FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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"aw
11
Journal entry worksheet
<
A 8
Record the issue of 2,000 shares of $20 par value common stock for $48,000
cash.
Note: Enter debits before rect
DA
<
saction
Racord any
C
B
D
Journal entry worksheet
ANTIIN
Record entry
General Journal
D
Clear entry
SAMANTANETTOY
Note: Enter debith bercire cre
Transaction General Journal
13
Record the issue of 1,000 shares of no-par common stock to its promoters in
exchange for their efforts, estimated to be worth $55.500. The stock has no
stated value
Debit Credit
Clear entry
View general Journal
Debit Credit
View goneral Journal
C'
raw
ME
Journal entry worksheet
<
Transaction
2
B
Record the issue of 1,000 shares of no-par common stock to its promoters in
exchange for their efforts, estimated to be worth $55,500. The stock has a $6
per share stated value.
BENDRUHTHOA
Note: Enter dehis before credits
Record entry
View transaction et
< A
C
Transaction
4
Journal entry worksheet
B
Record entry
D
C
Note: Enter debits berore zradits..
A
Jun
General Journal
Claar ondry
Record the issue of 500 shares of $100 par value preferred stock for $105,500
cash.
General Journal
Debit Credit
Clear entry
View general journal
Debit
Credit
View general journal
<P
expand button
Transcribed Image Text:"aw 11 Journal entry worksheet < A 8 Record the issue of 2,000 shares of $20 par value common stock for $48,000 cash. Note: Enter debits before rect DA < saction Racord any C B D Journal entry worksheet ANTIIN Record entry General Journal D Clear entry SAMANTANETTOY Note: Enter debith bercire cre Transaction General Journal 13 Record the issue of 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $55.500. The stock has no stated value Debit Credit Clear entry View general Journal Debit Credit View goneral Journal C' raw ME Journal entry worksheet < Transaction 2 B Record the issue of 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $55,500. The stock has a $6 per share stated value. BENDRUHTHOA Note: Enter dehis before credits Record entry View transaction et < A C Transaction 4 Journal entry worksheet B Record entry D C Note: Enter debits berore zradits.. A Jun General Journal Claar ondry Record the issue of 500 shares of $100 par value preferred stock for $105,500 cash. General Journal Debit Credit Clear entry View general journal Debit Credit View general journal <P
5
Required Information
[The following information applies to the questions displayed below.]
Following are the Issuances of stock transactions.
1. A corporation Issued 2,000 shares of $20 par value common stock for $48,000 cash.
2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated
to be worth $55,500. The stock has a $6 per share stated value.
3. A corporation Issued 1.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated
to be worth $55,500. The stock has no stated value.
4. A corporation Issued 500 shares of $100 par value preferred stock for $105,500 cash.
expand button
Transcribed Image Text:5 Required Information [The following information applies to the questions displayed below.] Following are the Issuances of stock transactions. 1. A corporation Issued 2,000 shares of $20 par value common stock for $48,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $55,500. The stock has a $6 per share stated value. 3. A corporation Issued 1.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $55,500. The stock has no stated value. 4. A corporation Issued 500 shares of $100 par value preferred stock for $105,500 cash.
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