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the issuance of stock on July 1 and the declaration of the stock On January 1, 2013, Ralph Corporation had $2,000,000 of $10 par value common stock outstanding that was issued at par and retained earnings of $1,000,000. The company issued 200,000 shares of common stock at $12 per share on July 1. On December 15, the board of directors declared a 15% stock dividend to stockholders of record on December 31, 2013, payable on January 15, 2012. ...

Other / Other 23 Mar 2016

amount to be reported for (1) preferred stock, and (2) paid-in capital in excess In its first year of operations, Arid Corporation had the following transactions pertaining to its $10 par value preferred stock. Feb. 1 Issued 6,000 shares for cash at $43 per share. Nov. 1 Issued 3,000 shares for cash at $45 per share. Instructions (a) Journalize the transactions. (b) Indicate the amount to be reported for (1) preferred stock, and (2) ...

Other / Other 23 Mar 2016

Journalize the transaction Sloman Corporation has 100,000 shares of $40 par value preferred stock authorized. During the year, it had the following transactions related to its preferred stock. (a) Issued 20,000 shares at $55 per share. (b) Issued 10,000 shares for equipment having a $700,000 asking price. The stock had a market value of $75 per share Instructions Journalize the transactions. Business Management Assignment ...

Other / Other 23 Mar 2016

journal entries to record these stock transactions Wave Company originally issued 30,000 shares of $5 par common stock for $240,000 on January 3, 2013. Wave purchased 1,500 shares of treasury stock for $15,000 on November 2, 2013. On December 6, 2013, 600 shares of the treasury stock are sold for $7,200. Instructions Prepare journal entries to record these stock transactions. Business Management Assignment Help, Business Manage ...

Other / Other 23 Mar 2016

Darling's journal entry to record the issuance Darling Corporation issued 200,000 shares of $20 par value, cumulative, 6% preferred stock on January 1, 2011, for $4,500,000. In December 2013, Darling declared its first dividend of $800,000. Instructions (a) Prepare Darling's journal entry to record the issuance of the preferred stock. (b) If the preferred stock is not cumulative, how much of the $800,000 would be paid to common stockhol ...

Other / Other 23 Mar 2016

common stock issued On January 1, 2013, Magnus Corporation had 60,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued 25,000 shares of common stock for $550,000. June 1 Declared a cash dividend of $2.00 per share to stockholders of record on June 15. June 30 Paid the $2.00 cash dividend. Dec. 1 Purchased 5,000 shares of common stock for the treasury for $22 ...

Other / Other 23 Mar 2016

financial statements for the year ending The following information is available for Zip Corporation: Retained Earnings, December 31, 2012 $1,500,000 Net Income for the year ended December 31, 2013 $ 200,000 The company accountant, in preparing financial statements for the year ending December 31, 2013, has discovered the following information: The company's previous bookkeeper, who has been fired, had recorded depreciation expense ...

Other / Other 23 Mar 2016

journal entries on the appropriate dates Jungle Corporation's stockholders' equity section at December 31, 2012 appears below: Stockholders' equity Paid-in capital Common stock, $10 par, 60,000 outstanding $600,000 Paid-in capital in excess of par 150,000 Total paid-in capital $750,000 Retained earnings 150,000 Total stockholders' equity $900,000 On June 30, 2013, the board of directors of Kenner Corporatio ...

Other / Other 23 Mar 2016

Number of shares outstanding. The following information is available for Pencil Corporation: Common Stock ($5 par) $1,600,000 Retained Earnings 1,200,000 A 18% stock dividend is declared and paid when the market value was $16 per share. Instructions Compute each of the following after the stock dividend. (a) Total stockholders' equity. (b) Number of shares outstanding. Business Management Assignment Help, Business Managem ...

Other / Other 23 Mar 2016

Journalize the stock transactions of Dreamy Company On January 1, 2013, Dreamy Company issued 30,000 shares of $2 par value common stock for $150,000. On March 1, 2013, the company purchased 6,000 shares of its common stock for $8 per share for the treasury. On June 1, 2013, 1,500 of the treasury shares are sold for $10 per share. On September 1, 2013, 3,000 treasury shares are sold at $6 per share. Instructions Journalize the stock tran ...

Other / Other 23 Mar 2016