On May 10, Bridgeport Corp. issues 1,300 shares of $5 par value common stock for cash...
On May 10, Bridgeport Corp. issues 1,300 shares of $5 par value
common stock for cash at $15 per share.
Journalize the issuance of the stock.
Homework Answers
Journal:
Cash a/c..Dr$19500(1300*15)
To common stock $6500(1300*5)
To paid inn capital in excess of par-common stock $13000.
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On May 10, Bridgeport Corp. issues 1,300 shares of $5 par value
common stock for cash...
On May 10, Riverbed Corp issues 2,300 shares of $5 par value common stock for cash...
On May 10, Riverbed Corp issues 2,300 shares of $5 par value common stock for cash at $12 per share. Journalize the issuance of the stock. (Credit account titles are automatically indented when amoun Debit Credit Date Account Titles and Explanation May 10
On May 10, Paige Corporation issues 2,500 shares of $5 par value common stock for cash...
On May 10, Paige Corporation
issues 2,500 shares of $5 par value common stock for cash at $13
per share.
Journalize the issuance of the stock. (Credit account titles are automatically
indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
May 10
On May 10. Concord Corporation Issues 2,700 shares of $6 par value common stock for cash...
On May 10. Concord Corporation Issues 2,700 shares of $6 par value common stock for cash at $15 per share. Prepare a tabular summary to record the issuance of the stock. Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) Assets Liabilities Stockholders' Equity Paid-in-Capital PIC in Excess of Common Stock Par Value Com....
On June 1st, Noonan Ince. issues 4,000 shares of no-par common stock at a cash price...
On June 1st, Noonan Ince. issues 4,000 shares of no-par common stock at a cash price of $6 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share.
Brief Exercise 8-13 On May 10, Blue Spruce Corp. issues 3,300 shares of $4 par value...
Brief Exercise 8-13 On May 10, Blue Spruce Corp. issues 3,300 shares of $4 par value common stock for cash at $15 per share. Prepare a tabular summary to record the issuance of the stock. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity Item that was reduced.) Assets - Liabilities + Stockholders' Equity Paid-in-Capital Retained Earnings PIC...
Brief Exercise 11-2 On May 10, Jack Corporation issues 2,200 shares of $13 par value common...
Brief Exercise 11-2
On May 10, Jack Corporation issues 2,200 shares of $13 par value
common stock for cash at $21 per share.
Journalize the issuance of the stock. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually. If no entry is required, select "No entry" for the
account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
May 10
if Mary Gold Corp. issues 4000 shares of $10 par value common stock for $36000 the...
if Mary Gold Corp. issues 4000 shares of $10 par value common
stock for $36000 the account
Question 18 View Policies Current Attempt in Progress If Marigold Corp. issues 4000 shares of $10 par value common stock for $360000, the account Cash will be debited for $320000. Common Stock will be credited for $360000. Paid-in Capital in Excess of Par Value will be credited for $40000. Paid-in Capital in Excess of Par Value will be credited for $320000. e Textbook...
Calculator Alliance Corp. issues 1,920 shares of $10 par value common stock at $15 per share....
Calculator Alliance Corp. issues 1,920 shares of $10 par value common stock at $15 per share. When the transaction is recorded, what credit entry or entries are made? Select the correct answer. Ocommon Stock $19,200 and Paid-in Capital in excess of Par Value $9,600. O Common Stock $28,800. O Common Stock $9,600 and Retained Earnings $19,200. Ocommon Stock $19,200 ahd Paid-in Capital in Excess of Stated Value $9,600.
1. Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share....
1. Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are made to a.Common Stock, $7,000, and Paid-In Capital in Excess of Stated Value, $15,000 b.Common Stock, $15,000, and Paid-In Capital in Excess of Par—Common Stock, $7,000 c.Common Stock, $22,000 2. Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:...
ABC Furniture issues/sells 2000 shares of $1 par value common stock for cash at $10 per share. What is the journal entry...
ABC Furniture issues/sells 2000 shares of $1 par value common stock for cash at $10 per share. What is the journal entry to record the issuance of stock?
On May 10, Riverbed Corp issues 2,300 shares of $5 par value common stock for cash at $12 per share. Journalize the issuance of the stock. (Credit account titles are automatically indented when amoun Debit Credit Date Account Titles and Explanation May 10
On May 10, Paige Corporation
issues 2,500 shares of $5 par value common stock for cash at $13
per share.
Journalize the issuance of the stock. (Credit account titles are automatically
indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
May 10
On May 10. Concord Corporation Issues 2,700 shares of $6 par value common stock for cash at $15 per share. Prepare a tabular summary to record the issuance of the stock. Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) Assets Liabilities Stockholders' Equity Paid-in-Capital PIC in Excess of Common Stock Par Value Com....
Brief Exercise 8-13 On May 10, Blue Spruce Corp. issues 3,300 shares of $4 par value common stock for cash at $15 per share. Prepare a tabular summary to record the issuance of the stock. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity Item that was reduced.) Assets - Liabilities + Stockholders' Equity Paid-in-Capital Retained Earnings PIC...
Brief Exercise 11-2
On May 10, Jack Corporation issues 2,200 shares of $13 par value
common stock for cash at $21 per share.
Journalize the issuance of the stock. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually. If no entry is required, select "No entry" for the
account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
May 10
if Mary Gold Corp. issues 4000 shares of $10 par value common
stock for $36000 the account
Question 18 View Policies Current Attempt in Progress If Marigold Corp. issues 4000 shares of $10 par value common stock for $360000, the account Cash will be debited for $320000. Common Stock will be credited for $360000. Paid-in Capital in Excess of Par Value will be credited for $40000. Paid-in Capital in Excess of Par Value will be credited for $320000. e Textbook...
Calculator Alliance Corp. issues 1,920 shares of $10 par value common stock at $15 per share. When the transaction is recorded, what credit entry or entries are made? Select the correct answer. Ocommon Stock $19,200 and Paid-in Capital in excess of Par Value $9,600. O Common Stock $28,800. O Common Stock $9,600 and Retained Earnings $19,200. Ocommon Stock $19,200 ahd Paid-in Capital in Excess of Stated Value $9,600.
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