On April 1, 12,000 shares of $5 par common stock were issued at $24, and on April 7, 3,000 shares...
On April 1, 12,000 shares of $5 par common stock were issued at $24, and on April 7, 3,000 shares of $50 par preferred stock were issued at $106.
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Homework Answers
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On April 1, 12,000 shares of $5 par common stock were issued at $24, and on April 7, 3,000 shares...
On April 1, 10,000 shares of $8 par common stock were issued at $25, and on...
On April 1, 10,000 shares of $8 par common stock were issued at $25, and on April 7, 3,000 shares of $80 par preferred stock were issued at $107. Required: Journalize the entries for April 1 and 7. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts 193 Equipment 534 Insurance Expense 194 Accumulated Depreciation-Equipment LIABILITIES 210 Accounts Payable 221 Notes Payable 535 Supplies Expense 536 Organizational Expenses 561 Depreciation Expense-Building 562 Depreciation Expense-Equipment...
On April 1, 10,000 shares of $5 par common stock were issued at $24, and on...
On April 1, 10,000 shares of $5 par common stock were issued at $24, and on April 7, 4,000 shares of $50 par preferred stock were issued at $106. Required: Journalize the entries for April 1 and 7. Refer to the Chart of Accounts for exact wording of account titles.
Calculator On April 2 a corporation purchased for cash 7,000 shares of its own $14 par common stock at $28 per sh...
Calculator On April 2 a corporation purchased for cash 7,000 shares of its own $14 par common stock at $28 per share. It sold 4,000 of the treasury shares at $31 share on June 10. The remaining 3000 shares were sold on November 10 for $24 per share. a. Journalize the entries to record the purchase (treasury stock is recorded at cost). Apr. 2 b. Journalize the entries to record the sale of the stock. If an amount box does...
1. On April 1, 10,000 shares of $5 par common stock were issued at $22, and...
1. On April 1, 10,000 shares of $5 par common stock were issued at $22, and on April 7, 5.000 shares of $50 par preferred stock were issued at $104. Journalize the entries for April 1 and 7. 2. On April 10, Maranda Corporation issued for cash 11,000 shares of no-par common stock at $25. On May 5, Maranda issued at par 1,000 shares of 4%, $50 par preferred stock for cash. On May 25, Maranda issued for cash 15,000...
On April 1, 8,000 shares of $7 par common stock were issued at $25, and on...
On April 1, 8,000 shares of $7 par common stock were issued at $25, and on April 7, 3,000 shares of $70 par preferred stock were issued at $107. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Apr. 1 Apr. 7
On April 1, 9,000 shares of $7 par common stock were issued at $26, and on...
On April 1, 9,000 shares of $7 par common stock were issued at $26, and on April 7, 5,000 shares of $70 par preferred stock were issued at $108. Required: Journalize the entries for April 1 and 7. Refer to the Chart of Accounts for exact wording of account titles.
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...
Blue Spruce Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $49. D...
Blue Spruce Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $49. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18,500 shares for cash at $59 per share. July 1 Issued 12,000 shares for cash at $63 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented...
Problem 13-03A a-c (Video) The stockholders' equity accounts of Ayayai Corporation on January 1, 2020, were as follows Preferred Stock (8%, $48 par, 10,000 shares authorized) Common Stock ($1 sta...
Problem 13-03A a-c (Video) The stockholders' equity accounts of Ayayai Corporation on January 1, 2020, were as follows Preferred Stock (8%, $48 par, 10,000 shares authorized) Common Stock ($1 stated value, 1,900,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $360,000 1,000,000 100,000 1,400,000 1,750,000 40,000 During 2020, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued...
On April 2 a corporation purchased for cash 7,000 shares of its own $11 par common...
On April 2 a corporation purchased for cash 7,000 shares of its own $11 par common stock at $20 a share. It sold 4,000 of the treasury shares at $32 a share on June 10. The remaining 3,000 shares were sold on November 10 for $25 a share. Required: (a) Joumalize the entries to record the purchase (Treasury stock is recorded at cost), (b) Journalize the entries to record the sale of the stock *Refer to the Chart of Accounts...
On April 1, 10,000 shares of $8 par common stock were issued at $25, and on April 7, 3,000 shares of $80 par preferred stock were issued at $107. Required: Journalize the entries for April 1 and 7. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts 193 Equipment 534 Insurance Expense 194 Accumulated Depreciation-Equipment LIABILITIES 210 Accounts Payable 221 Notes Payable 535 Supplies Expense 536 Organizational Expenses 561 Depreciation Expense-Building 562 Depreciation Expense-Equipment...
Calculator On April 2 a corporation purchased for cash 7,000 shares of its own $14 par common stock at $28 per share. It sold 4,000 of the treasury shares at $31 share on June 10. The remaining 3000 shares were sold on November 10 for $24 per share. a. Journalize the entries to record the purchase (treasury stock is recorded at cost). Apr. 2 b. Journalize the entries to record the sale of the stock. If an amount box does...
1. On April 1, 10,000 shares of $5 par common stock were issued at $22, and on April 7, 5.000 shares of $50 par preferred stock were issued at $104. Journalize the entries for April 1 and 7. 2. On April 10, Maranda Corporation issued for cash 11,000 shares of no-par common stock at $25. On May 5, Maranda issued at par 1,000 shares of 4%, $50 par preferred stock for cash. On May 25, Maranda issued for cash 15,000...
On April 1, 8,000 shares of $7 par common stock were issued at $25, and on April 7, 3,000 shares of $70 par preferred stock were issued at $107. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Apr. 1 Apr. 7
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...
Blue Spruce Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $49. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 18,500 shares for cash at $59 per share. July 1 Issued 12,000 shares for cash at $63 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented...
Problem 13-03A a-c (Video) The stockholders' equity accounts of Ayayai Corporation on January 1, 2020, were as follows Preferred Stock (8%, $48 par, 10,000 shares authorized) Common Stock ($1 stated value, 1,900,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $360,000 1,000,000 100,000 1,400,000 1,750,000 40,000 During 2020, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued...
On April 2 a corporation purchased for cash 7,000 shares of its own $11 par common stock at $20 a share. It sold 4,000 of the treasury shares at $32 a share on June 10. The remaining 3,000 shares were sold on November 10 for $25 a share. Required: (a) Joumalize the entries to record the purchase (Treasury stock is recorded at cost), (b) Journalize the entries to record the sale of the stock *Refer to the Chart of Accounts...
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