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Exercise 11-2 Accounting for par, stated, and no-par stock issuances LO PI Rodriguez Corporation issues 15,000 shares of its common stock for $99,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $4 par value. 2. The stock has neither par nor stated value 3. The stock has a $2 stated value. View transaction list Journal entry worksheet 2 3 nces Record the issue of 15,000...
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Rodriguez Corporation issues 5,000 shares of its common stock for $114,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. View transaction list Journal entry worksheet B C Record the issue of 5,000 shares of $14 par value common stock for $114,600 cash. Note: Enter debits...
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Rodriguez Corporation issues 10,000 shares of its common stock for $159,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. Journal entry worksheet A B C Record the issue of 10,000 shares of $14 par value common stock for $159,600 cash. Note: Enter debits before credits....
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Exercise 11-4 Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has a $3 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its...
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Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 3,000 shares of $20 par value common stock for $72,000 cash. 2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $51,000. The stock has a $3 per share stated value. 3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be...
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Prepare journal entries to record each of the following four separate issuances of stock 1 A corporation issued 5.000 shares of $30 par value common stock for $180,000 cash 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for the lions estimated to be worth $23,000. The stock has a si per share stated value 3. A corporation issued 2.500 shares of no-par common stock to its promoters in exchange for the efforts, estimated...
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QS 11-5 Issuance of common stock LO P1
Prepare the issuer's journal entry for each of the following
separate transactions.
On March 1, Atlantic Co. issues 47,000 shares of $3 par value
common stock for $311,000 cash.
On April 1, OP Co. issues no-par value common stock for $79,000
cash.
On April 6, MPG issues 2,900 shares of $20 par value common
stock for $48,000 of inventory, $180,000 of machinery, and
acceptance of a $98,000 note payable.
Journal entry worksheet...
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Record the issue of 2,000 shares of no-par common stock to its
promoters in exchange for their efforts, estimated to be worth
$44,000. The stock has $2 per share stated value.
Record the issue of 2,000 shares of no-par common stock to its
promoters in exchange for their efforts, estimated to be worth
$44,000. The stock has no stated value.
Record the issue of 1,000 shares of $100 par value preferred
stock for $144,000 cash.
Prepare journal entries to record...
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Exercise 11-4 Stock issuance for noncash assets LO P1 Sudoku Company issues 31.000 shares of S9 par value common stock in exchange for land and a building. The land is valued at $225,000 and the building at $371,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building View transaction list Journal entry worksheet Record the issue of 31,000 shares of $9 par value common stock in exchange for land valued at $225,000...
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just need the last two credits i cant firgure it out
thanks!
work 11 Rodriguez Corporation issues 8,000 shares of its common stock for $130100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $12 par value 2. The stock has neither par nor stated value 3. The stock has a $6 stated value View transaction lit Journal entry worksheet < A Record the issue of...
Exercise 11-2 Accounting for par, stated, and no-par stock issuances LO PI Rodriguez Corporation issues 15,000 shares of its common stock for $99,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $4 par value. 2. The stock has neither par nor stated value 3. The stock has a $2 stated value. View transaction list Journal entry worksheet 2 3 nces Record the issue of 15,000...
Rodriguez Corporation issues 5,000 shares of its common stock for $114,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. View transaction list Journal entry worksheet B C Record the issue of 5,000 shares of $14 par value common stock for $114,600 cash. Note: Enter debits...
Rodriguez Corporation issues 10,000 shares of its common stock for $159,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. Journal entry worksheet A B C Record the issue of 10,000 shares of $14 par value common stock for $159,600 cash. Note: Enter debits before credits....
Exercise 11-4 Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has a $3 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its...
Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 3,000 shares of $20 par value common stock for $72,000 cash. 2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $51,000. The stock has a $3 per share stated value. 3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be...
Prepare journal entries to record each of the following four separate issuances of stock 1 A corporation issued 5.000 shares of $30 par value common stock for $180,000 cash 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for the lions estimated to be worth $23,000. The stock has a si per share stated value 3. A corporation issued 2.500 shares of no-par common stock to its promoters in exchange for the efforts, estimated...
Record the issue of 2,000 shares of no-par common stock to its
promoters in exchange for their efforts, estimated to be worth
$44,000. The stock has $2 per share stated value.
Record the issue of 2,000 shares of no-par common stock to its
promoters in exchange for their efforts, estimated to be worth
$44,000. The stock has no stated value.
Record the issue of 1,000 shares of $100 par value preferred
stock for $144,000 cash.
Prepare journal entries to record...
Exercise 11-4 Stock issuance for noncash assets LO P1 Sudoku Company issues 31.000 shares of S9 par value common stock in exchange for land and a building. The land is valued at $225,000 and the building at $371,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building View transaction list Journal entry worksheet Record the issue of 31,000 shares of $9 par value common stock in exchange for land valued at $225,000...
just need the last two credits i cant firgure it out
thanks!
work 11 Rodriguez Corporation issues 8,000 shares of its common stock for $130100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $12 par value 2. The stock has neither par nor stated value 3. The stock has a $6 stated value View transaction lit Journal entry worksheet < A Record the issue of...