Jer Inc.'s $10 par value common stock is actively traded at a market value of $15 per share. Jer issues 5,000 shares to purchase land advertised for sale at $85,000. Journalize the issuance of the stock in acquiring the land.
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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?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.devrat
- 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 $8,000Sudoku Company issues 30,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $235,000 and the building at $376,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. View transaction list Journal entry worksheet < A Record the issue of 30,000 shares of $6 par value common stock in exchange for land valued at $235,000 and a building valued at $376,000. Note: Enter debits before credits. Transaction 1 General Journal Debit CreditPharaoh Company obtained land by issuing 1,720 shares of its $14 par value ordinary shares. The land was recently appraised at $85,000. The ordinary shares are actively traded at $44 per share. Prepare the journal entry to record the acquisition of the land. (Credit account titles are automatically indented when amount is entered Do not indent manuallyIf no entry is required, select "No Entry" for the account titles and enter for the amounts)
- Sudoku Company issues 22,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $242,000 and the building at $368,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. View transaction list Journal entry worksheet レ A Record the issue of 22,000 shares of $9 par value common stock in exchange for land valued at $242,000 and a building valued at $368,000. Note: Enter debits before credits. Transaction General Journal Debit Credit 1Crane 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 44820Putt Company issues 500 shares of $100 preferred stock to Drive Corporation in exchange for land on December 31. This land was carried on Drive’s books for $40,000. c.The preferred stock is currently selling for $125 per share. The land is appraised at $64,000. 2.Next Level For Requirement 1(c), discuss why you chose the value used in the journal entry.
- Sudoku Company issues 18,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $227,000 and the building at $365,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. View transaction list Journal entry worksheet A Record the issue of 18,000 shares of $8 par value common stock in exchange for land valued at $227,000 and a building valued at $365,000. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journalhardik1. 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.