Question

X E13-21 (similar to) Stanley Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Stanley Systems? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any jou May 19: Issued 1,200 shares of $1 par value common stock for cash of $11.00 per share. Date Accounts Debit Credit May 19 Choose from any list or enter any number in the input fields and then click Check Answer 3 parts Clear All remaining

Answer 1

B2. 1 А C D E F G 1 date debit credit 2 1 accounts 3 19-May cash $13,200 4 $1,200 5 common stock $12,000 paid in capital in excess of par-common stock 6 7 $10,000 cash 8 3-Jun preferred stock $800 $9,200 paid in capital in excess of stated value-common stock 10 11 11-Jun equipment $73,000 12 $4,000 13 common stock $69,000 paid in capital in excess of par-common stock 14 15 16 $96,200 total paid-in capital generated by these transactions 17 2 18 note explanations have been omitted because the question specifically asks for their omission 19 20 .. LO

for formulas and calculations, refer to the image below -

В2 В А C D E G 1 1date 2 debit credit accounts 3 43604 cash - 1200*11 4 - 1200*1 5 common stock -E4-F5 paid in capital in excess of par-common stock 6 7 43619 cash - 10000 - 200*4 preferred stock 9 -E8-F9 paid in capital in excess of stated value-common stock 10 11 43627 equipment 73000 12 4000*1 13 common stock -E12-F13 paid in capital in excess of par-common stock 14 15 16 -F5+F6+F9+F10+F13+F14 2 total paid-in capital generated by these transactions 17 18 note explanations have been omitted because the question specifically asks for their omission. 19 20 .. co. st LO LO

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