid $18,000 to suppliers. | Operating Activities |
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US waygand, Financsal Acceunting, 10e s Corporation had these transactions daring 2019 a) Issued 550,000 par...
E12.1 (LO 1) Tabares Corporation had these transactions during 2020. a. Issued $50,000 par value common...
E12.1 (LO 1) Tabares Corporation had these transactions during 2020. a. Issued $50,000 par value common stock for cash. b. Purchased a machine for $30,000, giving a long-term note in exchange. c. Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. d. Declared and paid a cash dividend of $18,000. e. Sold a long-term investment with a cost of $15,000 for $15,000 cash. f. Collected $16,000 from sale of goods. g. Paid $18,000...
During 2020, Red Dragon Corporation had the following transactions and events: 1. Issued par value preferred...
During 2020, Red Dragon Corporation had the following transactions and events: 1. Issued par value preferred stock for cash at par value. 2. Issued par value common stock for cash at an amount greater than par value 3. Completed a 2 for 1 stock split in which the $10 par value common stock was changed to $5 par value stock. 4. Declared a small stock dividend when the market value was higher than the par value. . Declared a cash...
During 2020, Red Dragon Corporation had the following transactions and events: Issued par value preferred stock...
During 2020, Red Dragon Corporation had the following transactions and events: Issued par value preferred stock for cash at par value. 2. Issued par value common stock for cash at an amount greater than par value. 3. Completed a 2 for 1 stock split in which the $10 par value common stock was changed to $5 par value stock. 4. Declared a small stock dividend when the market value was higher than the par value. 5. Declared a cash dividend....
15) Pace Tech Market had the following transactions during 2020: 1. Issued $50,000 of par value...
15) Pace Tech Market had the following transactions during 2020: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22,000. 3. Acquired land by issuing common stock of par value $100,000. 4. Declared and paid a cash dividend of $2,000. 5. Sold a long-term investment (cost $53,000) for cash of $82,000. 6. Acquired an investment in PwC stock for cash of $55,000. What is the net cash provided...
CSI Fashion Market had the following transactions during 2020: 1. Issued $250, 000 of par value...
CSI Fashion Market had the following transactions during 2020: 1. Issued $250, 000 of par value common stock for cash. 2. Repaid a 5 year note payable in the amount of $235,000. 3. Acquired Equipment by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $27,000. 5. Sold a long-term investment (cost $13,000) for cash of $6,000. 6. Acquired an investment in Wagner stock for cash of $10,000. What is the net cash provided...
ley Corporation had these transactions during 2017. Analyze the transactions and indicate whether each transaction is...
ley Corporation had these transactions during 2017. Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing a (a) Purchased a machine for $30,000, giving a long-term note in exchange (b) Issued $50,000 par value common stock for cash. (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. (d) Dedared and paid a cash dividend of $13,000. (e) Sold a long-term...
Tabares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing...
Tabares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity. (a) Issued $50,000 par value common stock for cash. (b) Purchased a machine for $30,000, giving a long-term note in exchange. (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. (d) Declared and paid a cash dividend of $18,000. (e) Sold a long-term investment with a cost...
Question 7 Crane's Vegetable Market had the following transactions during 2019: 1. Issued $55000 of par...
Question 7 Crane's Vegetable Market had the following transactions during 2019: 1. Issued $55000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $23000. 3. Acquired land by issuing common stock of par value $55000.. 4. Declared and paid a cash dividend of $7200. 5. Sold a long-term investment (cost $3500) for cash of $5800. 6. Acquired an investment in IBM stock for cash of $10400. What is the net cash...
Pace Tech Market had the following transactions during 2020: 1.Issued $50,000 of par value common stock...
