On May 10, a company issued for cash 1,600 shares of no-par
common stock (with a...
On May 10, a company issued for cash 1,600 shares of no-par
common stock (with a stated value of $4) at $17, and on May 15, it
issued for cash 2,000 shares of $17 par preferred stock at $61.
Journalize the entries for May 10 and 15, assuming that the
common stock is to be credited with the stated value. If an amount
box does not require an entry, leave it blank.
On April 1, 10,000 shares of $8 par common stock were issued at
$26, and on...
On April 1, 10,000 shares of $8 par common stock were issued at
$26, and on April 7, 6,000 shares of $80 par preferred stock were
issued at $108.
Journalize the entries for April 1 and 7. If an amount box does
not require an entry, leave it blank.
Apr. 1
Apr. 7
On January 22, Shamrock Corporation issued for cash 12,000
shares of no-par common stock at $50....
On January 22, Shamrock Corporation issued for cash 12,000
shares of no-par common stock at $50. On February 14, Shamrock
issued at par 7,000 shares of 3%, $75 par preferred stock for cash.
On August 30, Shamrock Corporation issued for cash 23,000 shares of
preferred 3% stock, $75 par at $80. Journalize the entries to
record the January 22, February 14, and August 30 transactions. For
a compound transaction, if an amount box does not require an entry,
leave it...
On May 10, a company issued for cash 1500 shares of no par
common stock (with...
On May 10, a company issued for cash 1500 shares of no par
common stock (with a stated value of $2) at $10/share.
On May 15, the company issued 2000 shares of $15 par preferred
stock for $50/share.
Journalize these transactions.
1,400,000 shares of no-par common stock were authorized;
327,000 shares were issued on January 1, 2016,...
1,400,000 shares of no-par common stock were authorized;
327,000 shares were issued on January 1, 2016, at $30 per
share.
426,000 shares of $90 par value, 10.00% cumulative, preferred
stock were authorized, and 130,000 shares were issued on January 1,
2016, at $133 per share.
Net income for the years ended December 31, 2016, 2017, and
2018, was $4,680,000, $7,040,000, and $9,160,000,
respectively.
No dividends were declared or paid during 2016 or 2017.
However, on December 17, 2018, the board...
Entries for Issuing Stock
On January 22, Limerick Corporation issued for cash 13,000
shares of no-par...
Entries for Issuing Stock
On January 22, Limerick Corporation issued for cash 13,000
shares of no-par common stock at $45. On February 14, Limerick
issued at par value 9,000 shares of preferred 8% stock, $75 par for
cash. On August 30, Limerick issued for cash 28,000 shares of
preferred 8% stock, $75 par at $79.
Journalize the entries to record the January 22, February 14,
and August 30 transactions. If an amount box does not require an
entry, leave it...
On January 22, Ireland Corporation issued for cash 32,000 shares
of no-par common stock at $35....
On January 22, Ireland Corporation issued for cash 32,000 shares
of no-par common stock at $35. On February 14, Ireland issued at
par value 10,000 shares of preferred 7% stock, $80 par for cash. On
August 30, Ireland issued for cash 24,000 shares of preferred 7%
stock, $80 par at $86.
Journalize the entries to record the January 22, February 14,
and August 30 transactions.
On January 1, Guillen Corporation had 95,000 shares of no-par
common stock issued and outstanding. The...
On January 1, Guillen Corporation had 95,000 shares of no-par
common stock issued and outstanding. The stock has a stated value
of $5 per share. During the year, the following occurred.
Apr.
1
Issued 25,000 additional shares of common stock for $17 per
share.
June
15
Declared a cash dividend of $1 per share to stockholders of
record on June 30.
July
10
Paid the $1 cash dividend.
Dec.
1
Issued 2,000 additional shares of common stock for $19 per...
On February 13, Epperson Company issued for cash 75,000 shares
of no-par common stock (with a...
On February 13, Epperson Company issued for cash 75,000 shares
of no-par common stock (with a stated value of $125) at $140. On
September 9, Epperson issued at par 15,000 shares of 1%, $60 par
preferred stock at par for cash. On November 23, Epperson issued
for cash 8,000 shares of 1%, $60 par preferred stock at $70.
Required:
Journalize the entries to record the February 13, September 9,
and November 23 transactions. If an amount box does not require...
Entries for Issuing Stock On January 22, Limerick Corporation
issued for cash 26,000 shares of no-par...
Entries for Issuing Stock On January 22, Limerick Corporation
issued for cash 26,000 shares of no-par common stock at $30. On
February 14, Limerick issued at par 7,000 shares of 7%, $60 par
preferred stock for cash. On August 30, Limerick Corporation issued
for cash 12,000 shares of preferred 7% stock, $60 par at $65.
Journalize the entries to record the January 22, February 14, and
August 30 transactions. For a compound transaction, if an amount
box does not require...