entries: Begin operations on 1/1/2012 with issuance of 10000 shares each at $15 each
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- When a company issues 27,000 shares of $2 par value common stock for $20 per share, the journal entry for this issuance would include:Baez Corp. began operations on Jan. 1, 2023. Baez Corp. is authorized to issue 150,000 shares of it's 6%, $40 par value preferred stock. The company is authorized to issue 650,000 shares of the common stock with a par value of $2 per share. On January 5, 2023, the company issued 225,000 shares of common stock for cash at $13 per share. What is the journal entry to record the issuance of the common stock shares?Prepare the journal entry to record Rony Company's issuance of 35,000 shares of its common stock assuming the share have a : a. $4par value and sell for $16 cash per share b. S4 stated value and sell for $16 per share.
- Oikawa Corporation has 150,000 Ordinary Shares authorized. As of January 1, 2020, 100,000 shares were issued of which 5,000 shares were in the treasury. During 2020, transactions were as follows: May 1 – Reissued 1,000 Treasury shares Aug 1 – Issued 10,000 Ordinary shares Dec 15- A 2 for 1 share split took effect On December 31, 2020, how many shares were outstanding?Nebraska Inc. issues 2,750 shares of common stock for $88,000. The stock has a stated value of $20 per share. The journal entry to record the stock issuance would include a credit to Common Stock forA company issued 10,000 shares at OMR 0.80, even though the face value of the share is OMR 1. Pass journal entry for the issue of shares.
- Prepare the journal entry to record Shane Company's issuance of 85,000 shares of $8 par value common stock assuming the shares sell for $8 cash per share.During its first year of operations, Cupola Fan Corporation issued 48,000 of $1 par Class B shares for $475,000 on June 30, 2021. Share issue costs were $3,300. One year from the issue date (July 1, 2022), the corporation retired 10% of the shares for $48,500. Required: 1. to 4. Prepare the journal entries to record the issuance of the shares, the declaration of a $2.70 per share dividend on December 1, 2021, the payment of the dividend on December 31, 2021 and the retirement of the shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) please dont give answer in the image formatTunis Incorporated has a March 31 year-end. The following information pertains to the company’s shares:Common Shares: unlimited # authorized, 45,000 issued; $180,000Preferred Shares: unlimited # authorized, $6 cumulative; 0 issued; $0A transaction listing for Tunis Incorporated’s prior fiscal year is as follows:Issued 20,000 common shares at $5/share ................... Apr 5Issued 5,000 preferred shares at $30/share .................. May 17Declared/paid a $6/share dividend on preferred shares ... Jul 14Bought and retired 1,000 preferred shares at $37/share.. Aug 19Declared/paid a $1/share dividend on common shares .... Nov 16Issued 500 common shares in exchg. for $10K machine .. Dec 19RequiredPrepare the required journal entries in good form (with dates) for the above-listed transactions
- During the first year Zidux corp issued 80,000 shares of $4 par value common stock at a price of $50 cash per share. Zidux Corp was organized on January 2, 2018. On December 31, 2018: Net Income = $350,000 Cash Dividends paid= $70,000 Find the amount Zidux will report on its year end Balance Sheet for Paid in Capital Common Stock in Excess to par.Selected transactions completed by Equinox Products Inc. during thefiscal year ended December 31, 20Y8, were as follows:a. Issued 15,000 shares of $20 par common stock at $30, receivingcash.b. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash.c. Issued $500,000 of 10-year, 5% bonds at 104, with interestpayable semiannually.d. Declared a quarterly dividend of $0.50 per share on commonstock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasuryshares were held, and 20,000 shares of preferred stock wereoutstanding.e. Paid the cash dividends declared in (d).f. Purchased 8,000 shares of treasury common stock at $33 per shareg. Declared a $1.00 quarterly cash dividend per share on preferredstock. On the date of record, 20,000 shares of preferred stock hadbeen issued.h. Paid the cash dividends to the preferred stockholders. i. Sold, at $38 per share, 2,600 shares of treasury common stockpurchased in…Oriole Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions. Jan. 15 Issued 430,000 shares of stock at $6 per share. Sept. 5 Purchased 34,000 shares of treasury stock at $8 per share. Journalize the transactions for Oriole Corporation. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Cash Common Stock Pald-In Capltal In Excess of Stated Value-Common Stock >
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