Buttercup Corporation issued 300 shares of $10 par value common stock for $4,500.Prepare Buttercup's Journal entryS4,500Common StockCash$4.500Common StockCashS4,500S4.500Cash$4.500Common StockAdditional Paid-in-CapitalS3.00051.500$3.000$1.500Common StockAdditional Paid-in-CapitalCash54.500

Buttercup Corporation issued 300 shares of $10 par value common stock for $4,500. Prepare Buttercup's Journal entry, O Cash $4.500 Common Stock S4.500 Common Stock $4.500 Cash S4.500 Cash S4.500 Common Stock S3.000 S1.500 Additional Paid-in-Capital Common Stock Additional Paid-in-Capital $3.000 $1.500 Cash $4.500

Buttercup Corporation issued 300 shares of $10 par value common stock for $4,500. Prepare Buttercup's Journal entry, O Cash $4.500 Common Stock S4.500 Common Stock $4.500 Cash S4.500 Cash S4.500 Common Stock S3.000 S1.500 Additional Paid-in-Capital Common Stock Additional Paid-in-Capital $3.000 $1.500 Cash $4.500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Sheridan Corp. issues 5200 shares of $10 par value common stock at $16 per share. When the transaction is recorded, credits are made to Common Stock $52000 and Paid-in Capital in Excess of Par $31200. O Common Stock $52000 and Paid-in Capital in Excess of Stated Value $31200. O Common Stock $52000 and Retained Earnings $31200. O Common Stock $83200.
Sh8
Please help me jn this sir accounting question
XYZ Company sold 500 shares of treasury stock (from (c)) at $45 per share. DATE Debit Credit X/X
A corporation issues 4,550 shares of common stock $145,600. The stock has a stated value of $19 per share. What amount of credit to Common Stock would the journal entry to record the stock issuance include? Select the correct answer. $145,600 $59,150 $86,450 $4,550
Nexis Corp. issues 1,180 shares of $9 par value common stock at $17 per share. When the transaction is recorded, credits are made to a. Common Stock, $9,440 and Paid-In Capital in Excess of Stated Value, $10,620. Ob. Common Stock, $20,060. Oc. Common Stock, $9,440 and Retained Earnings, $10,620. Od. Common Stock, $10,620, and Paid-In Capital in Excess of Par-Common Stock, $9,440.
Accounting for Common, Preferred, and Treasury Stock A-Team Corporation issued 1.000 shares of $5 par value stock for land. The stock is actively traded at $9 per share. The land was advertised for sale at $10,500. The land should be recorded at $9,000. O $5,000. $4,000. O $10.500.
XYZ Company declared a 2% stock dividend on common stock ($5 par). (Pretend there are 100,000 shares of common stock outstanding and that the current market value of a share of common stock on that date was $7.) Journalize this transaction. DATE Debit Credit X/X XYZ Company distributed the stock dividends from (h). Journalize this transaction. DATE Debit Credit X/X
Ravonette Corporation issued 300 shares of $10 par value common stock and 100 shares of $50 par value preferred stock for a lump sum of $13,500 The common stock has a market price of $20 per share, and the preferred stock has a market price of S90 per share. Prepare the jourmal entry to record the issuance of the common stock S3 000 O Cash Common Stock $3.000 O Cash Common Stock O Cash Common Stock Additional Paid-n Capital C/S None of the above S6 000 $6 000 $5 400 $3.000 $2 400