Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Select account nar from the drop-down lists. Use cell references to the data area. Use mathematical formula calculate any amounts not given. n May 10, Jack Corporation issues common stock for cash. Shares of stock issued 2,000 %24 Par value per share Amount at which stock issued 10.00 $ 18.00 Journalize the issuance of the stock. Date Debit Credit May 10 4 15 16

Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Select account nar from the drop-down lists. Use cell references to the data area. Use mathematical formula calculate any amounts not given. n May 10, Jack Corporation issues common stock for cash. Shares of stock issued 2,000 %24 Par value per share Amount at which stock issued 10.00 $ 18.00 Journalize the issuance of the stock. Date Debit Credit May 10 4 15 16

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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Hi, I need help assembling the following two journal entries. Thanks!
Two online magazine companies reported the following in their financial statements: Outdoor Fun BetterWorth 2020 $ 171,173 417,049 2.98 57.20 2021 2020 $ 105,000 537,186 1.80 52.40 2021 $ 85,500 397,151 1.10 30.05 $ 107,604 462,814 Net income Total stockholders' Earnings per share Stock price when annual results reported equity 2.19 48.54 Required: 1-a. Compute the 2021 ROE for each company. 1-b. Which company appears to generate greater returns on stockholders' equity in 2021? 2-a. Compute the 2021 P/E ratio for each company. 2-b. Which company do investors appear to value more? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Compute the 2021 ROE for each company. (Round your answers to 1 decimal place.) ROE Outdoor Fun % BetterWorth %
Requirement 1. Record the transactions in Halborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.)\\nJan. 16: Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.40 per share dividend on the 80,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the payment date is February 15.
Complete a Statement of Stockholders' Equity sheet using the data provided (the steps) in the pictures.
Please follow the format
On June 1, Metlock, Inc. issues 1,300 shares of no-par common stock at a cash price of $8 per share. Journalize the issuance of the shares. (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 June 1
Tropical Rainwear issues 2,000 shares of its $16 par value preferred stock for cash at $18 per share. Record the issuance of the preferred shares. (If no entry is required for a particular transaction/event, select "No Jour Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the issuance of the preferred, shares. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
Post the transactions to T accounts .(post entries in the order (cash,account receivable,equipment, account payable common shares, dividens declared service revenue, rent expense, tax expenses, advertising expenses
On April 1, 10,000 shares of $6 par common stock were issued at $24, and on April 7, 6,000 shares of $60 par preferred stock were issued at $106. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Apr. 1 Apr. 7 ( Previous ms Next to search 3:27 PM 53°F Sunny (中ツ 12/14/2021 114 delete 144 pause home alt USE YOUR SMARTPHONE FOR Reviews Videos Features
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EQUITY TRANSACTIONS JOURNAL ENTRIES Use the following stock and equity transactions to record journals and prepare a partial Balance Sheet: HINT: you will need to keep track of the various equity accounts. I will give you two of the accounts you will need: CS, Par and APIC, but there are a few others. You may use a schedule/table, T accounts, or your own method. 1. Equity Financing Inc (EFI) is formed on Jan 1, 2020 and establishes 50,000 shares of common stock authorized with a par value of $.50 per share. 2. EFI issues 4000 shares of CS to the founding owner in exchange for land with a FMV of $5000 AND cash of $10,000. 3. On January 31, EFI sells 2000 shares of Common Stock for cash at $15 per share. 4. On March 31, EFI completes a 1 for 2 FORWARD stock split. 5. On June 15th EFI repurchases 1,000 shares of its own stock for $10 per share. 6. On November 15th, EFI declares a cash dividend payable in the next accounting period of $1 per share outstanding. 7. Net income for the…
Please fill in the blanks with blue arrows to the table above, the one you submitted back to me in response does not look like the same one I submitted