Bridgeport Corporation issued 2,750 shares of stock. Prepare the entry for the issuance under the following assumptions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The stock had a par value of $4.50 per share and was issued for a total of $45,000. (b) The stock had a stated value of $4.50 per share and was issued for a total of $45,000. (c) The stock had no par or stated value and was issued for a total of $45,000. (d) The stock had a par value of $4.50 per share and was issued to attorneys for services during incorporation valued at $45,000. (e) The stock had a par value of $4.50 per share and was issued for land worth $45,000. Debit Credit No. Account Titles and Explanation 45,000 (a) Cash 12.375 Common Stock 15,124 Paid-in Capital in Excess of Par-Common Stock
Bridgeport Corporation issued 2,750 shares of stock. Prepare the entry for the issuance under the following assumptions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The stock had a par value of $4.50 per share and was issued for a total of $45,000. (b) The stock had a stated value of $4.50 per share and was issued for a total of $45,000. (c) The stock had no par or stated value and was issued for a total of $45,000. (d) The stock had a par value of $4.50 per share and was issued to attorneys for services during incorporation valued at $45,000. (e) The stock had a par value of $4.50 per share and was issued for land worth $45,000. Debit Credit No. Account Titles and Explanation 45,000 (a) Cash 12.375 Common Stock 15,124 Paid-in Capital in Excess of Par-Common Stock
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 3CE: Prepare general journal entries for the following transactions of GOTE Company: (a) Received...
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