Pace Tech Market had the following transactions during 2020: 1.Issued $50,000 of par value common stock for cash. 2.Repaid a 6 year note payable in the amount of $22,000. 3.Acquired land by issuing common stock of par value $100,000. 4.Declared and paid a cash dividend of $2,000. 5.Sold a long-term investment (cost $53,000) for cash of $82,000. 6.Acquired an investment in PwC stock for cash of $55,000. What is the net cash provided (used) by investing activities? a.$15,000 b.$33,000 c.$27,000...
morrow corporation Morrow Corporation had the following transactions during 2014: 1. Issued $125,000 of par value...
morrow corporation
Morrow Corporation had the following transactions during 2014: 1. Issued $125,000 of par value common stock for cash. 2. Recorded and paid wages expense of $60,000. 3. Acquired land by issuing commok stock of par value $50,000. 4. Declared and paid a cash dividend of $10,000. 5. Sold a long-term investment (cost $3,000) for cash of $3,000. 6. Recorded cash sales of $400,000. 7. Bought inventory for cash of $160,000. 8. Acquired an investment in Zynga stock for...
E12.1 (LO 1) Tabares Corporation had these transactions during 2020. a. Issued $50,000 par value common stock for cash. b. Purchased a machine for $30,000, giving a long-term note in exchange. c. Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. d. Declared and paid a cash dividend of $18,000. e. Sold a long-term investment with a cost of $15,000 for $15,000 cash. f. Collected $16,000 from sale of goods. g. Paid $18,000...
During 2020, Red Dragon Corporation had the following transactions and events: 1. Issued par value preferred stock for cash at par value. 2. Issued par value common stock for cash at an amount greater than par value 3. Completed a 2 for 1 stock split in which the $10 par value common stock was changed to $5 par value stock. 4. Declared a small stock dividend when the market value was higher than the par value. . Declared a cash...
During 2020, Red Dragon Corporation had the following transactions and events: Issued par value preferred stock for cash at par value. 2. Issued par value common stock for cash at an amount greater than par value. 3. Completed a 2 for 1 stock split in which the $10 par value common stock was changed to $5 par value stock. 4. Declared a small stock dividend when the market value was higher than the par value. 5. Declared a cash dividend....
15) Pace Tech Market had the following transactions during 2020: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22,000. 3. Acquired land by issuing common stock of par value $100,000. 4. Declared and paid a cash dividend of $2,000. 5. Sold a long-term investment (cost $53,000) for cash of $82,000. 6. Acquired an investment in PwC stock for cash of $55,000. What is the net cash provided...
CSI Fashion Market had the following transactions during 2020: 1. Issued $250, 000 of par value common stock for cash. 2. Repaid a 5 year note payable in the amount of $235,000. 3. Acquired Equipment by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $27,000. 5. Sold a long-term investment (cost $13,000) for cash of $6,000. 6. Acquired an investment in Wagner stock for cash of $10,000. What is the net cash provided...
ley Corporation had these transactions during 2017. Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing a (a) Purchased a machine for $30,000, giving a long-term note in exchange (b) Issued $50,000 par value common stock for cash. (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. (d) Dedared and paid a cash dividend of $13,000. (e) Sold a long-term...
Tabares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity. (a) Issued $50,000 par value common stock for cash. (b) Purchased a machine for $30,000, giving a long-term note in exchange. (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. (d) Declared and paid a cash dividend of $18,000. (e) Sold a long-term investment with a cost...
Question 7 Crane's Vegetable Market had the following transactions during 2019: 1. Issued $55000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $23000. 3. Acquired land by issuing common stock of par value $55000.. 4. Declared and paid a cash dividend of $7200. 5. Sold a long-term investment (cost $3500) for cash of $5800. 6. Acquired an investment in IBM stock for cash of $10400. What is the net cash...
morrow corporation
Morrow Corporation had the following transactions during 2014: 1. Issued $125,000 of par value common stock for cash. 2. Recorded and paid wages expense of $60,000. 3. Acquired land by issuing commok stock of par value $50,000. 4. Declared and paid a cash dividend of $10,000. 5. Sold a long-term investment (cost $3,000) for cash of $3,000. 6. Recorded cash sales of $400,000. 7. Bought inventory for cash of $160,000. 8. Acquired an investment in Zynga stock for...
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