Homepage - Minnesota State Un x * My Home CengageNOWv2 | Online teachin x /ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false eBook Calculator Brief Exercise 10-49 Stock Dividend Augusta Corporation reported the following information: 35,000 shares of $3 par value common stock authorized, 30,000 shares common stock issued, 10,000 shares treasury stock. Required: 1. What is the appropriate journal entry to record a 5% stock dividend if the market price of the common stock is $40 per share when the dividend is declared? Retained Earnings / х Common Stock / х Additional Paid-In Capital-Common Stock v Feedback Check My Work 2. What is the appropriate journal entry to record a 30% stock dividend if the market price of the common stock is $40 per share when the dividend is declared? Retained Earnings / Common Stock 4:09 PM е н 4/9/2020 DELL Home End Delete PrtScr Insert F10 F11 F12 F8 F9 F4 F5 F6 F3 & Backspace { E т H. Σ 00 00 く0 00 D.

Homepage - Minnesota State Un x * My Home CengageNOWv2 | Online teachin x /ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false eBook Calculator Brief Exercise 10-49 Stock Dividend Augusta Corporation reported the following information: 35,000 shares of $3 par value common stock authorized, 30,000 shares common stock issued, 10,000 shares treasury stock. Required: 1. What is the appropriate journal entry to record a 5% stock dividend if the market price of the common stock is $40 per share when the dividend is declared? Retained Earnings / х Common Stock / х Additional Paid-In Capital-Common Stock v Feedback Check My Work 2. What is the appropriate journal entry to record a 30% stock dividend if the market price of the common stock is $40 per share when the dividend is declared? Retained Earnings / Common Stock 4:09 PM е н 4/9/2020 DELL Home End Delete PrtScr Insert F10 F11 F12 F8 F9 F4 F5 F6 F3 & Backspace { E т H. Σ 00 00 く0 00 D.

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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geNOWv2 |Online teachin X eAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Calculator E Print Item Fortuna Company is authorized to issue 1,000,000 shares of $1 par value common stock. In its first year, the company has the following transactions: Jan. 31 Issued 38,000 shares at $9 share. Jun. 10 Issued 120,000 shares in exchange for land with a clearly determined value of $820,000. Aug. 3 Purchased 11,000 shares of treasury stock at $8 per share. A. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Jan. 31 Cash Common Stock Additional Paid-in Capital from Common StockV பபா. 10 Land y Common Stock Additional Paid-in Capital from Common Stock Aug. 3 Treasury Stock / Cash Faedback TCheck My Work A. Remember that amounts issued above the par value of the stock would represent extra amounts of capital received by the corporation. Assets purcha use the more clearly determinable amount…
ageNOWv2 | Online teach x B Vincent Corporation has 92,00 x akeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=&inprogress%3false Update : Wonder Sales is authorized to issue 100,000 shares of 2%, $100 par preferred stock and 1,000,000 shares of $10 par common stock. Journalize the following transactions. a. On January 2, Wonder Sales issues 5,000 shares of preferred stock for $110 per share and 65,000 shares of common stock at $10 per share. If an amount box does not require an entry, leave it blank. Jan. 2 b. On January 25, Wonder Sales issued 250 shares of preferred stock to a Morton Law Firm for settlement of a $36,000 invoice for incorporation services. If an amount box does not require an entry, leave it blank. Jan. 25 C. On January 31, Wonder Sales issues 500 shares of common stock to Setup Inc. for fixtures that have a fair market value of $8,500. If an amount box does not require an entry, leave it blank. Jan. 31
NOWV2 |Online teachir X A Login Irn/takeAssignment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator=&inprogre.. pok Show Me How 41,000 asury Stock Balance Sheet Stockholders' Equity raid-in capital: Common Stock, $30 Par (80,000 Shares Authorized, 48,000 Shares Issued) 1,440,000 480,000 Excess of Issue Price Over Par 1,920,000 Paid-in capital, common stock 72,000 From Sale of Treasury Stock 1,992,000 Total paid-fn capital Retained Earnings 677,000 Total 41,000 Treasury Stock Total stockholders' equity Feedback Check My Work Recall that paid-in capital reflects the total amount that has been paid into the business by the stockholders for ownership in the corporation. Previous Check My Work 52°F Sunny
ENOWV2 | Online teachir x 昭 Login 一 Viln/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&in... Balance Sheet Stockholders' Equity Paid-in capital: Common Stock, $30 Par (80,000 Shares Authorized, 48,000 Shares Issued) 1,440,000 480,000 Excess of Issue Price Over Par - v 1,920,000 Paid-in capital, common stock 72,000 From Sale of Treasury Stock $ 1,992,000 Total paid-in capital 677,000 Retained Earnings Total 2,669,000 V Treasury Stock 41,000 V Total stockholders' equity 2,710,000 X Feedback TCheck My Work Recall that paid-in capital reflects the total amount that has been paid into the business by the stockholders for ownership in the corporation. Check MyWork Previous All work saved. Email Instructor Save and Exit Submit Assignment for Grac 9:1 52°F Sunny 12/E 144
