During its first year of operations, Crane Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 80,300 shares for cash at $6 per share. Mar. 1 July 1 Sept. 1 Date Jan. 10 Mar. 1 July 1 Sept. 1 Issued 5,000 shares to attorneys in payment of a bill for $37,200 for services rendered in helping the company to incorporate. Issued 31,300 shares for cash at $8 per share. Issued 64,600 shares for cash at $10 per share. Account Titles and Explanation Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Common Stock Paid-in Capital in Excess of Par - Common Stock Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Debit 481,800 Credit

During its first year of operations, Crane Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 80,300 shares for cash at $6 per share. Mar. 1 July 1 Sept. 1 Date Jan. 10 Mar. 1 July 1 Sept. 1 Issued 5,000 shares to attorneys in payment of a bill for $37,200 for services rendered in helping the company to incorporate. Issued 31,300 shares for cash at $8 per share. Issued 64,600 shares for cash at $10 per share. Account Titles and Explanation Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Common Stock Paid-in Capital in Excess of Par - Common Stock Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Debit 481,800 Credit

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Description: Par Value of $5 Do not give answer in image During its first year of operations, Crane Corporation had the following transactions pertaining to its common stock.Jan. 10Mar.July 1Sept. 1Date1Jan. 10Mar. 1July 1Sept. 1Issued 80,300 shares for cash at $

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 3CE: Prepare general journal entries for the following transactions of GOTE Company: (a) Received...

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Nutritious Pet Food Companys board of directors declares a cash dividend of $1.00 per common share on November 12. On this date, the company has issued 12,000 shares but 2,000 shares are held as treasury shares. The company pays the dividend on December 14. What is the journal entry to record the payment of the dividend?
Nutritious Pet Food Companys board of directors declares a cash dividend of $1.00 per common share on November 12. On this date, the company has issued 12,000 shares but 2,000 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend?
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