ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=falseEntries for Issuing Par StockOn October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 140,000 shares of $8 par common stock at $10, and onNovember 19, it issued for cash 40,000 shares of preferred stock, $12 par at $41.a. Journalize the entries for October 31 and November 19. If an amount box does not require an entry, leave it blank.Oct. 31Nov. 19CashPaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred Stockb. What ispreferred Stockby all stockholders as of November 19? Entries for Issuing Par StockOn October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 140,000 shares of $8 par common stock at $10, and onNovember 19, it issued for cash 40,000 shares of preferred stock, $12 par at $41.a. Journalize the entries for October 31 and November 19. If an amount box does not require an entry, leave it blank.Oct. 31Nov. 19D. What isCashCommon StockPaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred Stock) by all stockholders as of November 19?

The journal entries are prepared to keep the record of day to day transactions of the business on…

Answered: Entries for Issuing Par Stock On…

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

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? →
Nutritious Pet Food Company’s board of directors declares a cash dividend of $1.00 per common share on November 12. On this date, the company has issued 14,000 shares but 2,500 shares are held as treasury shares. The company pays the dividend on December 14. What is the journal entry to record the payment of the dividend? If an amount box does not require an entry, leave it blank. Dec. 14 fill in the blank 2 fill in the blank 3 fill in the blank 5 fill in the blank 6
Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 750,000 shares of no-par common stock (with a stated value of $1.50) at $4, and on June 30, it issued for cash 17,500 shares of preferred stock, $50 par at $60. a. Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank. May 15 June 30 b. What is the total amount invested (total paid-in capital) by all stockholders as of June 30?
On June 1, Metlock, Inc. issues 1,300 shares of no-par common stock at a cash price of $8 per share. Journalize the issuance of the shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit June 1
Question Content Area Entries for treasury stock On May 27, Mama Mia Inc. reacquired 79,000 shares of its common stock at $10 per share. On August 3, Mama Mia sold 53,000 of the reacquired shares at $13 per share. On November 14, Mama Mia sold the remaining shares at $8 per share. Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank. Date Account Debit Credit May 27 Aug. 3 Nov. 14
Tropical Rainwear issues 2,000 shares of its $16 par value preferred stock for cash at $18 per share. Record the issuance of the preferred shares. (If no entry is required for a particular transaction/event, select "No Jour Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the issuance of the preferred, shares. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
On April 1, 10,000 shares of $6 par common stock were issued at $24, and on April 7, 6,000 shares of $60 par preferred stock were issued at $106. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Apr. 1 Apr. 7 ( Previous ms Next to search 3:27 PM 53°F Sunny (中ツ 12/14/2021 114 delete 144 pause home alt USE YOUR SMARTPHONE FOR Reviews Videos Features
Help
Entries for issuing par stock Instructions Chart of Accounts Instructions Journal Final Question 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. Required: a. Journalize the entries for January 22 and February 27. Refer to the Chart of Accounts for exact wording of account titles. b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?
The following were selected from among the transactions completed by Essex Company during July of the current year. Essex uses the net method under a perpetual inventory system. July 3. Purchased merchandise on account from Hamling Co., list price $89,000, trade discount 30%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $850 added to the invoice. 5. Purchased merchandise on account from Kester Co., $42,950, terms FOB destination, 2/10, n/30. 6. Sold merchandise on account to Parsley Co., $16,400, terms n/15. The cost of the goods sold was $9,390. 7. Returned merchandise with an invoice amount of $12,600 purchased on July 5 from Kester Co. 13. Paid Hamling Co. on account for purchase of July 3. 15. Paid Kester Co. on account for purchase of July 5, less return of July 7. 21. Received cash on account from sale of July 6 to Parsley Co. 21. Sold merchandise on MasterCard, $218,410. The cost of the goods sold was $152,110. 22. Sold merchandise on account to Tabor Co.,…
On April 1, 8,000 shares of $5 par common stock were issued at $23, and on April 7, 5,000 shares of $50 par preferred stock were issued at $105. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Apr. 1 - Select - - Select - - Select - - Select - - Select - - Select - Apr. 7 - Select - - Select - - Select - - Select - - Select - - Select -
Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 35,000 shares of $25 par common stock at $85, and on February 27, it issued for cash 100,000 shares of preferred stock, $5 par at $8. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 fill in the blank d725e7f4ff95fb3_2 fill in the blank d725e7f4ff95fb3_3 fill in the blank d725e7f4ff95fb3_5 fill in the blank d725e7f4ff95fb3_6 fill in the blank d725e7f4ff95fb3_8 fill in the blank d725e7f4ff95fb3_9 Feb. 27 fill in the blank d725e7f4ff95fb3_11 fill in the blank d725e7f4ff95fb3_12 fill in the blank d725e7f4ff95fb3_14 fill in the blank d725e7f4ff95fb3_15 fill in the blank d725e7f4ff95fb3_17 fill in the blank d725e7f4ff95fb3_18 b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?$fill in the blank…

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS