On January 2, 2016, Alpha Corporation issued 5,000 shares of $2 par value common stock. The...
On January 2, 2016, Alpha Corporation issued 5,000 shares of $2 par value common stock. The issue price was $7.50 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 entry.
Homework Answers
| Date | Debit | Credit | ||
| January 2, 2016 | Cash | 37500 | =5000*7.50 | |
| Common stock | 10000 | =5000*2 | ||
| Paid in capital in excess of par-Common stock | 27500 |
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On January 2, 2016, Alpha Corporation issued 5,000 shares of $2
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On January 2,2016, Alpha Corporation issued 2,500 shares of $5 par value common stock. The issue...
On January 2,2016, Alpha Corporation issued 2,500 shares of $5 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries. Format General Journal: Debit Credit Date Accounts
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