Vincent Corporation has 99,000 shares of $110 par common stock outstanding. On June30, Vincent Corporation declared a 4% stock dividend to be issued on July 30 tostockholders of record July 15. The market price of the stock was $115 a share on June30.If no entry is required, select "No Entry" and leave the amount boxes blank.Journalize the entry required on June 30. If an amount box does not require an entry,leave it blank.June 30Journalize the entry required on July 15. If an amount box does not require an entry,leave it blank.July 15Journalize the entry required on July 30. If an amount box does not require an entry,leave it blank.July 30

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

Answered: Vincent Corporation has 99,000 shares…

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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On May 10, Pronghorn Corporation issues 2,700 shares of $10 par value common stock for cash at $18 per share. Journalize the issuance of the stock. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation May 10 Debit Credit
Bridgeport Corporation issued 590 shares of no-par common stock for $8,800. Prepare Bridgeport's journal entry if (a) the stock has no stated value, and (b) the stock has a stated value of $2 per share. (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.
Vincent Corporation has 93,000 share of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 4% stock dividend to be issued on July 30 to stockholders of record July 15. The market price of the stock was $124 a share on June 30. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Journalize the entry required on June 30. June 30 Journalize the entry required on July 15. July 15 Journalize the entry required on July 30. July 30 00
Delta Corporation issued 10,000 shares of no-par common stock for $1 per share on July 13. Record the stock issuance. (Check your spelling carefully and do not abbreviate. Be sure to include the type of stock in the account names where applicable. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Jul. 13
Pro-Builders corporation has 1,500,000 shares par common stock outstanding. On September 2, pro- builders corporation declared a $3 stock dividend to be issued November 30 to stockholders of record on October 3. The market price of the stock was $36 per share on September 2. Journalize the entries required on September 2, October 3,and November 30. If no entry is required, simply skip to the next transaction.
Subject - account Please help me. Thankyou.
Sunland Corporation issued 310 shares of $10 par value common stock for $4,650.Prepare Sunland’s journal entry. (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.)
Flounder Limited issued 1,930 common shares for $61,760. (a) Prepare Flounder's journal entry if the shares have no par value. (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
Riverbed Inc's $10 par value common stock is actively traded at a market price of $16 per share. Riverbed issues 6,000 shares to purchase land advertised for sale at $77,500. Journalize the issuance of the stock in acquiring the land. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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
Please answer completely and properly
Tamarisk, Inc. has 50,000 shares of $10 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $16. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. 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.) Date Account Titles and Explanation Debit Credit

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