general journal formHomework Answers
1. Issued for cash 65000 shares of $5 par value common stock for $8 per share
Dr. Cash A/C (65000 x 8) 520000
Cr. Common Share capital A/c (65000 x 5) 325000
Cr. Securities Premium A/C (65000 x 3) 195000
(65000 common shares issued at a premium of $3)
2. Declared cash dividend to common share holders
Dr. Retained Earnings A/C (65000 x 1) 65000
Cr. DIvident payable A/C (65000 x 1) 65000
(Cash divident declared at $1 per share)
3. Paid Cash dividend to common share holders
Dr. DIvidents Payable A/C 65000
Cr. Cash A/C 65000
(Divident paid to common share holders at $1 per share)
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general journal form
QUESTION 4 Feb 18 led for cash 65,000 shares of $5 par value...
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general journal form
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QUESTION 62 2.94 points Manning Inc. has 6,000 shares of 5%, $100 par value, cumulative, nonparticipating...
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Question 5 4 pts Snowman Company has issued 75,000 shares of $1 par, 6%, cumulative preferred...
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general journal form
Sunucce Carte Question Completion Status: QUESTION 1 Feb. 1 issued for cash 3.000 shares of Preferred Stock at $100 per share, per value For the to, pro ALTF10 PCO ALT.FN F10 Mac TTT Ariel 313 V T.S.E. PU QUESTION 2 Feb 6 led for cash 100,000 shares of Common Stock at 55 per share, per value TTTA 3 TE: Po QUESTIONS Feb 15 d 10.000 perc 7.000 Τ Τ Τ Ασία T CCSATA E R T C...
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Question 14 On December 31,2016, Sandhill Co. had 1.295,000 shares of $ 5 par common stock issued and outstanding At December 31, 2016, stockholders' equity had the amounts listed here. Common Stock Additional Paid-in Capital Retained Earnings $ 6,475,000 1,730,000 1.205,000 Transactions during 2017 and other information related to stockholders' equity accounts were as folows 1. On January 10, 2017, issued at $ 105 per share 1 19,000 shares ors 100 par value, 7% cumulative preferred stock 2. On February...
Stockholders' Equity (January 1 Common stock-$5 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $175,000 135,000 340,000 $650,809 Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($60,000 restricted by treasury stock) $206,000 178,400 400,000 784,400 (60,000) $724,400 Less cost of treasury stock Total...
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Exercise 13-18 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander Corporation reports the following components of stockholders' equity on December 31, 2016: 14.32 points e ook Common stock-$25 par value, 50,000 shares authorised, 30,000 shares issued and outstanding Paid-in capital in excess of par valve, conton bok Retained earnings Total stockholders' equity $750,000 50,000 340,000 $1,140,000 Hint Print In year 2017, the following transactions affected its stockholders' equity accounts. References 2 Purchased 3,000 shares...
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