Complete the following problem Jan. Issued 1,000 shares of Common Stock, $2 par for $12 per share. Record the journal entry. Date Description Post. Ref. Debit Credit March Issued 3,000 share of Common Stock, $2 par for $15 per share. Record the journal entry. Date Description Post. Ref. Debit Credit April Issued 5,000 share of Common Stock, $2 par for $17 per share. Record the journal entry. Date Description Post. Ref. Debit Credit How many shares are issued after the three transactions? How much is in the common stock account after the three transactions? How much is in PIC? How many shares are outstanding after the three transactions? June. Declared a $.25 per share dividend to be paid on July 15th. What is the total dividend paid? (use the number of shares calculated in number 7) Record the journal entry for June 30 and July 15. Date Description Post. Ref. Debit Credit
Complete the following problem Jan. Issued 1,000 shares of Common Stock, $2 par for $12 per share. Record the journal entry. Date Description Post. Ref. Debit Credit March Issued 3,000 share of Common Stock, $2 par for $15 per share. Record the journal entry. Date Description Post. Ref. Debit Credit April Issued 5,000 share of Common Stock, $2 par for $17 per share. Record the journal entry. Date Description Post. Ref. Debit Credit How many shares are issued after the three transactions? How much is in the common stock account after the three transactions? How much is in PIC? How many shares are outstanding after the three transactions? June. Declared a $.25 per share dividend to be paid on July 15th. What is the total dividend paid? (use the number of shares calculated in number 7) Record the journal entry for June 30 and July 15. Date Description Post. Ref. Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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- Complete the following problem
Jan. Issued 1,000 shares of Common Stock, $2 par for $12 per share.
Record the
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March Issued 3,000 share of Common Stock, $2 par for $15 per share.
Record the journal entry.
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April Issued 5,000 share of Common Stock, $2 par for $17 per share.
Record the journal entry.
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- How many shares are issued after the three transactions?
- How much is in the common stock account after the three transactions?
- How much is in PIC?
- How many shares are outstanding after the three transactions?
June. Declared a $.25 per share dividend to be paid on July 15th.
- What is the total dividend paid? (use the number of shares calculated in number 7)
- Record the journal entry for June 30 and July 15.
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Debit |
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