Treasury stock that had been purchased for $4,005 last month was reissued this month for $5,759. The journal entry to record the reissuance would include a credit to O Paid-In Capital from Sale of Treasury Stock for $1,754 Oh Treasury Stock for $1,754 O Paid-In Capital from Sale of Treasury Stock for $4,005 Od Paid-In Capital in Excess of Par Common Stock for $4,005
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- Treasury stock that had been purchased for $3,908 last month was reissued this month for $5,262. The journal entry to record the reissuance would include a credit to a.Paid-In Capital from Sale of Treasury Stock for $3,908 b.Paid-In Capital in Excess of Par - Common Stock for $3,908 c.Treasury Stock for $1,354 d.Paid-In Capital from Sale of Treasury Stock for $1,354Treasury stock that had been purchased for $4,760 last month was reissued this month for $5,640. The journal entry to record the reissuance would include a credit to a.Treasury Stock for $880 b.Paid-In Capital from Sale of Treasury Stock for $4,760 c.Paid-In Capital from Sale of Treasury Stock for $880 d.Paid-In Capital in Excess of Par—Common Stock for $880Treasury stock that had been purchased for $5,600 last month was reissued this month for $8,500. The journal entry to record the reissuance would include a credit to: a.Paid-In Capital from Sale of Treasury Stock for $2,900 b.Paid-In Capital in Excess of Par-Common Stock for $2,900 c.Paid-In Capital from Sale of Treasury Stock for $8,500 d.Treasury Stock for $8,500
- Treasury stock that had been purchased for $4,506 last month was reissued this month for $5,127. What would the journal entry to record the reissuance include? Select the correct answer. Credit to Excess of Par/Common for $621 Credit to Treasury Stock for $621 Debit to Treasury Stock for $4,506 Credit to Treasury Stock for $4,506Treasury stock that had been purchased for $4,550 last month was reissued this month for $5,042. What would the journal entry to record the reissuance include? Select the correct answer. a-Debit to Treasury Stock for $4,550 b-Credit to Excess of Par/Common for $492 c-Credit to Treasury Stock for $4,550 d-Credit to Treasury Stock for $492Cleveland Company has a stock portfolio valued at $4,000. Its cost was $3,300. If the Securities Fair Value Adjustment (Available-for-Sale) account has a debit balance of $200, prepare the journal entry at year-end.
- Which of the following would be included in the entry to record the issuance of 7,000 shares of $4 par value common stock at $27 per share? Cash would be debited for $28,000. Common stock would be debited for $28,000. Common stock would be credited for $189,000. Paid in capital in excess of par-common would be credited for $161,000.The Shoe Exchange issues 5,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price is $12 per share.What is the entry to record the issuance of the stock? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Record the issuance of the stock. Transaction General Journal Debit Credit 1Western Wear Clothing issues 1,300 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming the issue price is $13 per share, record the issuance of common stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 > Record the issuance of common stock. Note: Enter debits before credits. Transaction General Journal Debit Credit 1
- Need assistance in preparing the entry for the issuance os stocks under the following assumptions Exercise 13-04 a-e Concord Corporation issued 4,250 shares of stock.Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,650.) (a) The stock had a par value of $7 per share and was issued for a total of $51,000. (b) The stock had a stated value of $7 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 $7 per share and was issued to attorneys for services during incorporation valued at $51,000. (e) The stock had a par value of $7 per share and was issued for land worth $51,000.Western Wear Clothing issues 1,000 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming the issue price is $13 per share, record the issuance of common stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the issuance of common stock. Note: Enter debits before credits. Debit Credit Transaction 1 View general journal Record entry General Journal Clear entry31. Closed the credit balance of the income summary account, $269,400. 2. Journalize the entries to record the transactions, and post to the eight selected Treasury Stock; Stock Dividends Distributable; Stock Dividends; Cash Dividends. listed. Also prepare T accounts for the following: Paid-In Capital from Sale cf July 1. Declared a 4% stock dividend on common stock, to be capitalized at the 1. Enter the January 1 balances in T accounts for the stockholders' equity accounts FROBLEM 12-4B Btries for selected oporate transactions Objectives 4, 5, 7, 8 Shoshone Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Shoshone Enterprises Inc., with balances on January 1, 2006, are as follows: Common Stock, $20 stated value (100,000 shares authorized, 75,000 shares issued) Paid-In Capital in Excess of Stated Value Retained Earnings.. Treasury Stock (5,000 shares, at cost) $1,500,000 180,000 725,000 140,000 ADNET ASS The following selected transactions occurred…