Jones Junkyard Corp. had the following transactions for this year. Prepare journal entries for each transaction and post the transactions to the provided ledger cards as you go along. a. On Jan 1, Jones Junkyard issued 5,000 shares of $4 par common stock for $22,000. b. On March 15, Jones Junkyard purchased 3,000 shares of their own stock on the open market for $10 cash per share. c. On July 10, Jones Junkyard re-issued 2,000 shares of treasury stock for $12 per share. d. On October 31, Jones Junkyard re-issued 1,000 shares of treasury stock for $9 per share. Journal entries (Hint: use the Account List - click to pop open to help you with your journal entries): Date Jan 1 Mar 15 July 10 Oct 31 Description Debit Credit

On January 1, Ivanhoe Corporation had 62,000 common shares issued. During the year, the following transactions occurred. Apr. 1 Issued 8,700 additional common shares for $66 cash per share. June 15 July 10 Dec. 1 Dec. 15 Prepare the entries, if any, at each of the above dates. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Date Apr. 1 June 15 June 30 Declared a cash dividend of $1.50 per share to common shareholders of record on June 30, payable on July 10. Paid the $1.50 cash dividend. Issued 4,100 additional common shares for $67 per share. Declared a cash dividend of $1.75 per share to common shareholders of record on December 31, payable January 10. July 10 Account Titles and Explanation Cash Common Shares Debit 574200

Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 parvalue. During its first year, the following selected transactions were completed:a. Issued 6,000 shares of common stock for cash at $20 per share.b. Issued 2,000 shares of common stock for cash at $23 per share.Required:1. Show the effects of each transaction on the accounting equation.2. Give the journal entry required for each of these transactions.3. Prepare the stockholders’ equity section as it should be reported on the year-end balancesheet. At year-end, the accounts reflected a profit of $100.4. Incentive Corporation has $30,000 in the company’s bank account. What is the maximumamount of cash dividends the company can declare and distribute?

During its first year of operations, Larkspur, Inc. had the following transactions pertaining to its common stock. Jan. 10   Issued 75,000 shares for cash at $6 per share. July    1   Issued 41,000 shares for cash at $9 per share.     A.) Journalize the transactions, assuming that the common stock has a par value of $6 per share. (Record journal entries in the order presented in the problem. 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 0 for the amounts.) Date Account Titles and Explanation Debit Credit                                                                                                                                                                                     B.) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per…

On January 3, Melrose Corporation purchased 1,800 shares of the company's $1 par value common stock as treasury stock, paying cash of $11 per share. On January 30, Melrose sold 1,450 shares of the treasury stock for cash of $12 per share. Journalize these transactions (Record debits first then credits Explanations will appear on the last line of the journal entry table.)

The following selected transactions occurred for Corner Corporation:  Feb. 1   Purchased 450 shares of the company’s own common stock at $25 cash per share; the stock is now held in treasury. July  15   Issued 125 of the shares purchased on February 1 for $35 cash per share. Sept. 1   Issued 85 more of the shares purchased on February 1 for $20 cash per share.   E11-8 Part 2 Prepare journal entries for each of the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Bramble Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1   Issued 44,000 shares for cash at $53 per share. July 1   Issued 63,000 shares for cash at $54 per share.     Journalize the transactions. (Record journal entries in the order presented in the problem. 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 0 for the amounts.) Date Account Titles and Explanation Debit Credit choose a transaction date                                                                       Feb. 1July 1 enter an account title enter a debit amount enter a credit amount   enter an account title enter a debit amount enter a credit amount   enter an…

During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. February 1: Repurchased 240 shares of the company's common stock at $22 cash per share. b. July 15: Sold 130 of the shares purchased on February 1 for $23 cash per share. c. September 1: Sold 100 of the shares purchased on February 1 for $21 cash per share. Required: 1. Prepare the journal entry required for each of the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 2 Repurchased 240 shares of the company's common stock at $22 cash per share. Date February 01 3 Note: Enter debits before credits. Record entry General Journal Clear entry Prev Debit 1 of 8 Credit View general journal ‒‒‒ ‒‒‒ ‒‒‒ Next > *********

James Incorporated is authorized to issue 5,000,000 shares of $1 par value common stock. In its second year of business, the company has the following transactions: Mar. 31 Issued 34,000 shares at $11 share. Jul. 9 Issued 120,000 shares in exchange for a building with a clearly determined value of $660,000. Aug. 30 Purchased 6,000 shares of treasury stock at $9 per share. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Mar. 31                       Jul. 9                       Aug. 30

On February 16, Candy Home Goods, Incorporated (CHG) acquired 7,000 shares of its own shares at a cost of $39 per share. On April 29, CHG sold 2,800 of the 7,000 shares of its treasury stock for $59 per share. On June 4, CHG sold the remaining 4,200 shares of treasury stock for $19 per share. What are the necessary journal entries to record these transactions? (Record debits first, then credits. Exclude explanations from any journal entries.) On February 16, Candy Home Goods, Incorporated (CHG) acquires 7,000 shares of its own shares at a cost of $39 per share. Account February 16