Coastal Corporation issued 25,000 shares of $11 par value common stock at $22 per share and...
Coastal Corporation issued 25,000 shares of $11 par value common
stock at $22 per share and 6,000 shares of $56 par value, eight
percent preferred stock at $84 per share. Later, the company
purchased 3,000 shares of its own common stock at $26 per
share.
a. Prepare the journal entries to record the share issuances and
the purchase of the common shares.
b. Assume that Coastal sold 2,000 shares of the treasury stock at
$30 per share. Prepare the general journal entry to record the sale
of this treasury stock.
c. Assume that Coastal sold the remaining 1,000 shares of treasury
stock at $19 per share. Prepare the journal entry to record the
sale of this treasury stock.
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Coastal Corporation issued 25,000 shares of $11 par value common stock at $22 per share and...
Treasury Stock Coastal Corporation issued 25,000 shares of $8 par value common stock at $20 per...
Treasury Stock Coastal Corporation issued 25,000 shares of $8 par value common stock at $20 per share and 6,000 shares of $53 par value, eight percent preferred stock at $61 per share. Later, the company purchased 3,000 shares of its own common stock at $23 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Coastal sold 2,000 shares of the treasury stock at $29 per share. Prepare...
Treasury Stock Coastal Corporation issued 25,000 shares of $6 par value common stock at $18 per...
Treasury Stock Coastal Corporation issued 25,000 shares of $6 par value common stock at $18 per share and 6,000 shares of $50 par value, eight percent preferred stock at $79 per share. Later, the company purchased 3,000 shares of its own common stock at $21 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Coastal sold 2,000 shares of the treasury stock at $27 per share. Prepare...
Treasury Stock Inland Corporation issued 30,000 shares of $5 par value common stock at $15 per...
Treasury Stock Inland Corporation issued 30,000 shares of $5 par value common stock at $15 per share and 8,000 shares of $50 par value, eight percent preferred stock at $85 per share. Later, the company purchased 3,000 shares of its own common stock at $20 per share. X X 0x X X a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Inland sold 2,000 shares of the treasury stock...
I viuuuu Po preferred stock at $68 The common stock has E11-2A. Share Issuances for Cash...
I viuuuu Po preferred stock at $68 The common stock has E11-2A. Share Issuances for Cash Finlay, Inc., issued 9,000 shares of $50 par value preferred st per share and 12,000 shares of no-par value common stock at $12 per share. The comme no stated value. All issuances were for cash. a. Prepare the journal entries to record the share issuances. b. Prepare the journal entry for the issuance of the common stock assuming that it had value of $5...
Treasury Stock Pomona Corporation issued 60,000 shares of $3 par value common stock at $21 per...
Treasury Stock Pomona Corporation issued 60,000 shares of $3 par value common stock at $21 per share and 9,000 shares of $30 par value, ten percent preferred stock at $85 per share. Later, the company purchased 2,000 shares of its own common stock at $23 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Pomona sold 1,500 shares of the treasury stock at $30 per share. Prepare...
P11-6A HW Ves, Pipe Cry. ummon stock asis $85 per share. Later, 204,6 of the common...
P11-6A
HW Ves, Pipe Cry. ummon stock asis $85 per share. Later, 204,6 of the common states ware. Prepare the general c. What is the balance in I T ing the stock split? Is a journal entry required to record the forward stock split? If yes, UILE E11-44. Treasury Stock Inland Corporation issued 30,000 shares of $5 par value comm Treasury Stock Inland Corporation share and 8,000 shares of $50 par value, eight percent preferred stock at $85 company purchased...
Westglow Corporation purchased 3,000 shares of its $5 par value common stock for a cash price...
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1. Swifty Corporation issued 309 shares of $10 par value common stock and 141 shares of...
1. Swifty Corporation issued 309 shares of $10 par value common stock and 141 shares of $50 par value preferred stock for a lump sum of $18,252. The common stock has a market price of $20 per share, and the preferred stock has a market price of $100 per share. Prepare the journal entry to record the issuance 2. Oriole Corporation issued 530 shares of $100 par value preferred stock for $64,400. Prepare Oriole’s journal entry. 3. The common stock...
Waterway Corporation issued 342 shares of $10 par value common stock and 150 shares of $50...
Waterway Corporation issued 342 shares of $10 par value common stock and 150 shares of $50 par value preferred stock for a lump sum of $19,656. The common stock has a market price of $20 per share, and the preferred stock has a market price of $100 per share. Prepare the journal entry to record the issuance.
Eastline Corporation had 10,000 shares of $10 per value common stock directors declared a 15% stock...
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Treasury Stock Coastal Corporation issued 25,000 shares of $8 par value common stock at $20 per share and 6,000 shares of $53 par value, eight percent preferred stock at $61 per share. Later, the company purchased 3,000 shares of its own common stock at $23 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Coastal sold 2,000 shares of the treasury stock at $29 per share. Prepare...
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I viuuuu Po preferred stock at $68 The common stock has E11-2A. Share Issuances for Cash Finlay, Inc., issued 9,000 shares of $50 par value preferred st per share and 12,000 shares of no-par value common stock at $12 per share. The comme no stated value. All issuances were for cash. a. Prepare the journal entries to record the share issuances. b. Prepare the journal entry for the issuance of the common stock assuming that it had value of $5...
P11-6A
HW Ves, Pipe Cry. ummon stock asis $85 per share. Later, 204,6 of the common states ware. Prepare the general c. What is the balance in I T ing the stock split? Is a journal entry required to record the forward stock split? If yes, UILE E11-44. Treasury Stock Inland Corporation issued 30,000 shares of $5 par value comm Treasury Stock Inland Corporation share and 8,000 shares of $50 par value, eight percent preferred stock at $85 company purchased...
Eastline Corporation had 10,000 shares of $10 per value common stock directors declared a 15% stock dividend to its shareholders. At the time of the stock videod, the m ning when the board value per share was $12. The try to record e is dividend is Required: A What number of shares will be issued as a divend B. Using the account named "Stock Dividend Distributable prepare the journal entry to report the dividend on the declaration date. 8. A...
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