Oriole Corporation is authorized to issue 1.000,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions. Jan. 15 Issued 430.000 shares of stock at S6 per share. Sept. 5 Purchased 34,000 shares of treasury stock at $8 per share. Journalize the transactions for Oriole Corporation. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Cash Common Stock Pald-in Capltal In Excess of Stated Vvalue-Common Stock

Oriole Corporation is authorized to issue 1.000,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions. Jan. 15 Issued 430.000 shares of stock at S6 per share. Sept. 5 Purchased 34,000 shares of treasury stock at $8 per share. Journalize the transactions for Oriole Corporation. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Cash Common Stock Pald-in Capltal In Excess of Stated Vvalue-Common Stock

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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Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $5 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity:Issued 10,000 shares of common stock at $7 per share.Issued 20,000 shares of common stock at $8 per share.Reported a net income of $100,000.Paid dividends of $50,000.Purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8).What is the balance in the Treasury Stock account at the end of 2021? Multiple Choice $160,000. $260,000. $30,000. $250,000.
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Riverbed Services Inc. issued 1,000 $2 convertible preferred shares at $75 and 5,600 common shares at $25 each in 2022. Each preferred share is convertible into three common shares. On March 15, 2023, preferred shareholders converted 110 preferred shares into common shares. Record the conversion. (List debit entry before credit entry. 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 O for the amounts.) Account Titles and Explanation Debit Credit
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Pharoah Corporation has outstanding 420,000 shares of $10 par value common stock. The corporation declares a 5% stock dividend when the fair value of the stock is $70 per share. Prepare the journal entries for Pharoah Corporation for both the date of declaration and the date of distribution. (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 O for the amounts.) Account Titles and Explanation Debit Credit Declaration Date Distribution Date 77°F A d0) O pe here to search
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Grouper Corp. has 7,700 shares of common stock outstanding. It declares a $5 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit
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Peter Corp. issued 1,700 7%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1. The adjusting journal entry on December 31. 2022, to record interest expense, would require a debit to interest expense and credit to interest payable in the amount of Your Answer: Answer The following data is available for Siddiqui Corporation at December 31, 2022: Common stock, par $10 (authorized 1,119,500 shares) Treasury stock (at cost $30 per share) $264.900 $1,430 Based on the data, how many shares of common stock are outstanding? (Round your answer to the nearest whole number-zero decimal places)
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