Prepare the journal entry to record Zende Company's issuance of 79,000 shares of $8 par value common stock assuming the sharessell for:a. $8 cash per share.b. $9 cash per share.View transaction listJournal entry worksheet< 1Record the issuance of 79,000 shares of $8 par value common stock assumingthe shares sell for $8 cash per share.2Note: Enter debits before credits.Transactiona.General JournalDebit Credit>

The legal capital which is printed on the stock certificate is the par value of common stock, it is…

Answered: Prepare the journal entry to record…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 4CE: Prepare the stockholders equity section of the balance sheet based on the following account...

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Prepare general journal entries for the following transactions of GOTE Company: (a) Received subscriptions for 10,000 shares of 2 par common stock for 80,000. (b) Received payment of 30,000 on the stock subscription in transaction (a). (c) Received the balance in full for the stock subscription in transaction (a) and issued the stock. (d) Purchased 1,000 shares of its own 2 par common stock for 7.50 a share. (e) Sold 500 shares of the stock on transaction (d) for 8.50 a share.
Prepare the stockholders equity section of the balance sheet based on the following account balances: Common stock, 2 par, 60,000 shares 120,000 Preferred stock, 10 par, 5%, 4,000 shares 40,000 Common stock subscribed, 2 par, 3,000 shares 6,000 Retained earnings 17,000 The answers to the Self-Study Test Questions are at the end of the chapter (pages 811812).
Prepare the journal entry to record Zende Company's issuance of 84,000 shares of $8 par value common stock assuming the shares sell for: a. $8 cash per share. b. $9 cash per share. View transaction list Journal entry worksheet 1 Record the issuance of 84,000 shares of $8 par value common stock assuming the shares sell for $8 cash per share. 2 Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal Saved >
Prepare the journal entry to record Zende Company's issuance of 65,000 shares of $4 par value common stock assuming the shares sell for: a. $4 cash per share. b. $5 cash per share. View transaction list Journal entry worksheet Record the issuance of 65,000 shares of $4 par value common stock assuming the shares sell for $4 cash per share. 2 Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal
Prepare the journal entry to record Zende Company’s issuance of 75,000 shares of $4 par value common stock assuming the shares sell for: $4 cash per share. $5 cash per share.
Prepare the journal entry to record Jevonte Company's issuance of 36,000 shares of its common stock assuming the shares have a: a. $2 par value and sell for $18 cash per share. b. $2 stated value and sell for $18 cash per share. View transaction list Journal entry worksheet 1 es Record the issuance of 36,000 shares of common stock assuming the shares have a $2 par value and sell for $18 cash per share. Note: Enter debits before credits. Transaction General Journal Credit Debit 8:39 PM 3/27/202 Fn Lock Insert Prt Sc F7 F8 F9 F10 F11 F12 F6
Prepare the journal entry to record Jevonte Company's issuance of 36,000 shares of its common stock assuming the shares have a: a. $2 par value and sell for $18 cash per share. b. $2 stated value and sell for $18 cash per share. View transaction list Journal entry worksheet 1 2 Record the issuance of 36,000 shares of common stock assuming the shares have a $2 par value and sell for $18 cash per share. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general journal
1. Prepare the journal entry to record Tamas Company's issuance of 5,000 shares of $100 par value, 7% cumulative preferred stock for $102 cash per share. 2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record Tamas Company's issuance of 5,000 shares of $100 par value, 7% cumulative preferred stock for $102 cash per share. View transaction list Journal entry worksheet A ... ... ....*...... 8:41 3/27/2 Insert Prt Sc F7 F8 F9 F10 F11 F12 Fn F3 F4 F5 F6 + Lock
Prepare the journal entry to record Zende Company's issuance of 75,000 shares of $5 par value common stock assuming the shares sell for: a. $5 cash per share. b. $6 cash per share. View transaction list Journal entry worksheet 1 > Record the issuance of 75,000 shares of $5 par value common stock assuming the shares sell for $5 cash per share. Note: Enter debits before credits. 3/ F6 F7 F8 F9 F10
Prepare the journal entry to record Jevonte Company's issuance of 38,000 shares of its common stock assuming the shares have a: a. $3 par value and sell for $16 cash per share. b. $3 stated value and sell for $16 cash per share. View transaction list Journal entry worksheet 1 Record the issuance of 38,000 shares of common stock assuming the shares have a $3 par value and sell for $16 cash per share. 2 Note: Enter debits before credits. Transaction a. General Journal Debit Credit >
Prepare the journal entry to record Jevonte Company’s issuance of 36,000 shares of its common stock assuming the shares have a a. $2 par value and sell for $18 cash per share. b. $2 stated value and sell for $18 cash per share.
Prepare the journal entry to record Autumn Company's issuance of 63,000 shares of no-par value common stock assuming the shares: a. Sell for $29 cash per share. b. Are exchanged for land valued at $1,827,000. View transaction list Journal entry worksheet < 1 2 Record the issuance of 63,000 shares of no-par value common stock assuming the shares sell for $29 cash per share. Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal

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