Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $30 par value common stock for $144,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $39,000. The stock has a $2 per share stated. In groups, you will provide the journal entry to record issuing of ... ... Group Project:.
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Prepare journal entries to record the following four separate issuances of stock. Question 3. Sudoku Company issues 30,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $230,000 and the building at $379,000.
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As mentioned above, the 100 point restoration of this Spitfire took 11 years to complete, and the aircraft is now listed for sale with an asking price of £3,500,000, which works out to approximately $4,710,000 USD. It's rare that we see any airworthy Spitfire come up for sale , let alone one with WWII combat history that has been returned to.
For each of the events (a) through (c), indicate the amount and direction of the effect (+ for increase, − for decrease, and NE for no effect) on Amalgamated Textiles in terms of the following items.2. Prepare the journal entries that Amalgamated Textiles would record , and show any computations.Data from C6-1:The transactions listed below are.
2. 23. · Prepare general journal entries to record the following transactions for elliott consulting. Property taxes $1,850,000 all other revenues 300,000 total revenues $2,150,000 appropriations: The company uses a perpetual inventory system and the gross method. Prepare journal entries to record the following transactions for allied assuming ...
PrepareJournalentriestorecordthefollowingfourseparateissuancesofstock. 1. A corporation issued 4,000 shares of $5 par value common stock for $35,000 cash. 2. A corporation issued 2,000 shares of no-par common stockto its promoters in exchange for their efforts. estimated to be worth $40,000. The stock has a $1 per share stated value. 3.
On November 4, Zirbal reissued 1,300 shares of this treasury stock for $16,900. Prepare the May 3 and November 4 journal entries to record Zirbal’s purchase and reissuance of treasury stock . Q6. Epic Company earned net income of $744,500 this year.