Homework Answers
| Date | Account titles & Explanations | Debit | Credit | ||||
| 10-May | Cash | 36000 | |||||
| Common stock | 18000 | ||||||
| paid in excess of par-common stock | 18,000 | ||||||
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On May 10,Indigo Corporation isues 3,000shares of $.6 par value common stock for cash at $...
On May 10, Paige Corporation issues 2,500 shares of $5 par value common stock for cash...
On May 10, Paige Corporation
issues 2,500 shares of $5 par value common stock for cash at $13
per share.
Journalize the issuance of the stock. (Credit account titles are automatically
indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
May 10
On May 10, Riverbed Corp issues 2,300 shares of $5 par value common stock for cash...
On May 10, Riverbed Corp issues 2,300 shares of $5 par value common stock for cash at $12 per share. Journalize the issuance of the stock. (Credit account titles are automatically indented when amoun Debit Credit Date Account Titles and Explanation May 10
Brief Exercise 11-2 On May 10, Jack Corporation issues 2,200 shares of $13 par value common...
Brief Exercise 11-2
On May 10, Jack Corporation issues 2,200 shares of $13 par value
common stock for cash at $21 per share.
Journalize the issuance of the stock. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually. If no entry is required, select "No entry" for the
account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
May 10
Minnesota Corporation has two classes of stock: common, $2 par value; and preferred, $10 par value....
Minnesota Corporation has two classes of stock: common, $2 par value; and preferred, $10 par value. Requirements 1. Joumalize Minnesota's issuance of 3,000 shares of common stock for $15 per share. 2. Joumalize Minnesota's issuance of 3,000 shares of preferred stock for a total of $30,000 Requirement 1. Journalize Minnesota's issuance of 3,000 shares of common stock for $15 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts...
Brief Exercise 11-5 Swifty Corporation issues 5,150 shares of $120 par value preferred stock for cash...
Brief Exercise 11-5 Swifty Corporation issues 5,150 shares of $120 par value preferred stock for cash at $135 per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER
Brief Exercise 11-04 Kingbird, Inc. issues 7,500 shares of $101 par value preferred stock for cash...
Brief Exercise 11-04 Kingbird, Inc. issues 7,500 shares of $101 par value preferred stock for cash at $110 per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. De mot indent manually. If me entry Account Titles and Explanation Debit Credit
Sheridan Corporation issued 368 shares of $10 par value common stock and 123 shares of $50...
Sheridan Corporation issued 368 shares of $10 par value common
stock and 123 shares of $50 par value preferred stock for a lump
sum of $16,587. The common stock has a market price of $20 per
share, and the preferred stock has a market price of $90 per
share.
Prepare the journal entry to record the issuance.
(Round intermediate calculations to 6 decimal places,
e.g. 0.546872 and final answers to 0 decimal places, e.g., 1,520.
Credit account titles are automatically...
Pronghorn Corporation issued 311 shares of $10 par value common stock and 112 shares of $50...
Pronghorn Corporation issued 311 shares of $10 par value common
stock and 112 shares of $50 par value preferred stock for a lump
sum of $15,678. The common stock has a market price of $20 per
share, and the preferred stock has a market price of $100 per
share.
Prepare the journal entry to record the issuance.
(Round intermediate calculations to 6 decimal places,
e.g. 0.546872 and final answers to 0 decimal places, e.g., 1,520.
Credit account titles are automatically...
Cheyenne Corporation issued 305 shares of $10 par value common stock and 134 shares of $50...
Cheyenne Corporation issued 305 shares of $10 par value common
stock and 134 shares of $50 par value preferred stock for a lump
sum of $16,344. The common stock has a market price of $20 per
share, and the preferred stock has a market price of $90 per
share.
Prepare the journal entry to record the issuance.
(Round intermediate calculations to 6 decimal places,
e.g. 0.546872 and final answers to 0 decimal places, e.g., 1,520.
Credit account titles are automatically...
Florida Corporation has two classes of stock common, S4 par value, and preferred, 525 par value....
Florida Corporation has two classes of stock common, S4 par value, and preferred, 525 par value. Requirements 1. Journalize Florida's issuance of 4,500 shares of common stock for $15 per share. 2. Journalize Florida's issuance of 4,500 shares of preferred stock for a total of $112,500. Requirement 1. Journalize Florida's issuance of 4,500 shares of common stock for $15 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts...
On May 10, Paige Corporation
issues 2,500 shares of $5 par value common stock for cash at $13
per share.
Journalize the issuance of the stock. (Credit account titles are automatically
indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
May 10
On May 10, Riverbed Corp issues 2,300 shares of $5 par value common stock for cash at $12 per share. Journalize the issuance of the stock. (Credit account titles are automatically indented when amoun Debit Credit Date Account Titles and Explanation May 10
Brief Exercise 11-2
On May 10, Jack Corporation issues 2,200 shares of $13 par value
common stock for cash at $21 per share.
Journalize the issuance of the stock. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually. If no entry is required, select "No entry" for the
account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
May 10
Minnesota Corporation has two classes of stock: common, $2 par value; and preferred, $10 par value. Requirements 1. Joumalize Minnesota's issuance of 3,000 shares of common stock for $15 per share. 2. Joumalize Minnesota's issuance of 3,000 shares of preferred stock for a total of $30,000 Requirement 1. Journalize Minnesota's issuance of 3,000 shares of common stock for $15 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts...
Brief Exercise 11-5 Swifty Corporation issues 5,150 shares of $120 par value preferred stock for cash at $135 per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER
Brief Exercise 11-04 Kingbird, Inc. issues 7,500 shares of $101 par value preferred stock for cash at $110 per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. De mot indent manually. If me entry Account Titles and Explanation Debit Credit
Sheridan Corporation issued 368 shares of $10 par value common
stock and 123 shares of $50 par value preferred stock for a lump
sum of $16,587. The common stock has a market price of $20 per
share, and the preferred stock has a market price of $90 per
share.
Prepare the journal entry to record the issuance.
(Round intermediate calculations to 6 decimal places,
e.g. 0.546872 and final answers to 0 decimal places, e.g., 1,520.
Credit account titles are automatically...
Pronghorn Corporation issued 311 shares of $10 par value common
stock and 112 shares of $50 par value preferred stock for a lump
sum of $15,678. The common stock has a market price of $20 per
share, and the preferred stock has a market price of $100 per
share.
Prepare the journal entry to record the issuance.
(Round intermediate calculations to 6 decimal places,
e.g. 0.546872 and final answers to 0 decimal places, e.g., 1,520.
Credit account titles are automatically...
Cheyenne Corporation issued 305 shares of $10 par value common
stock and 134 shares of $50 par value preferred stock for a lump
sum of $16,344. The common stock has a market price of $20 per
share, and the preferred stock has a market price of $90 per
share.
Prepare the journal entry to record the issuance.
(Round intermediate calculations to 6 decimal places,
e.g. 0.546872 and final answers to 0 decimal places, e.g., 1,520.
Credit account titles are automatically...
Florida Corporation has two classes of stock common, S4 par value, and preferred, 525 par value. Requirements 1. Journalize Florida's issuance of 4,500 shares of common stock for $15 per share. 2. Journalize Florida's issuance of 4,500 shares of preferred stock for a total of $112,500. Requirement 1. Journalize Florida's issuance of 4,500 shares of common stock for $15 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts...
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