Cheyenne Corp. was organized on January 1, 2017. It is authorized to issue 21,000 shares of 7%, $53 par value preferred stock and 454,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 67,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 1,140 shares of preferred stock for cash at $56 per share. May 1 Issued 112,000 shares of common stock for cash at $7 per share. Sept. 1 Issued 4,400 shares of common stock for cash at $8 per share. Nov. 1 Issued 2,400 shares of preferred stock for cash at $56 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount Post to the stockholders’ equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a debit balance choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a credit balance Paid-in Capital in Excess of Par Value—Preferred Stock choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a debit balance choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a credit balance Common Stock choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose the end date of the accounting period 3/15/19/111/11/1012/31 Bal. enter a debit balance choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a credit balance Paid-in Capital in Excess of Stated Value—Common Stock choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a debit balance choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a credit balance apital $enter a total amount for this subsection

Cheyenne Corp. was organized on January 1, 2017. It is authorized to issue 21,000 shares of 7%, $53 par value preferred stock and 454,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 67,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 1,140 shares of preferred stock for cash at $56 per share. May 1 Issued 112,000 shares of common stock for cash at $7 per share. Sept. 1 Issued 4,400 shares of common stock for cash at $8 per share. Nov. 1 Issued 2,400 shares of preferred stock for cash at $56 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount Post to the stockholders’ equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a debit balance choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a credit balance Paid-in Capital in Excess of Par Value—Preferred Stock choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a debit balance choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a credit balance Common Stock choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose the end date of the accounting period 3/15/19/111/11/1012/31 Bal. enter a debit balance choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a credit balance Paid-in Capital in Excess of Stated Value—Common Stock choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a debit amount choose a transaction date 1/103/15/19/111/112/31 Bal. enter a credit amount choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a debit balance choose the end date of the accounting period 1/103/15/19/111/112/31 Bal. enter a credit balance apital $enter a total amount for this subsection

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter13: Earnings Per Share (eps)

Section: Chapter Questions

Problem 1R: Ponce Towers, Inc., had 50,000 shares of common stock and 10,000 shares of 100 par value, 8%...

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Jan.	10	Issued 67,000 shares of common stock for cash at $4 per share.
Mar.	1	Issued 1,140 shares of preferred stock for cash at $56 per share.
May	1	Issued 112,000 shares of common stock for cash at $7 per share.
Sept.	1	Issued 4,400 shares of common stock for cash at $8 per share.
Nov.	1	Issued 2,400 shares of preferred stock for cash at $56 per share.

Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 10Mar. 1May 1Sept. 1Nov. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

Post to the stockholders’ equity accounts. (Post entries in the order of journal entries posted in the previous part.)

apital

$enter a total amount for this subsection

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