Jensen Corp.'s $5 par value common stock is actively traded at a market value of $12 per share. Jensen issues 8,000 shares to purchase land advertised for sale at $105,000. Journalize the issuance of the stock in acquiring the land.
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Journalize the issuance of the stock.
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- Bridgeport Inc.’s $9 par value common stock is actively traded at a market price of $15 per share. Bridgeport issues 4,800 shares to purchase land advertised for sale at $71,500.Journalize the issuance of the stock in acquiring the land. What is the date? What is credit or debit? What is the title or explanation?Iris Corporation makes an investment in 200 shares of Harolds Company’s common stock. The stock is purchased for $40 a share plus brokerage fees of $425. Which of the following is the correct entry for the purchase? Cash $8,000 Investments - Harolds Company Stock $8,000 Investments – Harolds Company Stock $8,425 Cask $8,425 Investments - Harolds Company Stock $8,000 Brokerage Fee Expense 425 Cash $8,425 ROCK Investments – Harolds Company Stock %8,000 Cash $8,000XYZ Company issued at par 100 shares of $2 par common stock in exchange for land with a market value of $10,000. journalize this transaction
- Crane Corporation makes an investment in 540 shares of Cullumber Company's common stock. The stock is purchased for $83 a share. The entry for the purchase is: Debt Investments Cash 43200 43200 Stock Investments 44820 Cash 44820 Stock Investments 43200 Cash 43200 Cash 44820 Stock Investments 44820Riverbed Inc's $10 par value common stock is actively traded at a market price of $16 per share. Riverbed issues 6,000 shares to purchase land advertised for sale at $77,500. Journalize the issuance of the stock in acquiring the land. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit CreditBarton Company is a publicly held corporation whose $1 par value stock is actively traded at $33 per share. The company issued 3,000 shares of stock to acquire land recently advertised at $100,000. When recording this transaction, Barton Company will O a debit Land for $100,000 Ob.credit Common Stous for $96,000 Oc debit Land for $96,000 Od debit Land for $99,000
- 1. Record, in journal entry form, the following transactions, assuming the company plans on holding the investments for trading purposes: April 16 - Purchased 300 shares of Ameco for $25 per share. • May 2 - Purchased 1,000 shares of Rattle Inc. for $12.50 per share. • June 19 - Sold 100 Ameco shares for $32.75 per share. • October 7 - Purchased 550 shares of BMC for $27.80 per share. • November 30 - Received a dividend of $0.25 per share from Rattle. • December 12 - Sold half the shares in BMC for $21.00 per share. 2. Record any required journal entries on December 31, the company's year-end.Sheffield Inc's $10 par value common stock is actively traded at a market price of $13 per share. Sheffield issues 6.000 shares to purchase land advertised for sale at $90,000. Journalize the issuance of the stock in acquiring the land. (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 O for the amounts.) Account Titles and Explanation Debit CreditBridgeport Inc's $10 par value common stock is actively traded at a market price of $15 per share. Bridgeport issues 4,800 shares to purchase land advertised for sale at $71,500. Journalize the issuance of the stock in acquiring the land. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit eTextbook and Media
- Swifty Inc's $10 par value common stock is actively traded at a market price of $15 per share. Swifty issues 6,300 shares to purchase land advertised for sale at $79,000. Journalize the issuance of the stock in acquiring the land. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash Common Stock Paid-in Capital in Excess of Par-Common StockBlue Spruce Inc's $10 par value common stock is actively traded at a market price of $16 per share. Blue Spruce issues 6,600 shares to purchase land advertised for sale at $80,500. Journalize the issuance of the stock in acquiring the land. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit CreditFinancial Accounting