A company sells 15,000 shares of previously authorized stock at the par value of $20 per share. What's is a journal entry to record the transaction?
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A company sells 15,000 shares of previously authorized stock at the par value of $20 per share. What's is a
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- On April 15 of this year, the board of directors for Jedi Company declared a cash dividend of 62 cents per share payable to stockholders of record on May 20. The dividends will be paid on June 14. The company has 109,000 shares of stock outstanding. Prepare any necessary journal entries for each date. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > Record the appropriate journal entry on April 15 related to the cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit April 15 Record entry Clear entry View general journalOn May 27, Buzz Off Inc. reacquired 80,000 shares of its common stock at $9 per share. On August 3, Buzz Off sold 54,000 of the reacquired shares at $12 per share. On November 14, Buzz Off sold the remaining shares at $7 per share. Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank. Date Account Debit Credit May 27 Aug. 3 Nov. 14Nexis Corp. issues 1,900 shares of $12 par value common stock at $17 per share. When the transaction is recorded, what credit entry or entries are made?
- SICO Co. has 8,000 shares issued and outstanding. The per-share par value is $1.5; book value $40 and market value is $52. 8% stock dividend is declared. Instruction: Prepare the journal entries related to: 1- Date of declaratlon. 2- Date of payment. Essay Toolbar navigation BI U S AThe Shoe Exchange issues 5,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price is $12 per share.What is the entry to record the issuance of the stock? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Record the issuance of the stock. Transaction General Journal Debit Credit 1During its first year of operations, Flounder Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 75,000 shares for cash at $6 per share. July 1 Issued 41,000 shares for cash at $9 per share. Journalize the transactions, assuming that the common stock has a par value of $6 per share. What is the date? What is the title or explanation ? What is debit or credited ?
- On January 3, Melrose Corporation purchased 1,800 shares of the company's $1 par value common stock as treasury stock, paying cash of $11 per share. On January 30, Melrose sold 1,450 shares of the treasury stock for cash of $12 per share. Journalize these transactions (Record debits first then credits Explanations will appear on the last line of the journal entry table.)During its first year of operations, Wildhorse Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 60,000 shares for cash at $7 per share. July 1 Issued 50,000 shares for cash at $10 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $7 per share. (Record journal entries in the order presented in enter o for the amounts.) Date Account Titles and Explanation Debit CreditSICO Co. has 8,000 shares issued and outstanding. The per-share par value is $1.5; book value $40 and market value is $52. 8% stock dividend is declared. Instruction: Prepare the journal entries related to: 1- Date of declaration. 2- Date of payment.
- Quickbux Co. issued and sold 1,000 shares of common stock, with a par value of $5, for $12 per share. The company's balance in retained earnings is $90,000. What items/accounts and $ balances would you expect to see in the shareholder's equity section of the company's balance sheet (i.e., stock, retained earnings, etc.)?On April 15 of this year, the board of directors for Jedi Company declared a cash dividend of 55 cents per share payable to stockholders of record on May 20. The dividends will be paid on June 14. The company has 107,000 shares of stock outstanding. Prepare any necessary journal entries for each date. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)A company sold 10,000 shares of its own $1 par value common stock for $60,000. The entry to record the sale would include a