Ravonette Corporation issued 300 shares of $10 par value common stock and 100 shares of $50 par value preferred stock for a lump sum of $13.500 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 joumal entry to record the issuance of the common stock. O Cash Common Stock $3.000 $3.000 O Cash Common Stock $6 000 $6 000 O Cash Common Stock Additional Paid-in Capital C/S $5 400 $3.000 $2 400 O None of the above

Q: Oriole Company has issued 2,500 shares of common stock and 500 shares of preferred stock for a lump…

A: Common stock and Preference stock are two types of stock or shares that is being issued by the…

Q: If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, O Common Stock will be…

A: Lets understand the basics. Journal entry is required to make to record event and transaction that…

Q: A corporation originally issued $6 par value common stock for $11 per share. It purchased the stock…

A: Treasury stock refers to a method used by the organization to repurchase the issued stock. It is…

Q: 6. Al Dawood LLC issued 5,000 shares of its OMR 5 par value common stock at OMR 8 per share. Later,…

A: Journal entries are the entries to be recorded in the accounting books of the business for all the…

Q: If the cost method is used to record treasury stock transactions, to record the sale of the 5,000…

A: Given information is: Long Co. issued 100,000 shares of  P10 par ordinary shares  for P1,200,000.…

Q: Buttercup Corporation issued 300 shares of $10 par value common stock for $4,500. Prepare…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Alt Corp. issues 5,000 shares of $10 par value common stock at $14 per share. When the transaction…

A: We have the following information: Alt Corporation issued Common Stock Common Stock Shares: 5,000 ;…

Q: Calculate the total Dividends AND the Dividends per share that the Preferred and Common Shareholders…

A: Preference Shares are shares that are given preference over and above equity shares. While…

Q: 20) On October 1, Gregory Corporation purchased 4,000 shares of Treasury Stock for $22 per share. On…

A: Treasury stocks are issued when a company repurchases /buyback it's own shares.  When a company…

Q: Sheffield Corp.'s balance sheet reported the following: Capital stock outstanding, 4,000 shares,…

A: Treasury stock is the amount or value of stock that is being reacquired or repurchased from the…

Q: XYZ company's outstanding stock consists 10,000 shares of common stock with a $10 par value and…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: Nash Group, Inc. issued 1,000 shares of $10 par common stock in Year 1 for $20 per share. Nash paid…

A: Treasury shares means the share which has been buy back by the company . It will be shown as…

Q: Swifty Corporation's balance sheet reported the following: Capital stock outstanding, 4,500 shares,…

A: Journal entry refers to the recording of daily transactions of an organization. It has a credit and…

Q: Abdulla Co. issues 4,000 shares of $90 par value preferred stock for cash at $100 per share. Choose…

A: Given information: No of shares issued 4000 shares Par value $90 Issue price $100

Q: Leprechan Inc. had the following stock and convertible securities outstanding on January 1: ●…

A:

Q: Coronado Industries has issued 1,500 shares of common stock and 300 shares of preferred stock for a…

A: The issue price of the stock could be issued at par, premium or discount. If the proceed from…

Q: Nylah Corporation's balance sheet reported the following: Capital stock outstanding, 5,000 shares,…

A: Treasury stock: These are the own shares purchased by the issuing company from the open market.…

Q: Dave Matthew Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value…

A: Requirement a:   Pass necessary journal entry to record the issuance of common stock and preferred…

Q: Weaver Corporation had the following stock issued and outstanding at January 1, Year 1:  66,000…

A: Definition:   Dividends: This is the amount of cash distributed to stockholders by a company out its…

Q: . The following accounts are shown on the statement of financial position of Phoenix Corporation…

A: Note: As posted multiple independent questions we are answering only first question kindly repost…

Q: 2 On January 1, Graves Corporation had 60,000 shares of no-par common stock issued and outstanding.…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: Weaver Corporation had the following stock issued and outstanding at January 1, Year 1. 1. 98,000…

A: Tje dividend is paid to shareholders from the retained earnings of the business.

