Badger corporation issued 9,000 shares of its $5 per value common stock in payment for attorney services billed at 108,00. Badger corporations stock has been actively trading at $12 PER SHARE. ATHE JOURNAL ENTRY FOR THIS YRANSACRION WOULD INCLUDE A -credit to common stock 63,000 Debit to legal expense 45,000 -debit to legal expense 108,000 Credit to paid in capital in excess of Pat common 108,000

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A: Common stock refers to a security that speaks to ownership in an organization. Holders of common…

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A: Treasury stock: The shares which were reacquired or bought back by the company, but not formally…

Q: On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 90,000 shares of $4 par…

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A: What is meant by Journal entries? It is the first step to record the financial transactions in the…

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A: The journal keeps the record of transactions on regular basis. The shares issued at more than par…

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A: Given in the question:- 500 Common Stock * $10 per share= $5000 200 Preferred Stock * $ 20 per…

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A: The journal entry to record the issue of  shares as follows:

Q: Badger Corporation issued 9,000 shares of its $5 par value common stock in payment for attorney…

A: Paid-in Capital in Excess of Par = Attorney services  bill value - Par Value of Common stock.

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A: The shares can be issued for cash or non cash assets. The excess amount received for shares issued…

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A: We have the following information: Alt Corporation issued Common Stock Common Stock Shares: 5,000 ;…

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A:

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A: Computation of Dividend Revenue July 1 = 600 shares x $ 1 per share = $ 600 Dec 1 = 300 shares x $ 1…

Q: Badger Corporation issued 5,000 shares of its $5 par value common stock in payment for attorney…

A: The journal entries are prepared to record the transactions on regular basis. The shares issued at…

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A: Total deividend received = No. of shares x Dividend per share = 6,000 shares x $0.42 per share =…

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Q: Caspar Company reported the following balances at December 31, 20X1: Common Stock ($1 par) Paid-in…

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Q: edit to Additional Paid in Capital $40,000. bit to Legal Expense $40,000. ebit to Legal Expense…

A: The journal entry for the transaction would debit legal expense and credit common stock and…

Q: Astro Co has issued 5,000 shares of $1 par-value common stock.  It has received proceeds of $20 per…

A: Total amount received = No. of sahres issued x Issue price per sahre = 5,000 shares x $20 per share…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.