ENOWV2 | Online teach x B Vincent Corporation has 92,00 x eAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress-false Update : Wonder Sales is authorized to issue 100,000 shares of 2%, $100 par preferred stock and 1,000,000 shares of $10 par common stock. Journalize the following transactions. a. On January 2, Wonder Sales issues 5,000 shares of preferred stock for $110 per share and 65,000 shares of common stock at $10 per share. If an amount box does not require an entry, leave it blank. Jan. 2

ENOWV2 | Online teach x B Vincent Corporation has 92,00 x eAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress-false Update : Wonder Sales is authorized to issue 100,000 shares of 2%, $100 par preferred stock and 1,000,000 shares of $10 par common stock. Journalize the following transactions. a. On January 2, Wonder Sales issues 5,000 shares of preferred stock for $110 per share and 65,000 shares of common stock at $10 per share. If an amount box does not require an entry, leave it blank. Jan. 2

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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NOWV2 |Online teachir X A Login Irn/takeAssignment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator=&inprogre.. pok Show Me How 41,000 asury Stock Balance Sheet Stockholders' Equity raid-in capital: Common Stock, $30 Par (80,000 Shares Authorized, 48,000 Shares Issued) 1,440,000 480,000 Excess of Issue Price Over Par 1,920,000 Paid-in capital, common stock 72,000 From Sale of Treasury Stock 1,992,000 Total paid-fn capital Retained Earnings 677,000 Total 41,000 Treasury Stock Total stockholders' equity Feedback Check My Work Recall that paid-in capital reflects the total amount that has been paid into the business by the stockholders for ownership in the corporation. Previous Check My Work 52°F Sunny
geNOWv2 |Online teachin X eAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Calculator E Print Item Fortuna Company is authorized to issue 1,000,000 shares of $1 par value common stock. In its first year, the company has the following transactions: Jan. 31 Issued 38,000 shares at $9 share. Jun. 10 Issued 120,000 shares in exchange for land with a clearly determined value of $820,000. Aug. 3 Purchased 11,000 shares of treasury stock at $8 per share. A. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Jan. 31 Cash Common Stock Additional Paid-in Capital from Common StockV பபா. 10 Land y Common Stock Additional Paid-in Capital from Common Stock Aug. 3 Treasury Stock / Cash Faedback TCheck My Work A. Remember that amounts issued above the par value of the stock would represent extra amounts of capital received by the corporation. Assets purcha use the more clearly determinable amount…
engageNOWv2|Online teachir X ☆ 区 Paused /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%3&inprogress%=false E Calculator E Print Item EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of S50 par value 6% preferred stock. It is also authorized to issue 1,750,000 shares of $1 par value common stock. In its fifth year, the corporation has the following transactions: Mar. 1 Purchased 2,500 shares of its own common stock at $18 per share. Apr. 10 Reissued 1,250 shares of its common stock held in the treasury for $22 per share. Jun. 12 Reissued 1,250 shares of common stock at $16 per share. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Mar. 1 Treasury Stock 45,000 V Cash Apr. 10 Cash v 27,500 V Treasury Stock / Additional Paid-in Capital from Treasury Stock Jun. 12 Cash / 20,000 Additional Paid-in Capital from Treasury Stock Treasury Stock / Y…
: CengageNOWv2|Online teachin x + n/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false h eBook A Calculator Show Me How Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 1% stock, $120 par, and 50,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $12,0003; second year, $34,000; third year, $51,200; fourth year, $90,500. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, leave it blank. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share) Check My Work Next> 414 PM 10/16/2020 2000 ALTEL ho insert pri sc delete & 7 3 8 + backspace E R Y U F J K ente O
