![Common Stock 33000 Paid-in in mor 9000 Sept. 1 Cash 57500 Common Stock 34500 Paid-in Capital in Excess of Stated Value-Commor 23000 Nov. 1 ▼11 Cash 162 150000 Preferred Stock 12000 Paid-in Capital in Excess of Par-Preferred Stock SHOW LIST OF ACCOUNTS VIDEO: LINK TO TEXT LINK TO TEXT [ ] Your answer is incorrect. Try again.](http://img.homeworklib.com/questions/9fb4d380-6fbb-11ea-8199-691b373985ef.png?x-oss-process=image/resize,w_560)
Homework Answers
Solution
B.
Preferred stock
| Date | Explanation Ref. | Debit | Credit | Balance |
| Mar. 1 | J5 | $475,000 | $475,000 | |
| Nov. 1 | J5 | $150,000 | $625,000 |
Common stock
| Date | Explanation ref. | Debit | credit | balance |
| Jan. 10 | J5 | $234,000 | $234,000 | |
| Apr. 1 | J5 | $72,000 | $306,000 | |
| May.1 | J5 | $229,500 | $535,500 | |
| Aug. 1 | J5 | $33,000 | $568,500 | |
| Sept. 1 | J5 | $34,500 | $603,000 | |
Paid in capital in Excess of Par-Preferred Stock:
| Date | Explanation ref. | Debit | credit | balance |
| Mar. 1 | J5 | $23,750 | $23,750 | |
| Nov. 1 | J5 | $12,000 | $35,750 |
Paid in capital in Excess of Stated value-Common stock
| Date | explanation ref. | Debit | Credit | Balance |
| Jan. 10 | J5 | $234,000 | $234,000 | |
| Apr. 1 | J5 | $15,000 | $249,000 | |
| May. 1 | J5 | $95,625 | $344,625 | |
| Aug. 1 | J5 | $9,000 | $353,625 | |
| Sept. 1 | J5 | $23,000 | $376,625 |
C. Paid in capital section of stockholders equity:
DELONG CORPORATION
Balance sheet (Partial)
December 31,2017
| Paid in capital | ||
| Capital stock | ||
| Preferred stock | $625,000 | |
| Common stock | $603,000 | |
| Total capital stock | $1,228,000 | |
| Additional paid in capital | ||
| Paid in capital in excess of Stated value common stock | $376,625 | |
| Paid in capital in excess of par preferred stock | $35,750 | |
| Total Additional paid in capital | $412,375 | |
| Total paid in capital | $1,640,375 |
Add Answer to:
Jan. 10 Issued 78,000 shares of common stock for cash at $6 per share. Apr, 1...
were completed duning the frst year cash at $6 per share. pe. 1 Issued 24,000 shares...
were completed duning the frst year cash at $6 per share. pe. 1 Issued 24,000 shares of common stock ay 1 Issued 76,500 shares of ug. 1 Issued 11,000 shares of common stock to ept. 1 Issued 11,500 shares of common stock for cash at $5 per share. stock for cash at $4.25 per share. of 237 Apr. 1 ▼ |Land 87 Stock 229 Paid-in Capital in Excess of Stated Valu 57500 34500 162000 We were unable to transcribe this...
Date Debit Credit Account Titles and Explanation cash Jan. Jan. 10 489000 Common Stock T 244500...
Date Debit Credit Account Titles and Explanation cash Jan. Jan. 10 489000 Common Stock T 244500 Paid-in Capital in Excess of Stated Value-Common 244500 Mar. Cash 462000T Preferred Stock 440000 LU T 22000 Paid-in Capital in Excess of Par-Preferred Stock Land Apr. 1 89000|| | Common Stock Paid-in Capital in Excess of Stated Value-Common 21500 Tcash 340000T FOTOMOTIINTINDIHTUIN HORROMENHENHALANGALOHN Common Stock 240000 Paid-in Capital in Excess of Stated Value-Common T 100000 Aug. 11 Organization Expense 395001 Common Stock 34500 Paid-in...
please help!! i forgot to add this too nent Credit Debit Account Titles and Explanation Date 124000 Jan. 1...
please help!!
i forgot to add this too
nent Credit Debit Account Titles and Explanation Date 124000 Jan. 1 Cash 24000 Common Stock 100000 Paid-in Capital in Excess of Stated Value-Commor 33400 Apr. 14 Cash 22000 Common Stock 11400 Paid-in Capital from Treasury Stock 34000 Sept. 3 Patents 4900 Common Stock Paid-in Capital in Excess of Stated Value-Commor 29100 Nov. 10# 6100 Treasury Stock 6100 Cash Dec. 31 # Income Summary 43500 Retained Earnings 43500 Preferred Stock Balance Credit Debit...
