Homework Answers
| Transaction | General Journal | Debit | Credit |
| 1 | Cash | $27,000 | - |
| Preferred stock (1,000 X $0.01) | - | $10 | |
|
Paid in capital in excess of par - Preferred stock [1,000 X ($27 - $0.01)] |
- | $26,990 | |
| (To record issue of preferred stock) |
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Equinox Outdoor Wear Issues 1000 shares of its $0.01 par value preferred stock for cash at...
Equinox Outdoor Wear issues 1,000 shares of its $0.01 par value preferred stock for cash at...
Equinox Outdoor Wear issues 1,000 shares of its $0.01 par value preferred stock for cash at $15 per share. Record the issuance of the preferred shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of preferred stock. Note: Enter debits before credits. Transaction General Journal Debit Credit Rachel's Designs has 1,800 shares of 5%, $50 par value cumulative preferred stock...
Brief Exercise 10-5 Record issuance of preferred stock (LO10-3) Equinox Outdoor Wear issues 1,000 shares of...
Brief Exercise 10-5 Record issuance of preferred stock (LO10-3) Equinox Outdoor Wear issues 1,000 shares of its $0.01 par value preferred stock for cash at $23 per share Record the issuance of the preferred shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the issuance of preferred stock. Note: Enter debits before credits General Journal Clear entry View general journal
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value...
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $17 per share. February 6 Issues 1,200 shares of 8% preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $22 per share. December 15 Resells 5,000 shares of treasury stock at $27 per...
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value...
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $34 per share. February 6 Issues 2,900 shares of 8% preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $39 per share. December 15 Resells 5,000 shares of treasury stock at $44 per...
help California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $16...
help
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $16 per share. Later in the year, the company decides to purchase 100 shares at a cost of $19 per share. Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury stock. Note: Enter debits before credits Transaction General...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $25 per...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $25 per share. Later in the year, the company decides to purchase 100 shares at a cost of $28 per share. Record the transaction if California Surf resells the 100 shares of treasury stock at $30 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the sale...
Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common....
Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of tock and 4,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 1,700 shares of common stock for $48 per share. May 15 Purchase 460 shares of treasury stock for $41 per share. July 10 Resell 260 shares of treasury stock purchased on May 15 for $46 per share. October...
Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common....
Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 430 shares of preferred stock and 5,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 2,400 shares of common stock for $55 per share. May 15 Purchase 530 shares of treasury stock for $48 per share. July 10 Resell 330 shares of treasury stock purchased on May 15...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Brief Exercise 10-8 Record purchase of treasury stock (LO10-4) Record the purchase of treasury stock. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Brief Exercise 10-8 Record purchase of treasury stock (LO10-4) Record the purchase of treasury stock. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury...
Equinox Outdoor Wear issues 1,000 shares of its $0.01 par value preferred stock for cash at $15 per share. Record the issuance of the preferred shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of preferred stock. Note: Enter debits before credits. Transaction General Journal Debit Credit Rachel's Designs has 1,800 shares of 5%, $50 par value cumulative preferred stock...
Brief Exercise 10-5 Record issuance of preferred stock (LO10-3) Equinox Outdoor Wear issues 1,000 shares of its $0.01 par value preferred stock for cash at $23 per share Record the issuance of the preferred shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the issuance of preferred stock. Note: Enter debits before credits General Journal Clear entry View general journal
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $17 per share. February 6 Issues 1,200 shares of 8% preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $22 per share. December 15 Resells 5,000 shares of treasury stock at $27 per...
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $34 per share. February 6 Issues 2,900 shares of 8% preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $39 per share. December 15 Resells 5,000 shares of treasury stock at $44 per...
help
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $16 per share. Later in the year, the company decides to purchase 100 shares at a cost of $19 per share. Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury stock. Note: Enter debits before credits Transaction General...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $25 per share. Later in the year, the company decides to purchase 100 shares at a cost of $28 per share. Record the transaction if California Surf resells the 100 shares of treasury stock at $30 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the sale...
Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of tock and 4,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 1,700 shares of common stock for $48 per share. May 15 Purchase 460 shares of treasury stock for $41 per share. July 10 Resell 260 shares of treasury stock purchased on May 15 for $46 per share. October...
Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 430 shares of preferred stock and 5,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 2,400 shares of common stock for $55 per share. May 15 Purchase 530 shares of treasury stock for $48 per share. July 10 Resell 330 shares of treasury stock purchased on May 15...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Brief Exercise 10-8 Record purchase of treasury stock (LO10-4) Record the purchase of treasury stock. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Brief Exercise 10-8 Record purchase of treasury stock (LO10-4) Record the purchase of treasury stock. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury...
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