-On June 1, 20x1, Eureka Co. issued 30,000 stock rights to its shareholders. Each stock right entitles the holder to purchase one ordinary share of Eureka Co. for P50. The share is P10 and the fair value per share is P80. Half of the stock rights were exercised on June 20, 20x1 and the remaining half expired on June 30, 20x1. par value per Requirement: Provide the journal entries.

At the start of 20X5, Happy Corp. had 20,000 shares of $5 par common stock issued and outstanding. All 20,000 shares had been issued in the prior year for $20 per share. On February 1, 20X5, Happy repurchased 6,000 shares of its own stock for $12 per share. It plans to reissue these shares at a future time. Question: What journal entry should Happy make to record the February 1, 20X5 transaction? Answer: It should debit for $ and credit + for $

On January 23, 15,000 shares of Tolle Company are acquired at a price of $25 per share plus a $145 brokerage commission. On April 12, a $0.30-per-share dividend was received on the Tolle Company stock. On June 10, 6,200 shares of the Tolle Company stock were sold for $34 per share less a $130 brokerage commission. Prepare the journal entries for the original purchase, the dividend, and the sale under the cost method. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar.

On May 27, Kick Off Inc. reacquired 3,000 shares of its common stock at $54 per share. On August 3, Kick Off sold 1,700 of the reacquired shares at $57 per share. November 14, Kick Off sold the remaining shares at $53 per share. Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank. May 27               Aug. 3                       Nov. 14

Maxville Company issues 250 shares of $50 par preferred stock and 1,000 shares of $10 par common stock in a "package" sale on December 31. Total proceeds received amount to $39,700. Required: 1. 2. Record the transaction for each independent assumption shown: The common stock has a current market value of $19 per share; the current market value of preferred stock is not known. The common stock and the preferred stock have a current market value per share of $22 and $62, respectively.

Maxville Company issues 250 shares of $50 par preferred stock and 1,000 shares of $10 par common stock in a “package” sale on December 31. Total proceeds received amount to $39,700. Required:   Record the transaction for each independent assumption shown:   1. The common stock has a current market value of $19 per share; the current market value of preferred stock is not known. 2. The common stock and the preferred stock have a current market value per share of $22 and $62, respectively.

WW Corp. resells 400 shares of its own common stock for $20 per share. WW had acquired these shares two months before for $14 per share.  The resale of this stock would be recorded with a:   Select one: a. Debit to Common Stock for $8,000 b. Credit to Additional Paid-In Capital for $800 c. Credit to Treasury Stock for $8,000 d. Credit to Additional Paid-In Capital for $2,400 e. Credit to Additional Paid-In Capital for $2,000

Aylmer Inc paid $230 for a call to purchase 800 shares of Belmont Inc on April 1, Y3. The strike price was $28.50 per share and could be exercised anytime in the next 6 months. On April 1, Y3, the market price for one share of Belmont Inc. was $29.30. Belmont's stock price rose. On June 30, Y3, the price for Belmont stock was $36.10 per share. The fair value of the option on June 30, Y3 was $8,340. REQUIRED Prepare the appropriate entries under two different scenarios: 1) Aylmer exercised the option 2) Aylmer did not exercise the option (just the June 30th entry)

Vaughn Corporation sold 390 shares of treasury stock for $55 per share. The cost for the shares was $45. The entry to record the sale will include a O credit to Treasury Stock for $21450. O credit to Paid-in Capital from Treasury Stock for $3900. O debit to Paid-in Capital in Excess of Par for $3900. O credit to Gain on Sale of Treasury Stock for $17550.

Nebraska Inc. issues 5,000 shares of common stock for $160,000. The stock has a stated value of $12 per share. The entry to journalize the stock issuance would include a credit to Common Stock for Oa. $5,000 Ob. $60,000 Oc. $160,000 Od. $100,000 Other