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. 1Apr. 7

Journal Entry is the primary step to record the transaction in the books of accounts. The increase…

Answered: On April 1, 9,000 shares of $8 par…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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In august 1, 10,000 shares of $10 per common stock were issued at $30. On August 7, 5,000 shares of $50 per preferred stock was issued at $111. Journalize May 1 and May 7
Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 40,000 shares of $24 par common stock at $82, and on February 27, it issued for cash 90,000 shares of preferred stock, $5 par at $9. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 Feb. 27 b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?
O 10 30 00 00 001 LGO ALGO ALGO ALGO ALGO tycks hea mare contractod for cash 45,000 shares of $15 par cost $55, and on huary 27, for a 130,000 shares of preferred stock, 15 perat aanuary 4, Alter I an amount ox does not require an entry, leave it bank Jan 22 Fett: 27 v What Pain Capital in Excess of Par Conan Preferred Stock Sis
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Required information Use the following information for Exercises 4-5 below. (Algo) [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 2,000 shares of $10 par value common stock for $24,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $33,500. The stock has a $3 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $33,500. The stock has no stated value. 4. A corporation issued 500 shares of $50 par value preferred stock for $58,500 cash. Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. Journal entry worksheet Li
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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 2, 9000 shares of $6 Par common stock were issued at $22 and on april 7, 4000 shares of $60 par preferred stock were issued at $104. Journalize the entries for april 2 and 7.
Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 45,000 shares of $12 par common stock at $41, and on February 27, it issued for cash 130,000 shares of preferred stock, $5 par at $8. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 Cash Common Stock Paid-In Capital in Excess of Par-Common Stock Feb. 27 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?$

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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. 7 000 000 000