On February 13, Epperson Company issued for cash 75,000 shares of no-par common stock (with a...
On February 13, Epperson Company issued for cash 75,000 shares of no-par common stock (with a stated value of $125) at $140. On September 9, Epperson issued at par 15,000 shares of 1%, $60 par preferred stock at par for cash. On November 23, Epperson issued for cash 8,000 shares of 1%, $60 par preferred stock at $70. Required: Journalize the entries to record the February 13, September 9, and November 23 transactions. If an amount box does not require...
stock with a stat ed wake of $ 1 per shre The following stock MoreyCorp. was...
stock with a stat ed wake of $ 1 per shre The following stock MoreyCorp. was orgaand on laury 1.2017 misauthorizedtois ransactions were completed during the frst year e 2a500 shares o' 6% $ 53 par vale petered stock an 459000 shares of ropar conmo Jan. 10 hsued 69,500 shares of common stock for cash at $4 per share Mar. 1 Issued 1.190 shares of preferred stock for cash at $ 54 per share May 1 1ssued 114,500 shares of...
1. BonitaCorp. issues 2800 shares of $10 par value common stock at $15 per share. When...
1. BonitaCorp. issues 2800 shares of $10 par value common stock
at $15 per share. When the transaction is recorded, credits are
made to
Common Stock $28000 and Retained Earnings $14000.
Common Stock $28000 and Paid-in Capital in Excess of Par
$14000.
2. VaughnCompany is authorized to issue 9000 shares of 7%, $100
par value preferred stock and 532000 shares of no-par common stock
with a stated value of $1 per share. If Vaughn issues 4500 shares
of preferred stock...
Swifty Corporation has been authorized to issue 20,500 shares of $100 par value, 10%, preferred stock...
Swifty Corporation has been authorized to issue 20,500 shares
of $100 par value, 10%, preferred stock and 1,068,600 shares of
no-par common stock. The corporation assigned a $2.60 stated value
to the common stock. At December 31, 2020, the ledger contained the
following balances pertaining to stockholders’ equity.
Preferred Stock
$130,000
Paid-in Capital in Excess of Par—Preferred Stock
14,000
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1,068,600
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2,219,400
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Mendoza Corp was organized on JAN 1, 2017. It is authorized to issue 20,000 shares of...
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It is authorized to issue 20,000 shares of 6%, $40 par value
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stated value of $2 per share.
These stock transactions were completed during the first year.
Jan 10 Issued 100,000 shares of common stock for cash at $3 per
share. ar. 1 Issued 10,000 shares of preferred stock for cash at
$55 per share.
Apr. 1 Issued 25,000 shares of...
Sep. 6: Issued 250 shares of common stock to the promoters who organized the corporation, receiving cash of $7,500. Dat...
Sep. 6: Issued 250 shares of common stock to the promoters who organized the corporation, receiving cash of $7,500. Date Accounts and Explanation Debit Credit Sep. 6 Cash 7,500 250 Common Stock-$1 Par Value Paid-In Capital in Excess of Par—Common 7,250 Issued common stock for cash. Sep. 12: Issued 450 shares of preferred stock for cash of $21,000. Date Accounts and Explanation Debit Credit Sep. 12 Cash 21,000 Preferred Stock—No Par Value 21,000 Sep. 14: Issued 1,700 shares of common...
The Company issued 20,000 shares of no-par common stock, stated value $20, at $32 cash per...
