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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- 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. HelpJensen 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.Culver Inc.’s $10 par value common stock is actively traded at a market price of $16 per share. Culver issues 6,000 shares to purchase land advertised for sale at $108,000. Journalize the issuance of the stock in acquiring the land.
- 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?Journalize the issuance of the stock.devrat
- WW Corp. resells 500 shares of its own common stock for $22 per share. WW had acquired these shares two months before for $25 per share. The resale of this stock would be recorded with a: Select one: a. Debit to Cash for $12,500 b. Credit to Additional Paid-In Capital for $1,500 c. Debit to Common Stock for $12,500 d. Debit to Additional Paid-In Capital for $1,800 e. Credit to Treasury Stock for $12,500Riverbed 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 CreditIris 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 $8,000
- Vaughn Corporation sold 390 shares of treasury stock for $55 per share. The cost for the shares was $45. The entry to record the sale will include a O credit to Treasury Stock for $21450. O credit to Paid-in Capital from Treasury Stock for $3900. O debit to Paid-in Capital in Excess of Par for $3900. O credit to Gain on Sale of Treasury Stock for $17550.WW Corp. resells 400 shares of its own common stock for $20 per share. WW had acquired these shares two months before for $16 per share. The resale of this stock would be recorded with a: Select one: a. Debit to Common Stock for $8,000 b. Credit to Additional Paid-In Capital for $1,600 c. Debit to Additional Paid-In Capital for $2,000 d. Credit to Treasury Stock for $8,000 e. Credit to Additional Paid-In Capital for $2,000Hanson Co. issued 10,000 shares of its $5 par common stock for $15 a share. In addition, it incurred legal and accounting fees, stock certificate costs, and other related expenses totaling $18,500. Assume the sale was the initial issuance of stock at incorporation for Hanson Co. The entry to record the sale would include a Group of answer choices a. credit to Cash for $150,000. b. credit to Common Stock for $150,000. c. debit to Organization Expense for $18,500. d. credit to Additional Paid-in Capital on Common Stock for $81,500.