Homework Answers
| Date | Accounts Titles and Explanation | Debit | Credit | |
| Nov 23 | Land | $360,000 | ||
| Common Stock | $200,000 | (20,000 x $10) | ||
| Paid-In Capital in Excess of Par-Common Stock | $160,000 | (20,000 x $8) | ||
| (To record acquired land) |
Add Answer to:
Uw How Calculator Print item Issuing Stock for Assets Other Than Cash On November 23, Elder...
Issuing Stock for Assets Other Than Cash On April 5, Fenning Corporation, a wholesaler of hydraulic...
Issuing Stock for Assets Other Than Cash On April 5, Fenning Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 26,000 shares of $15 par common stock valued at $20 Journalize the entry to record the transaction. For a compound transaction, if an amount box does not require an entry, leave it blank. Apr. 5
eBook Show Me How Calculator E Print Item Entries for Issuing No-Par Stock On May 15,...
eBook Show Me How Calculator E Print Item Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet Wholesaler, issued for cash 275,000 shares of no-par common stock (with a stated value of $4) at $12, and on June 30, it issued for cash 25,000 shares of preferred stock, $75 par at $79. a. Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. If...
Print item Entries for Issuing Stock On January 22, Shamrock Corporation issued for cash 19,000 shares of no-par co...
Print item Entries for Issuing Stock On January 22, Shamrock Corporation issued for cash 19,000 shares of no-par common stock at $45. On February 14, Shamrock issued at par value 6,000 shares of preferred 8% stock, $50 par for cash. On August 30, Shamrock issued for cash 29,000 shares of preferred 8% stock. $50 par at $56. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry,...
Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for...
Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 180,000 shares of no-par common stock (with a stated value of $3) at $12, and on June 30, it issued for cash 30,000 shares of preferred stock, $80 par at $85. a. Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry,...
eBook Show Me How Calculator Print Item Entries for Issuing Par Stock On January 22, Jefferson...
eBook Show Me How Calculator Print Item Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 60,000 shares of $18 par common stock at $61, and on February 27, it issued for cash 160,000 shares of preferred stock, $4 par at $6. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 Feb. 27 b. What is...
alculator Entries for Issuing No-Par Stock On February 12, Quality Carpet Inc., a carpet wholesaler, issued...
alculator Entries for Issuing No-Par Stock On February 12, Quality Carpet Inc., a carpet wholesaler, issued for cash 310,000 shares of no par common stock with a stated value of 83) at $12, and on August 3, it issued for cash 25,000 shares of $70 par preferred stock at $73. a. Journalize the entries for February 12 and August 3, assuming that the common stock is to be credited with the stated value. For a compound transaction, if an amount...
Entries for Issuing Par Stock On October 31, Legacy Rocks Inc., a marble contractor, issued for...
Entries for Issuing Par Stock On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 150,000 shares of $8 par common stock at $10, and on November 19, it issued for cash 20,000 shares of $12 par preferred stock at $41. a. Journalize the entries for October 31 and November 19. For a compound transaction, if an amount box does not require an entry leave it blank. Oct. 31 Cash Common Stock u Paid-In Capital in Excess of...
Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued...
Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 55,000 shares of $15 par common stock at $51, and on February 27, it issued for cash 110,000 shares of preferred stock, $5 par at $8. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 Cash ✓ Common Stock Paid-In Capital in Excess of Par-Common Stock Feb....
Print Item calculator eBook Show Me How Treasury Stock Transactions Mystic Lake Inc. bottles and distributes...
Print Item calculator eBook Show Me How Treasury Stock Transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 4,400 shares of its common stock at $73 per share. On September 22, Mystic Lake sold 3,100 of the reacquired shares at $82 per share. The remaining 1,300 shares were sold at $69 per share on November 23. a. Journalize the transactions of July 9, September 22, and November 23. If an...
Issuing Stock Professional Products Inc., a wholesaler of office products, was organized on February 5 of...
Issuing Stock Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 125,000 shares of preferred 1 % stock, $60 par and 300,000 shares of $15 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions. Feb. 5. Issued 125,000 shares of common stock at par for cash. Cash Feb. 5. Common Stock Feedback Check My Work What is the company...
