ABC issued 10,000 shares of stock for $20/share.   The stock has a par value of $5.   The journal entry would include: Group of answer choices A 200,000 credit to common stock A 200,000 debit to common stock A 50,000 debit to common stock. A 50,000 credit to common stock

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Q: Accounting Instructions: Complete the journal entries for the following events. Enter numbers…

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Q: On May 1, 10,000 shares of $10 par common stock were issued at $30, and on May 7, 5,000 shares of…

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Q: MJH Company issued 50 shares of stock with a par value of $10 per share for $12 a share.  The entry…

A: MJH Company  Issued 50 shares of stock with a par value of $10 per share for $12 a share.

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Q: Llewelyn Company purchased 3,600 shares of its own $8 par value common stock when the market price…

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A: Stock shows the right of the ownership of the shareholder.

Q: On May 1, 10,000 shares of $10 par common stock were issued at $30, and on May 7, 5,000 shares of…

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Q: Baltimore Bike had outstanding 12,000 shares of $50 par callable preferred stock. The corporation…

A: Called up shares=Number of shares×35%=12,000×35%=4,200

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A: When the shares are issued at a higher price than the face value, Are Issued at Premium.

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Q: If a corporation issues 6,000 shares of $5 par value common stock for $89,000, the journal entry…

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Q: April, Inc. issued 7,000 shares of preferred stock for $448,000. The stock has a par value of $64…

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Q: Larkspur, Inc. issues 7,600 shares of $108 par value preferred stock for cash at $116 per share.…

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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.