geNOWv2 | Oni x M(no subject) - morganm X f Christmas in Dixie BarreX Entry Form- Bayou Pro X LOLA- Log On Louisian X /ilm/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=D&inprogress%3Dfalse eBook Show Me How Entries for Stock Dividends Zurich Corporation has 18,000 shares of $80 par common stock outstanding. On August 2, Zurich Corporation declared a 3% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $121 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Aug. 2 Sept. 15 88 Oct. 8 Check My Work ( Previous Next 8:56 AM a N 11/17/2020 000000
engageNOWv2 | Online teachir x E Login .com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. A eBook Show Me How Dividends Per Share Sandpiper Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: 20Υ1 $112,500 20Υ2 37,500 20Υ3 225,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock Common Stock (dividends per share) (dividends per share) 20Υ1 20Υ2 20Υ3 Previous Next Check My Work 8:35 A 12/3/2
ABP signment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=&inprogress=false Calculator Alliance Corp. issues 2,370 shares of $12 par value common stock at $15 per share. When the transaction is recorded, what credit entry or entries are made? Select the correct answer. Common Stock $35,550. Common Stock $7,110 and Retained Earnings $28,440. Common Stock $28,440 and Paid-in Capital in Excess of Par Value $7,110. Common Stock $28,440 and Paid-in Capital in Excess of Stated Value $7,11o. 4:03 PM
ENOWV2 | Online teachir x 昭 Login 一 Viln/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&in... Balance Sheet Stockholders' Equity Paid-in capital: Common Stock, $30 Par (80,000 Shares Authorized, 48,000 Shares Issued) 1,440,000 480,000 Excess of Issue Price Over Par - v 1,920,000 Paid-in capital, common stock 72,000 From Sale of Treasury Stock $ 1,992,000 Total paid-in capital 677,000 Retained Earnings Total 2,669,000 V Treasury Stock 41,000 V Total stockholders' equity 2,710,000 X Feedback TCheck My Work Recall that paid-in capital reflects the total amount that has been paid into the business by the stockholders for ownership in the corporation. Check MyWork Previous All work saved. Email Instructor Save and Exit Submit Assignment for Grac 9:1 52°F Sunny 12/E 144
ilm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3D&inprogress%3Dfalse 一 eBook Show Me How Entries for Issuing Stock On January 22, Muir Corporation issued for cash 30,000 shares of no-par common stock at $45. On February 14, Muir issued at par value 3,000 shares of preferred 8% stock, $60 par for cash. On August 30, Muir issued for cash 31,000 shares of preferred 8% stock, $60 par at $64. 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 blank. Jan. 22 Accounts Receivable Cash Common Stock Paid-In Capital in Excess of Par-Preferred Stock Preferred Stock Retained Earnings Check My Work Next 8:55 AM 11/17/2020
CengageNOWv2 | Online teachin x A Login w.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre... еВook Show Me How Reporting Stockholders Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 80,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $30 par $1,440,000 Paid-In Capital from Sale of Treasury Stock 72,000 Paid-In Capital in Excess of Par-Common Stock 480,000 Retained Earnings 677,000 Treasury Stock 41,000 • Balance Sheet Stockholders' Equity Paid-in capital: Paid-in capital, common stock Total paid-in capital Total Previou Check My Work %23
CengageNOWv2 | Online teach x B Vincent Corporation has 92,00 x filrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Update : aps A corporation has 50,000 shares of $28 par stock outstanding that has a current market value of $150 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately Oa, Si12.00 Ob, S600.00 Oc. S37.50 Od. S7.00
Homepage - Minnesota State Un x * My Home CengageNOWv2 | Online teachin x /ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false eBook Calculator Brief Exercise 10-49 Stock Dividend Augusta Corporation reported the following information: 35,000 shares of $3 par value common stock authorized, 30,000 shares common stock issued, 10,000 shares treasury stock. Required: 1. What is the appropriate journal entry to record a 5% stock dividend if the market price of the common stock is $40 per share when the dividend is declared? Retained Earnings / х Common Stock / х Additional Paid-In Capital-Common Stock v Feedback Check My Work 2. What is the appropriate journal entry to record a 30% stock dividend if the market price of the common stock is $40 per share when the dividend is declared? Retained Earnings / Common Stock 4:09 PM е н 4/9/2020 DELL Home End Delete PrtScr Insert F10 F11 F12 F8 F9 F4 F5 F6 F3 & Backspace { E т H. Σ 00 00 く0 00 D.