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- The following selected transactions and events occurred during 2013: a. Issued 200 shares of preferred stock for 20,000. b. Sold 800 shares of treasury stock for 2,800. c. Declared and issued a 4% common stock dividend. The market value on the date of declaration was 5 per share. d. Generated a net loss for the year of 16,000. e. Declared and paid the full years dividend on all the preferred stock and a dividend of 15 per share on common stock outstanding at the end of the year. Enter beginning balances for 2013 on STOCKEQ2. Then erase all 2012 entries and enter the transactions for 2013. Save the results as STOCKEQ4. Print the results.Treasury stock that had been purchased for $4,166 last month was reissued this month for $5,455. The journal entry to record the reissuance would include a credit to a.Treasury Stock for $1,289 b.Paid-In Capital from Sale of Treasury Stock for $4,166 c.Paid-In Capital from Sale of Treasury Stock for $1,289 d.Paid-In Capital in Excess of Par - Common Stock for $4,166Treasury stock that had been purchased for $4,760 last month was reissued this month for $5,640. The journal entry to record the reissuance would include a credit to a.Treasury Stock for $880 b.Paid-In Capital from Sale of Treasury Stock for $4,760 c.Paid-In Capital from Sale of Treasury Stock for $880 d.Paid-In Capital in Excess of Par—Common Stock for $880
- Prepare the journal entry to record Autumn Company's issuance of 63,000 shares of no-par value common stock assuming the shares: a. Sell for $29 cash per share. b. Are exchanged for land valued at $1,827,000. View transaction list Journal entry worksheet 1 > Record the issuance of 63,000 shares of no-par value common stock assuming the shares sell for $29 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a.The following information relates to X, Y, and Z as at 30 June 2021 Stock Share price Number of shares X 10 2,000,000 Y 15 6,000,000 Z 20 10,000,000 During the year the following activities occurred; A two for one stock split on Y Payment of 10% dividend on Z. It can be assumed that the entire dividend paid will be reinvested in shares of Z limited. On 30 June 2022 the stock prices of X, Y and Z were sh 12, sh 10 and sh 20 respectively. Required; New index value given that the beginning value index is 100. Explain how secondary markets benefit investors. State and explain the main risks faced by financial institutions in the course of conduct of their business.On January 1 2022, cullumber had $1,000000 of common stock outstanding that was issued at par and retained earnings of $740000. The company issued 35000 shares of common stock at par on july 1 and earned net income of $390000 for the year journalise the declaration of 14% stock dividend on 10,2022 for the following two independent assumptions (a) pare value is $10 and market price is $15 (b) par value is $5 and market price is $8
- Treasury stock that had been purchased for $3,908 last month was reissued this month for $5,262. The journal entry to record the reissuance would include a credit to a.Paid-In Capital from Sale of Treasury Stock for $3,908 b.Paid-In Capital in Excess of Par - Common Stock for $3,908 c.Treasury Stock for $1,354 d.Paid-In Capital from Sale of Treasury Stock for $1,354The company declared a 2% common stock dividend on December 1, and would like you to compute the following pieces of missing information. The market value of the common shares is $26 on December 1, and is $32 on the actual distribution date of the stock, December 31. Total paid-in capital before the stock dividend $fill in the blank 2ba5a8fc300a076_1 Total retained earnings before the stock dividend fill in the blank 2ba5a8fc300a076_2 Total stockholders’ equity before the stock dividend $fill in the blank 2ba5a8fc300a076_3 Total paid-in capital after the stock dividend $fill in the blank 2ba5a8fc300a076_4 Total retained earnings after the stock dividend fill in the blank 2ba5a8fc300a076_5 Total stockholders’ equity after the stock dividend $fill in the blank 2ba5a8fc300a076_6Prepare the journal entry to record Jevonte Company's issuance of 41,000 shares of its common stock assuming the shares have a: a. $3 par value and sell for $19 cash per share. b. $3 stated value and sell for $19 cash per share. View transaction list Journal entry worksheet < 1 Record the issuance of 41,000 shares of common stock assuming the shares have a $3 par value and sell for $19 cash per share. 2 Note: Enter debits before credits. Transaction a. General Journal Debit Credit
- Prepare the journal entry to record Jevonte Company's issuance of 36,000 shares of its common stock assuming the shares have a: a. $2 par value and sell for $18 cash per share. b. $2 stated value and sell for $18 cash per share. View transaction list Journal entry worksheet 1 es Record the issuance of 36,000 shares of common stock assuming the shares have a $2 par value and sell for $18 cash per share. Note: Enter debits before credits. Transaction General Journal Credit Debit 8:39 PM 3/27/202 Fn Lock Insert Prt Sc F7 F8 F9 F10 F11 F12 F6Trimp company had the following transactions during the yearr:Jan 1 Ordinary Shares Outstanding 300 000Feb 1 Issued a 10% stock dividend 30 000Mar 1 Issued Ordinary Shares 90 000Jul 1 Issued Ordinary Shares for Cash 80 000Dec 31 Ordinary Shares Outstanding 500,000 What is the weighted average number of shares outstanding?a.400,000b.442,500c.445,000d.460,000On January 1, 2022, Skysong, Inc. had the following stockholders' equity accounts. Common Stock ($12 par value, 78,800 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings During the year, the following transactions occurred. Jan. 15 Feb. 15 Apr. 15 May 15 July 1 . Dec. 1 Dec. 31 $945,600 195,000 521,000 Declared a $1 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January. Declared a 5% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $16 per share. Issued the shares for the stock dividend. Announced a 2-for-1 stock split. The market price per share prior to the announcement was $14. (The new par value is $6.) Declared a $0.80 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Determined that net income for the year was $250,000.