Question

uring its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock.

Jan. 10 Issued 66,500 shares for cash at $7 per share.
July    1 Issued 35,200 shares for cash at $9 per share.

[Partially correct answer.] Your answer is partially correct. Try again.

Journalize the transactions, assuming that the common stock has a par value of $7 per share. (Record journal entries in the order presented in the problem. 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
[Entry field with correct answer]

Jan. 10
July 1
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]

Jan. 10
July 1
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with incorrect answer]
[Entry field with correct answer]
[Entry field with incorrect answer]

SHOW LIST OF ACCOUNTS
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[Incorrect answer.] Your answer is incorrect. Try again.

Journalize the transactions, assuming that the common stock is no-par with a stated value of $2 per share. (Record journal entries in the order presented in the problem. 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
[Entry field with incorrect answer]

Jan. 10
July 1
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]

Jan. 10
July 1
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]
[Entry field with incorrect answer]

Answer 1