Vienna Corporation has 31,000 shares of $90 par common stock outstanding. On June 8, Vienna Corporation declared a 4% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $120 per share on June 8.

Q: Vincent Corporation has 99,000 shares of $110 par common stock outstanding. On June 30, Vincent…

A: A journal entry is a record of a business arrangement in the accounting system of a company. Journal…

Q: Vincent Corporation has 91,000 shares of $105 par common stock outstanding. On June 30, Vincent…

A: Introduction: A journal entry is a record of a business arrangement in the accounting system of a…

Q: Sage Corporation has outstanding 363,000 shares of $10 par value common stock. The corporation…

A: The term "stock dividend" refers to a payout made in the form of additional shares to current…

Q: 2. Record the entry on the date of record. 3.Record the payment of cash dividends.

A: Dividend - Dividend is the amount distributed to the shareholders from the profit of the company.…

Q: On November 27, the board of directors of Marin Company declared a $0.40 per share dividend. The…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Prepare the journal entries on January 1, 2025, and December 31, 2026, assuming that Metlock issued…

A: As per the main question we have, number of RSUs  issued = 4,400 unitsFair value of stock on the…

Q: Bonita Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value…

A: Journal entries are the primary reporting of the business transactions in the books of accounts.…

Q: Blue Spruce Inc.'s $10 par value common stock is actively traded at a market price of $16 per share.…

A: Common stock is a type of tradeable assets, or security, that equates to ownership in  company.Per…

Q: Monty Inc. issues 4,550 shares of $100 par value preferred stock for cash at $140 per share.…

A: Journal Entry :— It is an act of recording transaction in books of account when transaction…

Q: On May 1, Splish Brothers Corporation purchased 3.200 shares of its $10 par value common stock at a…

A: Treasury stock: Shares that are bought back by the company from the open market but not retired from…

Q: Culver Corporation issued 1,800 shares of $10 par value common stock upon conversion of 900 shares…

A: Date Particulars Debit Credit      - Preferred Stock  (900 X 50) 45,000     Paid - in capital in…

Q: On July 1, Sage Hill Inc. purchases 600 shares of its $5 par value common stock for the treasury at…

A: Total cash paid = No. of shares purchases x Price per share = 600*$8 = $4,800

Q: On July 1, Blue Spruce Corporation purchases 460 shares of its $5 par value common stock for the…

A: Treasury shares means the share which has been buy back by the company . It will be shown as…

Q: Pro-Builders Corporation has 242,000 shares of $30 par common stock outstanding. On September 2,…

A: INTRODUCTION Dividend is distribution of company’s profit and it is paid in the form of cash or…

Q: Oriole Corporation has 74,000 shares of common stock outstanding. It declares a $2 per share cash…

A: Dividends declared = Number of shares Outstanding ×Cash dividend per share  = 74000×$2 =$148,000

Q: Red Market Corporation has 370,000 shares of $27 par common stock outstanding. On June 8, Red Market…

A: Solution:- Journal entries in the books of Red Market Corporation

Q: Splish Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value…

A: No.Account Titles and ExplanationDebitCredita.Cash$125,000         Common Stock (500 x $10)$5,000…

Q: need help for both with all working

A: 1. Treasury Stock - Treasury Stocks are the own stock of the company purchased from the market. They…

Q: Shamrock, Inc. issues 9,100 shares of $106 par value preferred stock for cash at $114 per share.…

A: Total cash received = No. of shares issued x Issue price per share = 9,100*$114 = $1,037,400

Q: Concord Corporation is authorized to issue 49,000 shares of $5 par value common stock. During 2025,…

A: JOURNAL ENTRIESJournal Entry is the first stage of Accounting Process. Journal Entry is the Process…

Q: Oriole Corporation has outstanding 489,000 shares of $10 par value common stock. The corporation…

A: Stock Dividend: A "stock dividend" is an award given by a firm to its existing shareholders that…

Q: Crane Corporation issued 250 shares of $10 par value common stock for $3,750. Prepare Crane’s…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: Prepare the following ledger accounts to record the transaction in the books of Rose Bhd: (i)…

A: The ledger accounts are prepared as transactions posted from journal.

Q: Vincent Corporation has 96,000 shares of $105 par common stock outstanding. On June 30, Vincent…

A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in…

Q: Pharoah Corporation has outstanding 420,000 shares of $10 par value common stock. The corporation…

A: Stock dividend means a payment given to the shareholders in shares instead of a cash payment. Stock…

Q: Bridgeport Corporation issued 2,400 shares of its $10 par value common stock for $51,700. Bridgeport…

A: A journal entry is the act of keeping or making records of any transactions either economic or…

Q: Flint Corporation issued 1,900 shares of stock. Prepare the entry for the issuance under the…

A: Solution: Journal entry : Date                                General Journal Debit $ Credit $…

Q: Metlock Corporation issued 1,800 shares of $10 par value common stock upon conversion of 900 shares…

A: Conversion of preferred stock into common stock is an option for the stockholders offered by the…

Q: On May 1, Howard Corporation purchased 2,000 shares of its $10 par value common stock at a cash…

A: The journal entries are prepared to record the transactions on regular basis. The treasury stock…

Q: Vincent Corporation has 93,000 share of $100 par common stock outstanding. On June 30, Vincent…

A: The stock dividend has just transferred from retained earnings to Paid in Capital. There is not any…

Q: Pro-Builders corporation has 1,500,000 shares par common stock outstanding. On September 2, pro-…

A: Definition: Stock dividends: Stock dividends are the number of shares issued by a company to the…

Q: Tamarisk, Inc. issues 9,400 shares of $106 par value preferred stock for cash at $110 per share.…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Your answer is partially correct. Oriole Corporation has outstanding 489,000 shares of $10 par value…

A: The corporation distributes dividends on equity. Dividends can be paid in cash or by issuing shares;…

Q: Flounder Limited issued 1,930 common shares for $61,760. (a) Prepare Flounder's journal entry if the…

A: Common Stock (Credit): Represents the equity generated from the sale of the common shares. The total…

Q: Riverbed Inc's $10 par value common stock is actively traded at a market price of $16 per share.…

A: JOURNAL ENTRIES Journal Entry is the First stage of Accounting Process. Journal Entry is the Process…

Q: Metlock Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value…

A: The journal entries are prepared to record the transactions on regular basis. The shares are issued…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.