On April 1, 12,000 shares of $6 par common stock were issued at $22, and on April 7, 6,000 shares of $60 par preferred stock were issued at $104. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Date Account Debit Credit April 1 - Select - - Select - - Select - - Select - - Select - - Select - April 7 - Select - - Select - - Select - - Select - - Select - - Select -

On April 1, 12,000 shares of $6 par common stock were issued at $22, and on April 7, 6,000 shares of $60 par preferred stock were issued at $104. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Date Account Debit Credit April 1 - Select - - Select - - Select - - Select - - Select - - Select - April 7 - Select - - Select - - Select - - Select - - Select - - Select -

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Date	Debit	Credit
April 1	- Select -	- Select -
	- Select -	- Select -
	- Select -	- Select -
April 7	- Select -	- Select -
	- Select -	- Select -
	- Select -	- Select -

Similar questions

Help
Entries for issuing par stock Instructions Chart of Accounts Instructions Journal Final Question On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 210,000 shares of $30 par common stock at $34, and on February 27, it issued for cash 15,000 shares of preferred stock, $9 par at $12. Required: a. Journalize the entries for January 22 and February 27. Refer to the Chart of Accounts for exact wording of account titles. b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?
Help me pls
The following were selected from among the transactions completed by Essex Company during July of the current year. Essex uses the net method under a perpetual inventory system. July 3. Purchased merchandise on account from Hamling Co., list price $89,000, trade discount 30%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $850 added to the invoice. 5. Purchased merchandise on account from Kester Co., $42,950, terms FOB destination, 2/10, n/30. 6. Sold merchandise on account to Parsley Co., $16,400, terms n/15. The cost of the goods sold was $9,390. 7. Returned merchandise with an invoice amount of $12,600 purchased on July 5 from Kester Co. 13. Paid Hamling Co. on account for purchase of July 3. 15. Paid Kester Co. on account for purchase of July 5, less return of July 7. 21. Received cash on account from sale of July 6 to Parsley Co. 21. Sold merchandise on MasterCard, $218,410. The cost of the goods sold was $152,110. 22. Sold merchandise on account to Tabor Co.,…
On April 1, 8,000 shares of $5 par common stock were issued at $23, and on April 7, 5,000 shares of $50 par preferred stock were issued at $105. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Apr. 1 - Select - - Select - - Select - - Select - - Select - - Select - Apr. 7 - Select - - Select - - Select - - Select - - Select - - Select -
Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 35,000 shares of $25 par common stock at $85, and on February 27, it issued for cash 100,000 shares of preferred stock, $5 par at $8. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 fill in the blank d725e7f4ff95fb3_2 fill in the blank d725e7f4ff95fb3_3 fill in the blank d725e7f4ff95fb3_5 fill in the blank d725e7f4ff95fb3_6 fill in the blank d725e7f4ff95fb3_8 fill in the blank d725e7f4ff95fb3_9 Feb. 27 fill in the blank d725e7f4ff95fb3_11 fill in the blank d725e7f4ff95fb3_12 fill in the blank d725e7f4ff95fb3_14 fill in the blank d725e7f4ff95fb3_15 fill in the blank d725e7f4ff95fb3_17 fill in the blank d725e7f4ff95fb3_18 b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?$fill in the blank…
On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 140,000 shares of $8 par common stock at $12, and on November 19, it issued for cash 60,000 shares of preferred stock, $18 par at $61. a. Journalize the entries for October 31 and November 19. If an amount box does not require an entry, leave it blank. Oct. 31 fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank Nov. 19 fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?$fill in the blank
On April 1, 9,000 shares of $8 par common stock were issued at $26, and on April 7, 2,000 shares of $80 par preferred stock were issued at $108. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Apr. 1 Apr. 7
Journal entry worksheet