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At the beginning of this year. The Richard Pryor Company completed an initial public offering OPOL,...
Clearbon Manufacturing Co. completed the following transactions during 2018 (Click the icon to view the transactions.)...
Clearbon Manufacturing Co. completed the following transactions during 2018 (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Clearborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry Accounts and Explanation column and leave the remaining cells blank.) required, select "No entry required" on the first line of the Jan. 16: Declared a cash dividend on the 5 %, $99...
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased...
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20? Debit Cash $2,300; credit Paid-in Capital, Treasury...
Prior to September 30, a company has never had any treasury stock transactions. A company repurchased...
Prior to September 30, a company has never had any treasury stock transactions. A company repurchased 1,000 shares of its $2 par common stock on September 30 for $20 per share. On October 2, it reissued 400 of these shares at $21 per share. On October 12, it reissued the remaining 600 shares at $19 per share. The journal entry to record the reissuance of the shares on October 12 would be: a) Debit Cash, $11,400; Credit Treasury Stock, $800;...
Halborn Manufacturing Co. completed the following transactions during 2018: i More Info Jan. Feb. Jun. Jul....
Halborn Manufacturing Co. completed the following transactions
during 2018:
i More Info Jan. Feb. Jun. Jul. 16 Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.30 per share dividend on the 90,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. 15 Paid the cash dividends. 10 Split common stock 2-for-1. 30 Declared a 40% stock dividend on...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders' equity accounts,...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders' equity accounts, with balances on January 1, 20Y6, are as follows: Common Stock, $10 stated value (900,000 shares authorized, 600,000 shares issued) $6,000,000 Paid-In Capital in Excess of Stated Value-Common Stock 1,150,000 Retained Earnings 13,620,000 Treasury Stock (60,000 shares, at cost) 840,000 The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.15 per share on the common stock. The dividend had...
STOCK TRANSACTIONS Show the effects of each transaction on the balance sheet equation, and prepare journal...
STOCK TRANSACTIONS Show the effects of each transaction on the balance sheet equation, and prepare journal entries to receord the transactions. Ref. Liabilities + Assets Cash (+A) (a) 250,000 Strait Corp. sold 10,000 shares of $1 par value stock for $25 per share on May 1. Equity Common Stock (+SE) Additional Paid-in Capital (+SE) 10,000 240,000 Date Credit Debit 250,000 1-May Account Cash Common Stock Additional Paid-in Capital 10,000 240,000 Liabilities + Equity Assets Cash (-A) (b) (16,000) | (16,000)...
please help to make sure box's below are the correct numbers. I am having a hard...
please help to make sure box's below are the correct numbers. I
am having a hard time and need help. Tx & I will Rate! :)
Entries for Selected Corporate Transactions
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow
Enterprises’ stockholders’ equity accounts, with balances on
January 1, 20Y6, are as follows:
Common Stock, $10 stated value (900,000 shares authorized,
600,000 shares issued)
$6,000,000
Paid-In Capital in Excess of Stated Value-Common Stock
1,150,000
Retained Earnings
13,620,000
Treasury Stock (60,000 shares, at...
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances...
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 20Y5, are as follows: Common Stock, $10 stated value (350,000 shares authorized, 240,000 shares issued) $2,400,000 Paid-In Capital in Excess of Stated Value-Common Stock 450,000 Retained Earnings 5,450,000 Treasury Stock (24,000 shares, at cost) 360,000 The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.15 per share on the common stock. The dividend had been properly...
Entries for Selected Corporate Transactions Selected transactions completed by ATV Discount Corporation during the current fiscal...
Entries for Selected Corporate Transactions Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Instructions: Journalize the transactions. If no entry is required, select "No Entry Required" from the dropdown box and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it blank. Jan. 5. Split the common stock 4 for 1 and reduced the par from $100 to $25 per share. After the...
company D announces that it has 10,000,000 shares authorized and issued. In its initial public offering...
company D announces that it has 10,000,000 shares authorized and issued. In its initial public offering 7,000,000 of these shares were offered to the public. this leaves 3,000,000 yet to be offered and so they are not "outstanding." three years after the public offering Company D repurchased 2,200,000 shares. The Company continues to hold them for possible reissuance. they have not been retired. there has been no other activity in common stock other than its normal trading in the market....
Clearbon Manufacturing Co. completed the following transactions during 2018 (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Clearborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry Accounts and Explanation column and leave the remaining cells blank.) required, select "No entry required" on the first line of the Jan. 16: Declared a cash dividend on the 5 %, $99...
Halborn Manufacturing Co. completed the following transactions
during 2018:
i More Info Jan. Feb. Jun. Jul. 16 Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.30 per share dividend on the 90,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. 15 Paid the cash dividends. 10 Split common stock 2-for-1. 30 Declared a 40% stock dividend on...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders' equity accounts, with balances on January 1, 20Y6, are as follows: Common Stock, $10 stated value (900,000 shares authorized, 600,000 shares issued) $6,000,000 Paid-In Capital in Excess of Stated Value-Common Stock 1,150,000 Retained Earnings 13,620,000 Treasury Stock (60,000 shares, at cost) 840,000 The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.15 per share on the common stock. The dividend had...
STOCK TRANSACTIONS Show the effects of each transaction on the balance sheet equation, and prepare journal entries to receord the transactions. Ref. Liabilities + Assets Cash (+A) (a) 250,000 Strait Corp. sold 10,000 shares of $1 par value stock for $25 per share on May 1. Equity Common Stock (+SE) Additional Paid-in Capital (+SE) 10,000 240,000 Date Credit Debit 250,000 1-May Account Cash Common Stock Additional Paid-in Capital 10,000 240,000 Liabilities + Equity Assets Cash (-A) (b) (16,000) | (16,000)...
please help to make sure box's below are the correct numbers. I
am having a hard time and need help. Tx & I will Rate! :)
Entries for Selected Corporate Transactions
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow
Enterprises’ stockholders’ equity accounts, with balances on
January 1, 20Y6, are as follows:
Common Stock, $10 stated value (900,000 shares authorized,
600,000 shares issued)
$6,000,000
Paid-In Capital in Excess of Stated Value-Common Stock
1,150,000
Retained Earnings
13,620,000
Treasury Stock (60,000 shares, at...
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