Issuing Stock for Assets Other Than Cash On April 5, Fenning Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 26,000 shares of $15 par common stock valued at $20 Journalize the entry to record the transaction. For a compound transaction, if an amount box does not require an entry, leave it blank. Apr. 5
eBook Show Me How Calculator E Print Item Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet Wholesaler, issued for cash 275,000 shares of no-par common stock (with a stated value of $4) at $12, and on June 30, it issued for cash 25,000 shares of preferred stock, $75 par at $79. a. Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. If...
Print item Entries for Issuing Stock On January 22, Shamrock Corporation issued for cash 19,000 shares of no-par common stock at $45. On February 14, Shamrock issued at par value 6,000 shares of preferred 8% stock, $50 par for cash. On August 30, Shamrock issued for cash 29,000 shares of preferred 8% stock. $50 par at $56. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry,...
Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 180,000 shares of no-par common stock (with a stated value of $3) at $12, and on June 30, it issued for cash 30,000 shares of preferred stock, $80 par at $85. a. Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry,...
eBook Show Me How Calculator Print Item Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 60,000 shares of $18 par common stock at $61, and on February 27, it issued for cash 160,000 shares of preferred stock, $4 par at $6. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 Feb. 27 b. What is...
alculator Entries for Issuing No-Par Stock On February 12, Quality Carpet Inc., a carpet wholesaler, issued for cash 310,000 shares of no par common stock with a stated value of 83) at $12, and on August 3, it issued for cash 25,000 shares of $70 par preferred stock at $73. a. Journalize the entries for February 12 and August 3, assuming that the common stock is to be credited with the stated value. For a compound transaction, if an amount...
Entries for Issuing Par Stock On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 150,000 shares of $8 par common stock at $10, and on November 19, it issued for cash 20,000 shares of $12 par preferred stock at $41. a. Journalize the entries for October 31 and November 19. For a compound transaction, if an amount box does not require an entry leave it blank. Oct. 31 Cash Common Stock u Paid-In Capital in Excess of...
Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 55,000 shares of $15 par common stock at $51, and on February 27, it issued for cash 110,000 shares of preferred stock, $5 par at $8. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 Cash ✓ Common Stock Paid-In Capital in Excess of Par-Common Stock Feb....
Print Item calculator eBook Show Me How Treasury Stock Transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 4,400 shares of its common stock at $73 per share. On September 22, Mystic Lake sold 3,100 of the reacquired shares at $82 per share. The remaining 1,300 shares were sold at $69 per share on November 23. a. Journalize the transactions of July 9, September 22, and November 23. If an...
Issuing Stock Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 125,000 shares of preferred 1 % stock, $60 par and 300,000 shares of $15 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions. Feb. 5. Issued 125,000 shares of common stock at par for cash. Cash Feb. 5. Common Stock Feedback Check My Work What is the company...
Most questions answered within 3 hours.
-
Which of the following describes a private network?
1. A wide area network (WAN) linking sites...
asked 11 minutes ago -
The purpose of this
lab: Wireshark Intro Lab
is to get students
familiar with the use of...
asked 20 minutes ago -
Question 3
A 50 percent deduction is allowed for amounts paid or incurred for
dues and...
asked 18 minutes ago -
Assuming that the wave speed varies little when sound waves are
traveling through a material that...
asked 33 minutes ago -
The rise of online shopping and Amazon, in particular, has
created major dilemmas for large food/CPG...
asked 32 minutes ago -
Is oxygen difluoride polar or nonpolar?
nonpolar
polar
ionic
none of the above
asked 44 minutes ago -
Starting from rest, a car accelerates at a constant rate of 2.6
m/s2 for a time...
asked 40 minutes ago -
A pharmaceutical company wants to answer the question whether
time for a drug in pill form...
asked 43 minutes ago -
) Assume that in the market for widgets, demand is highly
elastic compared to supply. If...
asked 54 minutes ago -
Why is a personal interview the most important step in the sales
selection process? What are...
asked 1 hour ago -
In Python rOverlap (x1, y1, w1, h1, x2, y2, w2, h2) A rectangle
is axis-aligned if...
asked 1 hour ago -
If we observe in a protein solution that DNA is causing a
mixture 260/280 ratio ~0.9,...
asked 1 hour ago