Q: Leprechan Inc. had the following stock and convertible securities outstanding on January 1: •…

A: Earnings per share (EPS) is calculated by dividing a company's profit by the number of shares of…

Q: Refer to the following transactions. a. Issued 400 shares of $100 par value preferred stock at par.…

A: Financial statements includes: Balance sheet Income statement Cash flow statement Statement of…

Q: Our Business Issued 10,000 shares of $1 Par value common stock for a total of $50,000, The Journal…

A: Common stock is issued for raising capital for the company. Other than common stock, the company…

Q: Ivanhoe Company had these transactions during the current period. June 12   Issued 86,500 shares…

A: Par Value: Par value is a value of single share. This value is shown on the stock certificate at the…

Q: Torres Inc. issues 40,000 shares of its $0.05 par value common stock for $70 per share. The journal…

A: To record issue of shares at a value more than par value, common stock will be credited by par value…

Q: The Sneed Corporation issues 11,100 shares of $54 par preferred stock for cash at $62 per share. The…

A: The company can raise funds from different sources like by issuing common stock, issuing preferred…

Q: Required: Calculate basic earnings per share: ___________ Calculate fully diluted earnings per…

A: The weighted average common share outstanding should be used to determine the basic earnings per…

Q: What is the Journal Entry for both transactions: ABC received $300,000 in cash for issuing 10,000…

A: Please find the answers to the above questions below:

Q: :(a) Purchased 400 shares of capital stock to be held as treasury stock, paying $60 per share.(b)…

A:

Q: Bashir Inc. issues 2,500 shares of $1 par value common stock and 1,000 shares of $50 par value…

A: Total market value of common stock = No. of common stock x market price per share = 2500 shares x…

Q: Hi-C Company has $1,000,000 shares of 10%, $20 Par Value Preferred Stock outstanding. On December…

A: The Company has $1,000,000 shares of 10%, $ 20 Par Value Preferred Stock outstanding. On December…

Q: 1. Strand corp issued 10,000 shares of $1par Common Stock for $10/share 2. Strand corp issued 5,000…

A:

Q: The charter of Zion Associates provides for the issuance of 100,000 shares of common stock. Assume…

A: The charter shows the authorized number of shares which in this case is 100000 shares. Subsequently…

Q: A company issued 60 shares of $100 par value common stock for $7,900 cash. The journal entry to…

A: Journal entry is the recording of financial transactions by using the dual entity concept in which…

Q: Fortuna Company is authorized to issue 1,000,000 shares of $1 par value common stock. In its first…

A: The organization can raise fund for the operation song integrity by issuing common stock, preferred…

Q: Nowell Inc. had the following stock issued and outstanding at January 1, Year 2. 1. 150,000 shares…

A: The dividend paid to the preference holders is the product of the par value of preference capital,…

Q: The Sneed Corporation issues 12,700 shares of $46 par preferred stock for cash at $63 per share. The…

A: The organization can raise funds for the operation by issuing common stock, preferred stock for…

Q: Q. question 1

A: Paid-in capital in excess of par value: This is the total of stock capital contributed by investors…

Q: MacKenzie Mining Corporation is authorized to issue 50,000 shares of $500 par value 7% preferred…

A: Equipment will be value at = No. of common shares issued x Market price per share = 5,000 shares x…

Q: Company J issued 50,000 shares of $10 Par Common Stock for $12 per share and 25,000 shares of 8%…

A: Dividend is considered as a part of the distributable profit distributed by the company to its…

Q: Nebraska Inc. issues 3,000 shares of common stock for $45,000. The stock has a stated value of $10…

A: When shares has no face value but are having a stated value then common stock account should be…

Q: Mt. Everest Company has $1,000,000 shares of 10%, $20 Par Value Preferred Stock outstanding. On…

A: 10% $20 Par Value Preferred Stock = $10,00,000 i.e.. 50,000 shares of $20 par each   Stock dividend…

Q: Badger corporation issued 9,000 shares of its $5 per value common stock in payment for attorney…

A: Total par value of Common Stock = No. of Common Stock issued x par value per share = 9000 x $5 =…

Q: Taylor Corporation issues 20,000 shares of $50 par value preferred stock for cash at $90 per share.…

A: Issue price of preferred stock=Number of Shares×Issue price=20,000×$90=$1,800,000

Q: The Sneed Corporation issues 10,000 shares of $50 par preferred stock for cash at $75 per share. The…

A: Cash received = 10,000 x $75 = $750,000 Preferred stock = 10,000 x $50 = $500,000 Excess = 10,000 x…

Q: Luke Enterprises has 300,000 shares of $20 par common stock outstanding. On January 19, Luke…

A: Working note 1: Determine the amount of stock dividend to be paid.   Particulars   Number…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.