Entries for issuing par stockOn January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 20,000 shares of $24 par common stock at $82, and on February 27, it issued for cash 130,000 shares of preferred stock, $5 par at $8.a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank.Jan. 22Feb. 27b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?

The above answer can be explained as under - The common stock with par value $ 24 were issued for $…

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Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section18.3: Capital Stock

Problem 1OYO

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Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 210,000 shares of $30 par common stock at $34, and on February 27, it issued for cash 15,000 shares of preferred stock, $9 par at $12. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 Feb. 27 b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? →
PLEASE DONT CUT OFF THE ANSWER AND USE THE EXACT ACCOUNT TITLES On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 70,300 shares of $10 par common stock at $15, and on November 19, it issued for cash 18,450 shares of preferred stock, $45 par at $56. Required: a. Journalize the entries for October 31 and November 19. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19? CHART OF ACCOUNTS Pidgeon Stones Inc. General Ledger ASSETS 110 Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 151 Prepaid Insurance 181 Land 193…
O 10 30 00 00 001 LGO ALGO ALGO ALGO ALGO tycks hea mare contractod for cash 45,000 shares of $15 par cost $55, and on huary 27, for a 130,000 shares of preferred stock, 15 perat aanuary 4, Alter I an amount ox does not require an entry, leave it bank Jan 22 Fett: 27 v What Pain Capital in Excess of Par Conan Preferred Stock Sis
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On April 1, 12,000 shares of $6 par common stock were issued at $22, and on April 7, 6,000 shares of $60 par preferred stock were issued at $104. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Date Account Debit Credit April 1 - Select - - Select - - Select - - Select - - Select - - Select - April 7 - Select - - Select - - Select - - Select - - Select - - Select -
On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 130,000 shares of $5 par common stock at $7, and on November 19, it issued for cash 30,000 shares of preferred stock, $20 par at $68. Question Content Area a. Journalize the entries for October 31 and November 19. If an amount box does not require an entry, leave it blank. Oct. 31 Nov. 19 Question Content Area b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?$fill in the blank e00bf7fa4071fcc_1
On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 140,000 shares of $8 par common stock at $12, and on November 19, it issued for cash 60,000 shares of preferred stock, $18 par at $61. a. Journalize the entries for October 31 and November 19. If an amount box does not require an entry, leave it blank. Oct. 31 fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank Nov. 19 fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?$fill in the blank
On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 50,000 shares of $8 par common stock at $27, and on February 27, it issued for cash 150,000 shares of preferred stock, $8 par at $10.a. Journalize the entries for January 22 and February 27.If an amount box does not require an entry, leave it blank.Jan. 22 Feb. 27 b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?$
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On Sept. 1, Paddington, Inc., issued 1,000 shares of $10 stated value common stock for cash of $10 per share. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. Answer is complete but not entirely correct. No Date General Journal Debit Credit Cash 10,000 Common stock, $10 par value 10,000 1 Sept. 1
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