On June 1, Riverbed Inc. issues 3,250 shares of no-par common stock at a cash price of $10 per share.Journalize the issuance of the shares assuming the stock has a stated value of $1 per share

Pronghorn Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 49,500 shares for cash at $53 per share. July 1 Issued 64,500 shares for cash at $58 per share. - Your answer is partially correct. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Feb.1 Cash Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock July 1 Cash Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Debit 2332000 3741000 Credit 2475000 132000 3225000 516000

On January 1, Vermont Corporation had 49,400 shares of $11 par value common stock issued and outstanding. All 49,400 shares had been issued in a prior period at $22 per share. On February 1, Vermont purchased 910 shares of treasury stock for $24 per share and later sold the treasury shares for $19 per share on March 1. The journal entry to record the purchase of the treasury shares on February 1 would include a debit to a loss account for $1,820. credit to a gain account for $1,820. credit to Treasury Stock for $21,840. debit to Treasury Stock for $21,840. MacBook Pro

Larkspur, Inc. issues 7,600 shares of $108 par value preferred stock for cash at $116 per share.   What are the journal entries for the issuance of the preferred stock?

On July 1, Pina Colada Corp. purchases 610 shares of its $5 par value common stock for the treasury at a cash price of $9 per share. On September 1, it sells 230 shares of the treasury stock for cash at $12 per share. Journalize the two treasury stock transactions.

Sheridan Company issued 2,850 shares of common stock.Prepare the entry for the issuance under the following assumptions. (a)   The stock had a par value of $5.25 per share and was issued for a total of $51,000. (b)   The stock had a stated value of $5.25 per share and was issued for a total of $51,000. (c)   The stock had no par or stated value and was issued for a total of $51,000. (d)   The stock had a par value of $5.25 per share and was issued to attorneys for services during incorporation valued at $51,000. (e)   The stock had a par value of $5.25 per share and was issued for land worth $51,000.

11-03: On June 1, Marin Inc. issues 1,200 shares of no-par common stock at a cash price of $5 per share. What is the journal entry for the issuance of the shares?

Caswell Corporation is authorized to issue 10,000 shares of common stock on December 31. It sells 8,000 shares at $16 per share. Required:   Record the sale of the common stock, given the following independent assumptions:   1. The stock has a par value of $10 per share.

On January 1, Vermont Corporation had 46,400 shares of $9 par value common stock issued and outstanding. All 46,400 shares had been issued in a prior period at $22 per share. On February 1, Vermont purchased 1,010 shares of treasury stock for $24 per share and later sold the treasury shares for $22 per share on March 1. The journal entry to record the purchase of the treasury shares on February 1 would include a

Sage Corporation issued 392 shares of $10 par value common stock and 128 shares of $50 par value preferred stock for a lump sum of $17,424. The common stock has a market price of $20 per share, and the preferred stock has a market price of $90 per share.Prepare the journal entry to record the issuance.