common stock assuming the shares h per share. ournal Debit Credit View general Journal
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- QS 13-11 (Algo) Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tamas Company’s issuance of 5,900 shares of $100 par value, 7% cumulative preferred stock for $105 cash per share. 2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.)Answer with computation and explanation X Company sold 1,000 ordinary shares at par of P20 per share for P50,000. The journal entry to record the transaction would have a a credit to ordinary shares for P50,000. b credit to share premium for P20,000 C. credit to ordinary shares of P20,000. d. debit to share premium of P30,000QS 11-11 (Algo) Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tamas Company's issuance of 6,000 shares of $100 par value, 8% cumulative preferred stock for $106 cash per share. 2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record Tamas Company's issuance of 6,000 shares of $100 par value, 8% cumulative preferred stock for $106 cash per share. View transaction list Journal entry worksheet
- Prepare the journal entry to record Zende Company's issuance of 79,000 shares of $8 par value common stock assuming the shares sell for: a. $8 cash per share. b. $9 cash per share. View transaction list Journal entry worksheetExercise 11-4 (Algo) Recording stock issuances LO P1 Prepare Journal entries to record each of the following four separate Issuances of stock. Required Information Use the following information for Exercises 4-5 below. (Algo) [The following Information applies to the questions displayed below.] Following are the Issuances of stock transactions. 1. A corporation Issued 6,000 shares of $10 par value common stock for $72,000 cash. 2. A corporation Issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $52,000. The stock has a $2 per share stated value. 3. A corporation Issued 3,000 shares of no-par common stock to Its promoters in exchange for their efforts, estimated to be worth $52,000. The stock has no stated value. 4. A corporation Issued 1,500 shares of $50 par value preferred stock for $127,000 cash. View transaction list A Record the issue of 6,000 shares of $10 par value common stock for $72,000 cash. B Record the issue of…Prepare the journal entry to record Zende Company's issuance of 84,000 shares of $8 par value common stock assuming the shares sell for: a. $8 cash per share. b. $9 cash per share. View transaction list Journal entry worksheet 1 Record the issuance of 84,000 shares of $8 par value common stock assuming the shares sell for $8 cash per share. 2 Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal Saved >
- MC Qu. 11-64 A company issues... A company issues 1 million shares of common stock with a par value of $0.14 for $16.20 a share. The entry to record this transaction includes a debit to Cash for: Multiple Choice $140,000 and a credit to Common Stock for $140,000. $16,200,000 and a credit to Common Stock for $16,200,000. $16,200,000, a credit to Common Stock for $140,000, and a credit to Additional Paid-in Capital for $16,060,000. $140,000, a debit to Capital Receivable for $16,060,000, a credit to Common Stock for $140,000, and a credit to Additional Paid-in Capital for $16,060,000.Prepare the journal entry to record Jevonte Company's issuance of 36,000 shares of its common stock assuming the shares have a: a. $2 par value and sell for $18 cash per share. b. $2 stated value and sell for $18 cash per share. View transaction list Journal entry worksheet 1 2 Record the issuance of 36,000 shares of common stock assuming the shares have a $2 par value and sell for $18 cash per share. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general journalPrepare the journal entry to record Jevonte Company's issuance of 36,000 shares of its common stock assuming the shares have a: a. $2 par value and sell for $18 cash per share. b. $2 stated value and sell for $18 cash per share. View transaction list Journal entry worksheet 1 es Record the issuance of 36,000 shares of common stock assuming the shares have a $2 par value and sell for $18 cash per share. Note: Enter debits before credits. Transaction General Journal Credit Debit 8:39 PM 3/27/202 Fn Lock Insert Prt Sc F7 F8 F9 F10 F11 F12 F6
- Ar. 18 V (b) Retained Earnings Treasury Stock Cash Retained Earnings Treasury Stock Cash Treasury Stock Pald-in Capital from Treasury Stock eTextbook and Media List of Accounts CORONADO COMPANY Stockholders' Equity S 1440 $ 6890 3710 Prepare the stockholders' equity section as of April 30, 2025. Net income for the first 4 months of 2025 was $129,600. (Enter account name only and do not provide descriptive information.) 13860 Attempts: 2 of 4 useFINANCIAL ACCTG STOCKHOLDERS' EQUITY ACCOUNTING QUIZ #3 #1 PART A: Strand Corp has 200,000 shares of $5 par Common Stock authorized and 100,000 shares of $15 par Prefreed Stock authorized Using the Balance Sheet Equation below, account for the folloiwng transactions: ASSETS = LIABILITIES ----------------------------------EQUITY---------------------------------------------- ------------------------------------------------- Cash Common Stock APIC- Comm Stk Preferred Stock APIC-Pref Stk Retained Earnings ---------------------------- revenues (exps)…Exercise 11-13 (Algo) Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common stock-$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock at $33 per share on October 11. b. Sold 1,200 treasury shares on November 1 for $39 cash per share. c. Sold all remaining treasury shares on November 25 for $32 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock at $33 per…