On Feburary 1, 2017 Buffalo Corporation issued 3,000 shares of its $5 par value common stock for land worth $31,000 Prepare the February 1, 2017 Journal Entry O Cash $15,000 Common Stock $15,000 O Cash $31,000 Common Stock S31,000 O Land $31,000 Common Stock $31.000 Land $31,000 Common Stock $15.000 Additional Paid-in-Capital C/S $15.000
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Given,
Shares issued = 3,000 shares
Par value = $5
Land value = $31,000
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- E15-16 Contributed Capital Adams Company's records provide the following information on December 31, 2019: in, assuming it uses the cost method. 10 15.8 Account Title Additional Paid-in Capital on Preferred Stock Amount Common Stock Premium on Bonds Payable Preferred Stock Bonds Payable Preferred Stock Subscribed Retained Earnings Additional Paid-in Capital on Common Stock $ 17,000 75,000 4,000 80,000 100,000 20,000 121,000 84,000 SHOW ME HOW Additional information: 1. Common stock has a $5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding. 2. Preferred stock has a $100 par value, 3,000 shares are authorized, 800 shares have been issued and are out- standing. Two hundred shares have been subscribed at $120 per share. The stock pays an 8% dividend, is cumulative, and is callable at $130 per share. 3. Bonds payable mature on January 1, 2023. They carry a 12% annual interest rate, payable semiannually. Required: Prepare the Contributed Capital…In 2018, Lakers Corporation acquired 3,000 shares of its P 20 par value ordinary share capital at P 72 per share. During 2018, Lakers issued 1,500 of these shares at P 100 per share. What accounts and amounts should Lakers credit in 2018 to record the issuance of the 1,500 shares? Treasury Shares Add’l Paid in Capital Retained Earnings Ordinary Share __________ __________ _________ _________Mendes Charters reported the following information at December 31, 2017: Preferred stock, $100 par, 500 shares authorized, and outstanding; cumulative; nonparticipating; callable at par value $ 50,000 Common stock, $12 par, 50,000 shares authorized and outstanding 600,000 Additional paid-in capital—common 25,000 Retained earnings 825,000 Mendes’ total contributed capital is a. $625,000. b. $1,500,000. c. $650,000. d. $675,000.
- Contributed Capital Adams Company's records provide the following information on December 31, 2019: Account Title Amount Additional Paid-in Capital on Preferred Stock $ 17,000 Common Stock 75,000 Premium on Bonds Payable 4,000 Preferred Stock 80,000 Bonds Payable 100,000 Preferred Stock Subscribed 20,000 Retained Earnings 121,000 Additional Paid-in Capital on Common Stock 84,000 Additional information: Common stock has a $5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding. Preferred stock has a $100 par value, 3,000 shares are authorized, 800 shares have been issued and are outstanding. Two hundred shares have been subscribed at $120 per share. The stock pays an 8% dividend, is cumulative, and is callable at $130 per share. Bonds payable mature on January 1, 2023. They carry a 12% annual interest rate, payable semiannually. Required: Prepare the Contributed Capital section of the December 31, 2019, balance sheet for…an entity reported the following information on January 1, 2016:ordinary share capital, P10 par, 800 000 shares 8 000 000preference share capital, P50 par, 50 000 shares 2 500 00012% bonds payable 5 000 000the preference share capital is 10% cumulative and convertible into 100 000 ordinary shares. dividends on preference shares are in arrears for 2 years. the 12% bonds are convertible into 80 ordinary shares for each P1 000 bond.unexercised share options to purchase 90 000 ordinary shares at P20 per share were outstanding at the beginning and ending of 2016. the average market price of the ordinary share was P30 per share and the market price on December 31, 2016 was P40 per share.May 1 Issued 60,000 ordinary shares at P25 per shareJuly 1 Purchased 100,000 ordinary shares at P15 to be held as treasuryOct 1 Converted bonds with face amount of P2,000,000Dec 31 The net income for…If Carla Vista Supply Company issues 4800 shares of $5 par value common stock for $201600, the account O Paid-in Capital in Excess of Par will be credited for $225600. O Cash will be debited for $201600. O Paid-in Capital in Excess of Par will be credited for $201600. O Common Stock will be credited for $177600.
- The 12/31/2018 balance sheet of Home Depot Inc. included the following: Common stock, 25 million shares at $20 par $ 500 million Paid-in capital—excess of par 3,000 million Retained earnings 980 million In January 2018, Home Depot recorded a transaction with this journal entry: Cash 150 million Common stock 100 million Paid-in capital—excess of par 50 million The transaction was for the: a. Issue of 2 million shares of common stock at par b. Issue of common stock for $150 million in cash c. Receipt of $20 per share for a new stock issue d.All of these answer choices are correctOn January 1, 2019, Rama Company issued 3,000 shares of 8%, OMR100 par value, preferred stock for 250,000. The board of directors declared dividends on December 30, 2019 and the dividends paid on 13/12/2019. As a result of this transaction dividend preferred in capital should be: Select one: a. Debited by 20000 b. None of the options c. Debited by OMR24000 O d. Credited by OMR24000Carla Vista Pine Co. provided the following information on selected transactions during 2021: Repayment of bond principal Proceeds from issuing common stock Purchases of inventory Proceeds from the sale of treasury stock Purchase of 10% interest in stock of Hindi Corp. Dividends paid to common & preferred stockholders Proceeds from issuing preferred stock Proceeds from sale of land $452200 $141100. $160100. $281300. O $(780600). 760700 940600 121200 222500 81400 151700 382600 The net cash provided (used) by investing activities during 2021 is
- entó%20la%20siguiente%20información%20en%20su%20estado%20de%20situaci.. ESPAÑOL INGLÉS FRANCÉS ABC Corporation presented the following information in its 2021 statement of financial position: Common Stock ($30 par value, 5,000 issued and outstanding) $150,000 Capital paid in excess of par value of common $80,000 Retained Earnings $100,000 Prepare journal entries for each of the following transactions that occurred during the year: 24. 120 shares were purchased to be held as treasury stock at a cost of $60 per share. Enviar comentarios Guardado ContribuirG.Swifty Corporation was organized on January 1, 2020, with authorized capital of 1060000 shares of $10 par value common stock. During 2020, Swifty issued 55000 shares at $11 per share, purchased 5500 shares of treasury stock at $12 per share, and sold 5500 shares of treasury stock at $14 per share. What is the amount of additional paid-in capital at December 31, 2020? O $55000 O $0 O $66000 O $110002 B Company had the following transactions: 2018 Aug-01 Purchased 1,000 shares of Star Company for P60,000. Oct-01 Purchased 8,000 shares of Star Company for P560,000. 2019 Jul-01 Purchased 6,000 shares of Star Company for P480,000. Aug-01 Sold 5,000 shares of Star Company for P500,000. Use FIFO. 2020 Feb-01 Received 50% stock dividend. Nov-01 Received stock rights to purchase one new share at P60 for every 5 rights tendered. On this date, the right is quoted at P10. Dec-01 Sold all stock rights at P15 per right. REQUIRED: Prepare a summary of the noncurrent investments in Star Company shares by block of acquisition stating the number of shares and total cost for each block.