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Question 6 If Bramble Corp. issues 11000 shares of $5 par value common stock for $205000,...
if Mary Gold Corp. issues 4000 shares of $10 par value common stock for $36000 the account Question 18 View Policies Current Attempt in Progress If Marigold Corp. issues 4000 shares of $10 par value common stock for $360000, the account Cash will be debited for $320000. Common Stock will be credited for $360000. Paid-in Capital in Excess of Par Value will be credited for $40000. Paid-in Capital in Excess of Par Value will be credited for $320000. e Textbook...
Question1 If Waterway Company issues 10300 shares of $5 par value common stock for $160200, the account Paid-in Capital in Excess of Par will be credited for $51500. O Paid-in Capital in Excess of Par will be credited for $160200 Common Stock will be credited for $51500 Cash will be debited for $108700.
If Sheffield Company issues 5300 shares of $5 par value common stock for $189000. Cash will be debited for $162500. Paid-In Capital in Excess of Par will be credited for $162500. Common Stock will be credited for $189000. Paid-In Capital in Excess of Par will be credited for $26500.
Bramble Corp. has 11000 shares of 5%, $100 par value, non-cumulative preferred stock and 44000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $132000 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020? $55000. $132000. $0. $77000.
If Vaughn Manufacturing issues 11500 shares of $10 par value common stock for $415000, the account Paid-in Capital in Excess of Par Value will be credited for $415000. Cash will be debited for $300000. Common Stock will be credited for $115000. Paid-in Capital in Excess of Par Value will be credited for $115000. 8-4
d. $16,667 9. If Vickers Company issues 4,000 shares of $5 par value common stock for $140,000 a. Common Stock will be credited for $140,000. b. Paid-in Capital in Excess of Par will be credited for $20,000. c. Paid-In Capital in Excess of Par will be credited for $120,000. d. Cash will be debited for $120,000 in navment of
Question 9 3 pts 1,000 shares of common stock with a par value of $5 is sold for $8. Which of the following is correct: A. Cash is debited for $5,000 B. Common Stock is debited for $5,000 C. Paid in Capital in Excess of Paris credited for $3,000 D. Common Stock is credited for $8,000 Clied for 90
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:...
Calculator Alliance Corp. issues 1,920 shares of $10 par value common stock at $15 per share. When the transaction is recorded, what credit entry or entries are made? Select the correct answer. Ocommon Stock $19,200 and Paid-in Capital in excess of Par Value $9,600. O Common Stock $28,800. O Common Stock $9,600 and Retained Earnings $19,200. Ocommon Stock $19,200 ahd Paid-in Capital in Excess of Stated Value $9,600.
If a corporation issues 6,000 shares of $5 par value common stock for $90,000, the journal entry would include a credit to: O A. Paid - in Capital in Excess of Par-Common for $90,000 O B. Common Stock for $90,000 OC. Paid - in Capital in Excess of Par—Common for $60,000. OD. Common Stock for $60,000