On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for...
On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. Use this information to prepare the General Journal entries (without explanation) for January 2 and March 1.
Homework Answers
| ALPHA CORPORATION | ||||
| Journal Entries | ||||
| Sr. No. | Sr. No. | Account Title and explanation | Debit | Credit |
| 1 | Jan 02, 2016 | Cash (15,000 Shares X $ 15 Per Shares) | $2,25,000 | |
| Common Stock (15,000 Shares X $ 10 per Shares) | $1,50,000 | |||
| Paid in Capital in excess of par value - Common Stock(Bal) | $75,000 | |||
| 2 | Mar 01 , 2016 | Treasurry stock (1000 shares X $20) | $20,000 | |
| Cash | $20,000 | |||
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On January 2, 2016, Alpha Corporation issued 15,000
shares of $10 par value common stock for...
On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for...
On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. Use this information to prepare the General Journal entries (without explanation) for January 2 and March 1. Format BIU General Journal: Date Accounts Debit Credit
Question 9 (6 points) On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par...
Question 9 (6 points) On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. Use this information to prepare the General Journal entries (without explanation) for January 2 and March 1. в I U - Format ... </> Question 10 (6 points) On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value...
On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for...
On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. September 1, 2016, when the market was soaring, Alpha reissued 500 shares of treasury stock at the going market rate of $22 per share. Use this information to prepare the General Journal entry (without explanation) for September 1. 0 of ▼ Bly Format General Journal:...
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Question 9 (6 points) On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. Use this information to prepare the General Journal entries (without explanation) for January 2 and March 1. D oo - Format - B IV - Question 10 (6 points) On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par...
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Question 7 (6 points) On January 2, 2016, Alpha Corporation issued 2,500 shares of $5 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries. B Format General Journal: Debit Credit Date Accounts </> Question 8 (6 points) On January...
On January 2,2016, Alpha Corporation issued 2,500 shares of $5 par value common stock. The issue...
On January 2,2016, Alpha Corporation issued 2,500 shares of $5 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries. Format General Journal: Debit Credit Date Accounts
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On January 2, 2019, Frederick Corporation issued 18,000 shares of $10 par value common stock for $13 per share. On April 1, 2019, Alpha reacquired 1,500 of these shares when they were trading $16 per share. On August 1, 2019 Frederick reissued 800 shares of treasury stock at the going market rate of $19 per share. Use this information to prepare the General Journal entry (without explanation) for the August 1 transaction.
On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. Use this information to prepare the General Journal entries (without explanation) for January 2 and March 1. Format BIU General Journal: Date Accounts Debit Credit
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On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. September 1, 2016, when the market was soaring, Alpha reissued 500 shares of treasury stock at the going market rate of $22 per share. Use this information to prepare the General Journal entry (without explanation) for September 1. 0 of ▼ Bly Format General Journal:...
Question 9 (6 points) On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. Use this information to prepare the General Journal entries (without explanation) for January 2 and March 1. D oo - Format - B IV - Question 10 (6 points) On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par...
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Question 7 (6 points) On January 2, 2016, Alpha Corporation issued 2,500 shares of $5 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries. B Format General Journal: Debit Credit Date Accounts </> Question 8 (6 points) On January...
On January 2,2016, Alpha Corporation issued 2,500 shares of $5 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries. Format General Journal: Debit Credit Date Accounts
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