engageNOWv2|Online teachir X ☆ 区 Paused /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%3&inprogress%=false E Calculator E Print Item EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of S50 par value 6% preferred stock. It is also authorized to issue 1,750,000 shares of $1 par value common stock. In its fifth year, the corporation has the following transactions: Mar. 1 Purchased 2,500 shares of its own common stock at $18 per share. Apr. 10 Reissued 1,250 shares of its common stock held in the treasury for $22 per share. Jun. 12 Reissued 1,250 shares of common stock at $16 per share. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Mar. 1 Treasury Stock 45,000 V Cash Apr. 10 Cash v 27,500 V Treasury Stock / Additional Paid-in Capital from Treasury Stock Jun. 12 Cash / 20,000 Additional Paid-in Capital from Treasury Stock Treasury Stock / Y…
ilm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3D&inprogress%3Dfalse 一 eBook Show Me How Entries for Issuing Stock On January 22, Muir Corporation issued for cash 30,000 shares of no-par common stock at $45. On February 14, Muir issued at par value 3,000 shares of preferred 8% stock, $60 par for cash. On August 30, Muir issued for cash 31,000 shares of preferred 8% stock, $60 par at $64. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank. Jan. 22 Accounts Receivable Cash Common Stock Paid-In Capital in Excess of Par-Preferred Stock Preferred Stock Retained Earnings Check My Work Next 8:55 AM 11/17/2020
ment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse Зook Calculator Selected stock transactions Chart of Accounts Journal Instructions Alpha Sounds Corp., an electric guitar retailer, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter authorized 1,100,000 shares of common stock with a par of $1. The following transactions affecting stockholders' equity were completed during the first year of operations: Jan. Issued 102,000 shares of stock at par to Paul Glenn for cash. Issued 3,600 shares of stock at par to Michele Kirby for promotional services provided in connection with the organization of the corporation and issued 42,500 shares of stock at par to Michele Kirby for cash. (record as two separate transactions.) 8 Purchased land and a building from Gretchen Northway in exchange for stock issued at par. The building is mortgaged for $177,100 for 20 years at 6%, and there is accrued interest of $4,700 on the mortgage note at…
* CengageNOWv2 | Online teachir X D2L Ch 16 Quiz - ACC 242 01 - Intern X com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Print Item Marco, Inc. determined the following information concerning its common stock during 2020: January 1 15,600 shares outstanding March 1 Issued a 3-for-1 stock split July 1 Issued 1,500 additional shares October 1 Reacquired 2,000 shares Required: What should Marco, Inc. use as the denominator for its basic earnings per share calculation for 2020? Round intermediate and final answer to the whole number. Weighted average number of common shares outstanding 47,050 X
☆国マ*Pau engageNOWv2 | Online teachin X /takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator%3D&inprogress%-false Calculator Print Item Copper Corporation was organized in May. It is authorized to issue 50,000,000 shares of $200 par value 8% preferred stock. It is also authorized to issue 75,000,000 shares of $5 par value common stock. In its first year, the corporation has the following transactions: May 1 Issued 2,500 shares of preferred stock for cash at $350 per share. May 23 Issued 5,000 shares of common stock at $15.50 per share. Jun. 10 Issued 15,000 shares of common stock for equipment without a readily determinable value. The stock is currently trading at $15 per share. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Cash v May 1 875,000 Preferred Stock v Additional Paid-in Capital from Preferred Stock May 23 Cash 77,500 Common Stock 25,000 Additional Paid-in Capital from Common Stock…
: CengageNOWv2|Online teachin x + n/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false h eBook A Calculator Show Me How Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 1% stock, $120 par, and 50,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $12,0003; second year, $34,000; third year, $51,200; fourth year, $90,500. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, leave it blank. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share) Check My Work Next> 414 PM 10/16/2020 2000 ALTEL ho insert pri sc delete & 7 3 8 + backspace E R Y U F J K ente O
engageNOWv2 | Online teachir x E Login .com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. A eBook Show Me How Dividends Per Share Sandpiper Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: 20Υ1 $112,500 20Υ2 37,500 20Υ3 225,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock Common Stock (dividends per share) (dividends per share) 20Υ1 20Υ2 20Υ3 Previous Next Check My Work 8:35 A 12/3/2
CengageNOWv2 | Online tea X or Assignment/takeAssignmentMain.do?invoker=&takeAssignm... Update : rdi nsu Multiple-Choice Exercise 10-4 (Algorithmic) McKean Corporation authorized 600,000 shares of common stock in its articles of incorporation. On May 1, 2019, 240,000 shares were sold to the company's founders. However, on October 15, 2019, McKean repurchased 19,000 shares to settle a dispute among the founders. At this date, how many shares were outstanding? the Oa. 221,000 bu v Ob. 259,000 ed Oc. 240,000 mit Od. 341,000 let an to tion Vveu J. UTivi