Olde Wine Corporation has 265,500 shares of $30 par common stock outstanding. On February 15, Olde...
Olde Wine Corporation has 265,500 shares of $30 par common stock outstanding. On February 15, Olde Wine Corporation declared a 1% stock dividend to be issued May 2 to stockholders of record on March 27. The market price of the stock was $50 per share on February 15.
Journalize the entries required on February 15, March 27, and May 2. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles.
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Olde Wine Corporation has 265,500 shares of $30 par common stock
outstanding. On February 15, Olde...
Instructions Vincent Corporation has 95,000 shares of $110 par common stock outstanding. On June 30, Vincent...
Instructions Vincent Corporation has 95,000 shares of $110 par common stock outstanding. On June 30, Vincent Corporation declared a 6% stock dividend to be issued on July 30 to stockholders of record July 15. The market price of the stock was $118 a share on June 30. Required: Journalize the entries required on June 30 and July 30. i no entry is required, simply skip to the next transaction Refer to the Chart of Accounts for exact wording of account...
Solar Company has 600,000 shares of $75 par common stock outstanding. On February 13, Solar declared...
Solar Company has 600,000 shares of $75 par common stock outstanding. On February 13, Solar declared a 3% stock dividend to be issued on April 30 to stockholders of record on March 14. The market price of the stock was $90 per share on February 13. Required: Journalize the entries required on February 13, March 14, and April 30. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of...
Pro-Builders Corporation has 271,000 shares of $30 par common stock outstanding. On September 2, Pro-Builders Corporation...
Pro-Builders Corporation has 271,000 shares of $30 par common stock outstanding. On September 2, Pro-Builders Corporation declared a 3% stock dividend to be issued November 30 to stockholders of record on October 3. The market price of the stock was $49 per share on September 2. Journalize the entries required on September 2, October 3, and November 30. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account...
journalize Pro-Builders Corporation has 1,500,000 shares of $5 par common stock outstanding. On September 2. Pro-Buiders...
journalize
Pro-Builders Corporation has 1,500,000 shares of $5 par common stock outstanding. On September 2. Pro-Buiders Corporation declared a 3% stock dividend to be issued November 30 to stockholders of record on October 3. The market price of the stock was 536 per share on September 2 Journalize the entries required on September 2, October 3, and November 30. If no entry is required simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of...
The declaration, record, and payment dates in connection with a cash dividend of $142,000 on a...
The declaration, record, and payment dates in connection with a cash dividend of $142,000 on a corporation’s common stock are January 15, February 15, and March 15. Required: Journalize the entries required on each date. Refer to the Chart of Accounts for exact wording of account titles. If no entry is required, simply skip to the next transaction.
Entries for Stock Dividends Madrid Corporation has 26,000 shares of $30 par common stock outstanding. On...
Entries for Stock Dividends Madrid Corporation has 26,000 shares of $30 par common stock outstanding. On June 8, Madrid Corporation declared a 5% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $36 per share on June 8. Journalize the entries required on June 8, July 13, and August 12. For a compound transaction, if an amount box does not require an entry, leave it blank. If no...
Vincent Corporation has 90,000 shares of $105 par common stock outstanding. On June 30, Vincent Corporation...
Vincent Corporation has 90,000 shares of $105 par common stock outstanding. On June 30, Vincent Corporation declared a 4% stock dividend to be issued on July 30 to stockholders of record July 15. The market price of the stock was $120 a share on June 30. If no entry is required, select "No Entry" and leave the amount boxes blank. Journalize the entry required on June 30. If an amount box does not require an entry, leave it blank. June...
The declaration, record, and payment dates in connection with a cash dividend of $101,600 on a...
The declaration, record, and payment dates in connection with a cash dividend of $101,600 on a corporation’s common stock are January 12, March 13, and April 12. Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of...
Selected transactions completed by Primo Discount Corporation during the current fiscal year are as follows: Jan....
Selected transactions completed by Primo Discount Corporation during the current fiscal year are as follows: Jan. 9 Split the common stock 3 for 1 and reduced the par from $75 to $25 per share. After the split, there were 1,279,500 common shares outstanding. Feb. 28 Purchased 39,200 shares of the corporation’s own common stock at $27, recording the stock at cost. May 1 Declared semiannual dividends of $0.90 on 75,000 shares of preferred stock and $0.15 on the common stock...
Instructions (a) (b) Issued 1,000 shares of $15 par common stock at $54 for cash. Issued...
Instructions (a) (b) Issued 1,000 shares of $15 par common stock at $54 for cash. Issued 1,400 shares of no-par common stock in exchange for equipment with a fair market price of $24,000. (c) Purchased 100 shares of treasury stock at $26 (d) Sold 100 shares of treasury stock purchased in (c) at $29. Required Prepare entries to record the above transactions. Refer to the Chart of Accounts for exact wording of account titles Journalize the entry for each transaction...
Instructions Vincent Corporation has 95,000 shares of $110 par common stock outstanding. On June 30, Vincent Corporation declared a 6% stock dividend to be issued on July 30 to stockholders of record July 15. The market price of the stock was $118 a share on June 30. Required: Journalize the entries required on June 30 and July 30. i no entry is required, simply skip to the next transaction Refer to the Chart of Accounts for exact wording of account...
journalize
Pro-Builders Corporation has 1,500,000 shares of $5 par common stock outstanding. On September 2. Pro-Buiders Corporation declared a 3% stock dividend to be issued November 30 to stockholders of record on October 3. The market price of the stock was 536 per share on September 2 Journalize the entries required on September 2, October 3, and November 30. If no entry is required simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of...
Vincent Corporation has 90,000 shares of $105 par common stock outstanding. On June 30, Vincent Corporation declared a 4% stock dividend to be issued on July 30 to stockholders of record July 15. The market price of the stock was $120 a share on June 30. If no entry is required, select "No Entry" and leave the amount boxes blank. Journalize the entry required on June 30. If an amount box does not require an entry, leave it blank. June...
Instructions (a) (b) Issued 1,000 shares of $15 par common stock at $54 for cash. Issued 1,400 shares of no-par common stock in exchange for equipment with a fair market price of $24,000. (c) Purchased 100 shares of treasury stock at $26 (d) Sold 100 shares of treasury stock purchased in (c) at $29. Required Prepare entries to record the above transactions. Refer to the Chart of Accounts for exact wording of account titles Journalize the entry for each transaction...
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