Marigold Corporation is authorized to issue 46,000 shares of $5 par value common stock. During 2025, Marigold took part in the following selected transactions.

Baez Corp. began operations on Jan. 1, 2023.  Baez Corp. is authorized to issue 150,000 shares of it's 6%, $40 par value preferred stock.  The company is authorized to issue 650,000 shares of the common stock with a par value of $2 per share.  On January 5, 2023, the company issued 225,000 shares of common stock for cash at $13 per share.  What is the journal entry to record the issuance of the common stock shares?

Alpesh

On January 5, 2020, Bramble Corporation received a charter granting the right to issue 4,600 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 49,800 shares of $10 par value common stock. It then completed these transactions. Jan. 11   Issued 19,300 shares of common stock at $16 per share. Feb. 1   Issued to Sanchez Corp. 3,600 shares of preferred stock for the following assets: equipment with a fair value of $50,600; a factory building with a fair value of $153,000; and land with an appraised value of $290,000. July 29   Purchased 2,000 shares of common stock at $19 per share. (Use cost method.) Aug. 10   Sold the 2,000 treasury shares at $15 per share. Dec. 31   Declared a $0.45 per share cash dividend on the common stock and declared the preferred dividend. Dec. 31   Closed the Income Summary account. There was a $162,500 net income.       Record the journal entries for the transactions listed above. (Credit account…

Kress Products' corporate charter authorized the firm to sell 800,000 shares of $10 par common stock. At the beginning of 2019, Kress sold 262,900 shares and reacquired 1,650 of those shares. The reacquired shares were held as treasury stock. During 2019, Kress sold an additional 16,300 shares and purchased 3,100 more treasury shares. Required: Determine the number of issued and outstanding shares at December 31, 2019. Issued shares shares Outstanding shares shares

Edward Corporation is authorized to issue 100,000 shares of $1 par value common stock. During 2021, Edward Corporation took part in the following selected transactions. Prepare journal entry(entries) for following independent event.   1. Purchased 10,000 shares of treasury stock at $50 per share. The treasury shares purchased were issued in 2019 at $31 per share. Assuming Edward uses the retirement method to prepare entry and before this transaction the company had $120,000 credit balance of Paid-in capital – shares repurchase and $1,500,000 retained earnings.   2. The board votes a 3-for-1 stock split. At the date, the market value is $52.    3. The board votes a 120% stock dividend. At the date, the market value is $55, assuming the company treats the distribution as "large" stock dividends effected in the form of a stock dividend and before this transaction the company has 330,000 shares of common stock.

On April 1, 2019, Kelly Corporation began operations and authorized 100,000 shares of $5 par value common stock. The company engaged in the following transactions:April 1 Issued 20,000 shares of common stock for $200,000.April 15 Issued 10,000 shares of common stock for $125,000.May 12 Purchased 2,500 shares of common stock for $75,000.June 30 The board of directors declared a $0.20 per share cash dividend to be paid on July 15 to shareholders of record on July 51. Prepare journal entries for the above transactions.2. Prepared the stockholders’ equity section of Kelly Corporation’s balance sheet as of June 30, 2019. Net income for the period April 1 through June 30 was $150,000.3. What effect, if any, will the cash dividend declaration on June 30 have on Kelly Corporation’s net income, retained earnings, and cash flows?

On January 5, 2020, Buffalo Corporation received a charter granting the right to issue 5,500 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 46,300 shares of $10 par value common stock. It then completed these transactions. Dec. 31   Declared a $0.25 per share cash dividend on the common stock and declared the preferred dividend. Record the journal entry for the transaction listed above.