The Company issued 20,000 shares of no-par common stock, stated value $20, at $32 cash per share. The journal entry to record this transaction is Select one: a. Debit: Cash 640,000 Credit: Common Stock 400,000 Credit: Paid-in Capital in Excess of Stated Value 240,000 b. Debit: Cash 640,000 Credit: Common Stock 640,000 c. Debit: Cash 640,000 Credit: Common Stock 400,000 Credit: Paid-in Capital in Excess of Par Value 240,000
were completed duning the frst year cash at $6 per share. pe. 1 Issued 24,000 shares of common stock ay 1 Issued 76,500 shares of ug. 1 Issued 11,000 shares of common stock to ept. 1 Issued 11,500 shares of common stock for cash at $5 per share. stock for cash at $4.25 per share. of 237 Apr. 1 ▼ |Land 87 Stock 229 Paid-in Capital in Excess of Stated Valu 57500 34500 162000 We were unable to transcribe this...
Date Debit Credit Account Titles and Explanation cash Jan. Jan. 10 489000 Common Stock T 244500 Paid-in Capital in Excess of Stated Value-Common 244500 Mar. Cash 462000T Preferred Stock 440000 LU T 22000 Paid-in Capital in Excess of Par-Preferred Stock Land Apr. 1 89000|| | Common Stock Paid-in Capital in Excess of Stated Value-Common 21500 Tcash 340000T FOTOMOTIINTINDIHTUIN HORROMENHENHALANGALOHN Common Stock 240000 Paid-in Capital in Excess of Stated Value-Common T 100000 Aug. 11 Organization Expense 395001 Common Stock 34500 Paid-in...
please help!!
i forgot to add this too
nent Credit Debit Account Titles and Explanation Date 124000 Jan. 1 Cash 24000 Common Stock 100000 Paid-in Capital in Excess of Stated Value-Commor 33400 Apr. 14 Cash 22000 Common Stock 11400 Paid-in Capital from Treasury Stock 34000 Sept. 3 Patents 4900 Common Stock Paid-in Capital in Excess of Stated Value-Commor 29100 Nov. 10# 6100 Treasury Stock 6100 Cash Dec. 31 # Income Summary 43500 Retained Earnings 43500 Preferred Stock Balance Credit Debit...
stock with a stat ed wake of $ 1 per shre The following stock MoreyCorp. was orgaand on laury 1.2017 misauthorizedtois ransactions were completed during the frst year e 2a500 shares o' 6% $ 53 par vale petered stock an 459000 shares of ropar conmo Jan. 10 hsued 69,500 shares of common stock for cash at $4 per share Mar. 1 Issued 1.190 shares of preferred stock for cash at $ 54 per share May 1 1ssued 114,500 shares of...
1. BonitaCorp. issues 2800 shares of $10 par value common stock
at $15 per share. When the transaction is recorded, credits are
made to
Common Stock $28000 and Retained Earnings $14000.
Common Stock $28000 and Paid-in Capital in Excess of Par
$14000.
2. VaughnCompany is authorized to issue 9000 shares of 7%, $100
par value preferred stock and 532000 shares of no-par common stock
with a stated value of $1 per share. If Vaughn issues 4500 shares
of preferred stock...
Swifty Corporation has been authorized to issue 20,500 shares
of $100 par value, 10%, preferred stock and 1,068,600 shares of
no-par common stock. The corporation assigned a $2.60 stated value
to the common stock. At December 31, 2020, the ledger contained the
following balances pertaining to stockholders’ equity.
Preferred Stock
$130,000
Paid-in Capital in Excess of Par—Preferred Stock
14,000
Common Stock
1,068,600
Paid-in Capital in Excess of Stated Value—Common Stock
2,219,400
Treasury Stock (1,160 common shares)
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Paid-in Capital from...
Mendoza Corp was organized on JAN 1, 2017.
It is authorized to issue 20,000 shares of 6%, $40 par value
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These stock transactions were completed during the first year.
Jan 10 Issued 100,000 shares of common stock for cash at $3 per
share. ar. 1 Issued 10,000 shares of preferred stock for cash at
$55 per share.
Apr. 1 Issued 25,000 shares of...
Sep. 6: Issued 250 shares of common stock to the promoters who organized the corporation, receiving cash of $7,500. Date Accounts and Explanation Debit Credit Sep. 6 Cash 7,500 250 Common Stock-$1 Par Value Paid-In Capital in Excess of Par—Common 7,250 Issued common stock for cash. Sep. 12: Issued 450 shares of preferred stock for cash of $21,000. Date Accounts and Explanation Debit Credit Sep. 12 Cash 21,000 Preferred Stock—No Par Value 21,000 Sep. 14: Issued 1,700 shares of common...
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