Entries for Issuing Stock On January 22, Erin Corporation issued for cash 13,000 shares of no-par common stock at $45. On February 14, Erin issued at par value 5,000 shares of preferred 4% stock, $75 par for cash. On August 30, Erin issued for cash 17,000 shares of preferred 4% stock, $75 par at $80. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank. Jan. 22               Feb. 14               Aug. 30

Q: Rodriguez Corporation issues 14,000 shares of its common stock for $237,500 cash on February 20.…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

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

A: Total paid in capital is the amount of capital which includes the common stock, preferred stock,…

Q: Entries for Stock Dividends Vienna Corporation has 33,000 shares of $60 par common stock…

A: Stock Dividend = 33,000 x 2%                          = 660 Shares Value of Stock Dividend = 660…

Q: Entries for issuing stock On January 22, Zentric Corporation issued for cash 180,000 shares of…

A: The objective of the question is to journalize the entries for the issuance of stocks by Zentric…

Q: Entries for Issuing Stock On January 22, Erin Corporation issued for cash 21,000 shares of no-par…

A: Definition:

Q: On July 3, Hanoi Artifacts Corporation issued for cash 450,000 shares of no-par common stock at…

A: Journal entries refer to the recording of transactions in an appropriate way. With the help of…

Q: On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 210,000 shares of…

A: On January 22 : (a) Number of Common Stock shares issued = 210,000 shares (b) Par Value = $ 30 (c)…

Q: On January 22, Limerick Corporation issued for cash 15,000 shares of no-par common stock at $15. On…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

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: Rodriguez Corporation issues 10,000 shares of its common stock for $82,300 cash on February 20.…

A: Common Stock is a ledgers that represents amount raised by the organization by issuing shares to the…

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 January 22, Erin Corporation issued for cash 14,000 shares of no-par common stock at $35. On…

A: The par value of shares issued to the stock account like preferred stock and common stock. The…

Q: On January 22, Muir Corporation issued for cash 12,000 shares of no-par common stock at $45. On…

A: Cash received on January 22 = No. of common shares issued x issue price per share = 12,000 x $45 per…

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: Rodriguez Corporation issues 11,000 shares of its common stock for $132,100 cash on February 20.…

A: The company can raise funds through various methods. Some of them are, by way of issuing common…

Q: On May 10, a company issued for cash 2,000 shares of no-par common stock (with a stated value of $2)…

A: Given that: Common stock shares issued = 2000 shares Preferred Stock shares = 3000 shares

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

A: Solution a: Pidgeon Stones Inc. - Journal Entries Date Particulars Debit  Credit 31-Oct Cash…

Q: On January 22, Shamrock Corporation issued for cash 13,000 shares of no-par common stock at $40. On…

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

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: Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash…

A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…

Q: Rodriguez Corporation issues 14,000 shares of its common stock for $237,500 cash on February 20.…

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

Q: Entries for stock dividends Madrid Corporation has 23,000 shares of $70 par common stock…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: On January 22, Ireland Corporation issued for cash 34,000 shares of no-par common stock at $20. On…

A: Journal entries refers to the official book of a company which is used to record the day-to-day…

Q: Alma Corp. issues 1,000 shares of $10 par common stock at $14 per share. When the transaction is…

A: Journal Entry: Journal entry is the initial process of tracking transactions in the books of a…

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

A: Issue of stock means to sell the shares of the entity in the market. The selling of shares could be…

Q: Entries for Issuing Stock On January 22, Limerick Corporation issued for cash 13,000 shares of…

A:

Q: On January 22, Erin Corporation issued for cash 12,000 shares of no-par common stock at $45. On…

A: Date Account Titles and Explanation Debit Credit January 22 Cash (12,000 x $45) $540,000     To…

Q: Rodriguez Corporation issues 18,000 shares of its common stock for $99,300 cash on February 20.…

A: The shares that has no par or stated value, do not involve any additional paid in capital balance.…

Q: Journalize the entries to record the January 22, February 14, and August 30 transactions. If an…

A: Journal entries refers to the official book of a company which is used to record the day to day…

Q: Pro-Builders Corporation has 242,000 shares of $45 par common stock outstanding. On September 2,…

A: Stock dividend means a payment given to the shareholders in shares instead of a cash payment. Stock…

Q: On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 250,000 shares of no-par common…

A: Total amount received from issue of common stock = 250,000 shares x $15 per share = $3,750,000 Total…

Q: Madrid Corporation has 11,000 shares of $50 par common stock outstanding. On August 2, Madrid…

A: The stock dividend is the dividend which is paid to the shareholders through which the shares are…

Q: On January 22, Zentric Corporation issued for cash 180,000 shares of no-par common stock at $4. On…

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: Entries for issuing stock On January 22, Ireland Corporation issued for cash 14,000 shares of no-par…

A: The objective of the question is to journalize the entries for the issuance of stocks by Ireland…

Q: Madrid Corporation has 31,000 shares of $20 par common stock outstanding. On August 2, Madrid…

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

Q: n January 22, Micah Corporation issued for cash 125,000 shares of no-par common stock at $6. On…

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

Q: Analyzing & Identifying Financial Statement Effects of Stock IssuancesOn September 1, Maggiolo…

A: a.

Q: Entries for Stock Dividends Paris Corporation has 15,000 shares of $90 par common stock…

A: The dividend is a method of distributing profit to the stockholders but the Stock dividend is a…

Q: Entries for Issuing No-Par Stock On February 12, Quality Carpet Inc., a carpet wholesaler, issued…

A: To prepare journal entries first we need to understand the Golden Rules of Accounting and the types…

Q: Complete the following problem Jan.  Issued 1,000 shares of Common Stock, $2 par for $12 per share.…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

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.