Entries for Issuing Par Stock On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 150,000 shares of $5 par common stock at $8, and on November 19, it issued for cash 35,000 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   - Select - - Select -     - Select - - Select -     - Select - - Select - Nov. 19   - Select - - Select -     - Select - - Select -     - Select - - Select -   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 6fb08b024fa0fc7_1

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A: When the shares issued are bought back from the existing shareholders they are referred to as…

Q: On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 320,000 shares of $5 par…

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Q: On April 1, 12,000 shares of $6 par common stock were issued at $23, and on April 7, 3,000 shares of…

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Q: On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 110,000 shares of $8 par…

A: Stocks are issued by the company to raise the funds. There are mainly two types of funds; 1) Common…

Q: Entries for Issuing Par Stock On October 31, Pidgeon Stones Inc., a marble contractor, issued for…

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

Q: On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 120,000 shares of $5 par…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 25,000 shares of…

A: (1) Debit what comes in, Credit what goes out.(2) Debit all expenses and losses, Credit all incomes…

Q: On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 130,000 shares of $5 par…

A: The objective of the question is to journalize the entries for the issuance of common and preferred…

Q: Entries for Isuing Par Stock On October 31, Pidgeon Stones Inc., a marble contractor, issued for…

A: Amount  received  for issue of shares in excess of par value will be credited  to paid in capital…

Q: On April 1, 9,000 shares of $7 par common stock were issued at $23, and on April 7, 4,000 shares of…

A: Date Account Titles and Explanation  Debit   Credit  Apr'1 Cash (9,000 shares X $ 23 per share)  $…

Q: eBook Show Me How Calculator E Print Item Entries for Issuing stock Instructions Chart of Accounts…

A:

Q: On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 100,000 shares of $8 par…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: On Sept. 1, Paddington, Inc., issued 1,000 shares of $10 stated value common stock for cash of $10…

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Q: On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 50,000 shares of $8…

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Q: Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31,…

A: Formulas: Cash = Number of shares * issue price --------------------- Common stock = Number of…

Q: a.  Issued 1,000 shares of $10 par common stock at $56. If an amount box does not require an entry,…

A: Common Stock is always credited with the par value. If the shares are issued for a higher price than…

Q: On April 1, 10,000 shares of $7 par common stock were issued at $24, and on April 7, 6,000 shares of…

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Q: a. Journalize the entries for October 31 and November 19. Refer to the chart of accounts for the…

A: The journal entry is given as,

Q: On April 1, 10,000 shares of $5 par common stock were issued at $22, and on April 7, 5,000 shares of…

A: Solution:- preparation of journal entries as follows under:-

Q: Entries for Issuing Par Stock On October 31, Pidgeon Stones Inc., a marble contractor, issued for…

A:

Q: On May 10, Ayayai Corp. issues 1,000 shares of $4 par value common stock for cash at $11 per share.…

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Q: Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor,…

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Q: On April 1, 10,000 shares of $6 par common stocK Were issued at $24, and on April 7, 6,000 shares of…

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Q: Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor,…

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Q: On April 1, 8,000 shares of $5 par common stock were issued at $23, and on April 7, 5,000 shares of…

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Q: Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor,…

A: On Jan 22, 35,000 common shares issued {PAR=$25} @ $85 each ~ $60 Share premium   On Feb 27,…

Q: On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 140,000 shares of $8 par…

A: JOURNAL ENTRIES : DATE  PARTICULARS  DEBIT ($) CREDIT ($)         OCTOBER 31 CASH (140,000 X…

Q: On April 1, 9,000 shares of $8 par common stock were issued at $26, and on April 7, 2,000 shares of…

A: Journal Entry is the primary step to record the transaction in the books of accounts. The increase…

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A: JOURNAL ENTRIESJournal Entry is the first stage of Accounting Process. Journal Entry is the Process…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.