Stock Issuance (Par, No-Par, and Stated Value) The following independent stock transactions occurred during January 20-- for various corporations: (a) Issued 6,000 shares of $10 par common stock for $60,000 cash. (b) Issued 4,000 shares of $10 par common stock for $52,000 cash. (c) Issued 5,000 shares of no-par common stock for $55,000 cash. (d) Issued 4,000 shares of no-par common stock for $42,000 cash. (e) Issued 6,000 shares of no-par common stock with a stated value of $8 per share for $48,000 cash. (f) Issued 3,000 shares of no-par common stock with a stated value of $8 per share for $25,000 cash. Prepare general journal entries for these transactions, identifying each by letter. Page: 1   DATE ACCOUNT TITLE DOC.NO. POST.REF. DEBIT CREDIT   1 a. Cash          1 2   Common Stock          2 3             3 4 b. Cash          4 5   Common Stock          5 6   Paid-In Capital in Excess of Par-Common Stock          6 7             7 8 c. Cash          8 9   Common Stock          9 10             10 11 d. Cash          11 12   Common Stock          12 13             13 14 e. Cash          14 15   Common Stock          15 16             16 17 f. Cash          17 18   Common Stock          18 19   Paid-In Capital in Excess of Par-Common Stock          19

Prepare the appropriate general journal entries for the following treasury stock transactions of Aberdeen Inc. Oct. 15 Purchased 7,000 shares of its $15 par common stock for $70,000 and placed the stock in the treasury. Dec.  1 Sold 2,000 shares of the treasury stock for $18,000 cash. Dec. 31 Sold the remaining treasury stock for $56,000 cash.

Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, Year 1, were as follows: 1.  Journalize the selected transactions. a.  Issued 15,000 shares of $20 par common stock at $30, receiving cash. b.  Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash c.  Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. d.  Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held and 20,000 shares of preferred stock were outstanding. e.  Paid the cash dividends declared in (d). f.  Purchased 7,500 shares of Solstice Corp. at $40 per share plus a $150 brokerage commission. The investment is classified as an available-for-sale investment. g.  Purchased 8,000 shares of treasury common stock at $33 per share h.  Purchased 40,000 shares of Pinkberry Co. stock…

Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y8, were as follows: Record on journal page 10: Jan. 3 Issued 15,000 shares of $20 par common stock at $30, receiving cash. Feb. 15 Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. May 1 Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually.   16 Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding.   26 Paid the cash dividends declared on May 16. Jun. 8 Purchased 8,000 shares of treasury common stock at $33 per share.   30 Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. Jul. 11 Paid the cash dividends to the preferred…