RST Company issues common stock for 80,000 cash.60,000 of the cash was used to purchase land. As a result of these transactions: a. total assets increased by 20000 b. total assets increased by 80000 c. total assets increased by 140000 d. none Jade Jewelers issued 15,000 shares of $1 par value stock for $20 per share. What is true about the journal entry to record the issuance? a. Credit Common Stock $300,000. b. Credit Cash $300,000. c. Credit Common Stock $15,000. d. Debit Additional Paid-In Capital $285,000.

Finance

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Prepare the journal entry to record Autumn Company's issuance of 71,000 shares of no-par value common stock assuming the shares: a. Sell for $34 cash per share. b. Are exchanged for land valued at $2,414,000. View transaction list Journal entry worksheet 1 Record the issuance of 71,000 shares of no-par value common stock assuming the shares sell for $34 cash per share. 2 Note: Enter debits before credits. Transaction a. General Journal Debit Credit >

Mario's Fencing has the following balance sheet: Assets Cash:  $100,000 Accounts Receivable: $300,000 Fixed Assets:  $600,000 TOTAL assets:  $1,000,000 Liabilites: Accounts Payable: $150,000 Notes Payable:  $50,000 CAPITAL ACCOUNTS Common Stocks (50,000 shares @ $2 par):  $100,000 Captial in excess of par:  $200,000 Retained earnings:  $500,000 TOTAL:  $1,000,000 The company's stock sells for $10 a share: A. Show the effect on the capital account(s) of a two-for-one split, breaking down by common stock, capital excess of par, and retained earnings. B. Show the effect on the capital accounts of a 10 percent stock dividend, breaking down by common stock, capital excess of par, and retained earnings. (Part b is separate from part a.  Part b, assume the stock split has NOT taken place). C.  Based on the balance in retained earnings, which of the two dividend plans is more restrictive on future cash dividends?

Newly formed S&J Iron Corporation has 188,000 shares of $3 par common stock authorized. On March 1, Year 1, S&J Iron issued 10,000 shares of the stock for $9 per share. On May 2, the company issued an additional 16,500 shares for $20 per share. S&J Iron was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. b. Determine the amount S&J Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount S&J Iron would report for paid-in capital in excess of par. d. What is the total amount of capital contributed by the owners? e. What amount of total assets would S&J Iron report on the December 31, Year 1, balance sheet? Complete this question by entering your answers in the tabs below. Reg A…

Newly formed S&J Iron Corporation has 121,000 shares of $6 par common stock authorized. On March 1, Year 1, S&J Iron issued 9,000 shares of the stock for $11 per share. On May 2, the company issued an additional 16,500 shares for $20 per share. S&J Iron was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Use NA to indicate that an element was not affected by the event. Balance Sheet Income Statement Expense Cash Flow Stockholders' Equity Common Stock Revenue Net Income Assets Cash Liabilities PIC in Excess Event March 1 May 2

Ces Newly formed S&J Iron Corporation has 50,000 shares of $10 par common stock authorized. On March 1, Year 1, S&J Iron issued 6,000 shares of the stock for $16 per share. On May 2, the company issued an additional 10,000 shares for $18 per share. S&J Iron was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Use NA to indicate that an element was not affected by the event. Balance Sheet Income Statement Assets Liabilities + Stockholders' Equity Revenue Expense = Net Income Cash Flow Event Common Cash + Stock PIC in Excess March 1 96,000 = 0+ 60,000+ 36,000 0 0 = ° 96,000 FA May 2 180,000 = 0+ 100,000+ 80,000 0- 0 = 0 180,000 FA

Newly formed S&J Iron Corporation has 143,000 shares of $7 par common stock authorized. On March 1, Year 1, S&J Iron issued 12,000 shares of the stock for $10 per share. On May 2, the company issued an additional 23,500 shares for $22 per share. S&J Iron was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. b. Determine the amount S&J Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount S&J Iron would report for paid-in capital in excess of par. d. What is the total amount of capital contributed by the owners? e. What amount of total assets would S&J Iron report on the December 31, Year 1, balance sheet? Complete this question by entering your answers in the tabs below. Req A…

Newly formed S&J Iron Corporation has 161,000 shares of $3 par common stock authorized. On March 1, Year 1, S&J Iron issued 11,500 shares of the stock for $10 per share. On May 2, the company issued an additional 20,000 shares for $21 per share. S&J Iron was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. b. Determine the amount S&J Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount S&J Iron would report for paid-in capital in excess of par. d. What is the total amount of capital contributed by the owners? e. What amount of total assets would S&J Iron report on the December 31, Year 1, balance sheet? Complete this question by entering your answers in the tabs below. Req A…