- Issued shares of common stock. Stock has par value of per share and was issued at $ per share. (please refer to table below and use only the info in line with your surname initial in the blank/underlined space) Surname Initial A P.I, E, V CO.R. Y K. Q. M,F S, W, G, Z D. T. L. U N. B, J, X, H # of shares issued Par value 5,000 $ 15,000 S 45,500 S 65,000 $ 80,000 S 100,000 S Issue Price 0.01 $ 0.10 $ 0.30 $ 0.40 S 0.50 S 0.60 S 30.00 30.00 30.00 30.00 30.00 30.00 · Issued exchange for legal services. (please refer to table below and use only the info in line with your surname initial in the blank/underlined space) shares of preferred stock at par value as payment in Sumame Initial # of shares issued AP. I E. V 2.000
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- You are an accountant working for a company that has recently decided to incorporate. The company has incurred $4,300 for attorneys fees, promotion costs, and filing fees with the state of incorporation as a part of organizing the corporate entity. What is the journal entry to record these costs on March 13, assuming they are paid in cash?Discuss how each of the following transactions for Watson, International, will affect assets, liabilities, and stockholders equity, and prove the companys accounts will still be in balance. A. An investor invests an additional $25,000 into a company receiving stock in exchange. B. Services are performed for customers for a total of $4,500. Sixty percent was paid in cash, and the remaining customers asked to be billed. C. An electric bill was received for $35. Payment is due in thirty days. D. Part-time workers earned $750 and were paid. E. The electric bill in C is paid.The company is desirous of comparing serval financial transactions and possible outcomes to assist in guiding its decision-making process. It is assumed that the company will be formed on January 1, 2021 and registered as Osbourne Corporation. The company’s charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity. Issued 100,000 shares of common stock. Stock has par value of $0.60 per share and was issued at $30.00 per share. Issued 14,000 shares of preferred stock at par value as payment in exchange for legal services. Exchanged 260,000 shares of common stock for land with an appraised value of $650,000 and a building with an appraised value of $500,000. Earned Net income $900,000. Paid dividends to preferred shareholders as well as $2 per share to common stockholders. Prepare the journal…
- The company is desirous of comparing serval financial transactions and possible outcomes to assist in guiding its decision-making process. It is assumed that the company will be formed on January 1, 2021 and registered as Osbourne Corporation. The company’s charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information which is grouped according to your surname name initial. (Hint!!!! Example surname Manuel will use the initial M and that person should only use the info presented in line with the heading with their surname initial. You are not allowed to use info associated other initials other than that of your own as this will result in the forfeiture of the grade.) (Please to rules above on double-barrel surnames) Issued ________shares of common stock. Stock has…The company is desirous of comparing serval financial transactions and possible outcomes to assist in guiding its decision-making process. It is assumed that the company will be formed on January 1, 2021 and registered as Osbourne Corporation. The company’s charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information which is grouped according to your surname name initial. (Hint!!!! Example surname Manuel will use the initial M and that person should only use the info presented in line with the heading with their surname initial. You are not allowed to use info associated other initials other than that of your own as this will result in the forfeiture of the grade.) (Please to rules above on double-barrel surnames) Issued ________shares of common stock. Stock has…The company is desirous of comparing serval financial transactions and possible outcomes to assist in guiding its decision-making process. It is assumed that the company will be formed on January 1, 2021 and registered as Osbourne Corporation. The company’s charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information which is grouped according to your surname name initial. Issued 15,000 shares of common stock. Stock has par value of 0.10 per share and was issued at $ 30.00 per share. Issued 5,000 shares of preferred stock at par value as payment in exchange for legal services. Exchanged 120,000 shares of common stock for land with an appraised value of $300,000 and a building with an appraised value of $500,000 Earned Net income $600,000 Paid…
- The company is desirous of comparing serval financial transactions and possible outcomes to assist in guiding its decision-making process. It is assumed that the company will be formed on January 1, 2021 and registered as Osbourne Corporation. The company’s charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information: Issued 5000 shares of common stock. Stock has par value of $0.01 per share and was issued at $30 per share. Issued 2000 shares of preferred stock at par value as payment in exchange for legal services. Exchanged 100,000 shares of common stock for land with an appraised value of $250,000.00 and a building with an appraised value of $450,000.00. Earned Net income $500,000.00. Paid dividends to preferred shareholders as well as $2 per share to common…The company is desirous of comparing serval financial transactions and possible outcomes to assist in guiding its decision-making process. It is assumed that the company will be formed on January 1, 2021 and registered as Osbourne Corporation. The company’s charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information which is grouped according to your surname name initial. 1. Issued 65000 shares of common stock. Stock has par value of $ 0.40 per share and was issued at $ 30.00 per share. 2. Issued 10,000 shares of preferred stock at par value as payment in exchange for legal services 3. Exchanged $200,000 shares of common stock for land with an appraised value of $500,000.00 and a building with an appraised value of $700,000.00. 4. Earned Net income $750,000.00.…The company is desirous of comparing serval financial transactions and possible outcomes to assist in guiding its decision-making process. It is assumed that the company will be formed on January 1, 2021 and registered as Osbourne Corporation. The company’s charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information which is grouped according to your surname name initial. Issued 65,000 shares of common stock. Stock has par value of 0.40 per share and was issued at $30 per share. Issued 10,000 shares of preferred stock at par value as payment in exchange for legal services Exchanged 200,000 shares of common stock for land with an appraised value of $ 500,000 and a building with an appraised value of $700,000. Earned Net income $750,000. Paid dividends to…
- The company is desirous of comparing serval financial transactions and possible outcomes to assist in guiding its decision-making process. It is assumed that the company will be formed on January 1, 2021 and registered as Osbourne Corporation. The company’s charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information which is grouped according to your surname name initial Issued ________shares of common stock. Stock has par value of ___ per share and was issued at $____ per share. # of shares issued Par value Issue Price 45,500 $0.30 $30.00 Issued _______ shares of preferred stock at par value as payment in exchange for legal services # of shares issued 8,000 Exchanged ______ shares of common stock for land with an…The company is desirous of comparing serval financial transactions and possible outcomes to assist in guiding its decision-making process. It is assumed that the company will be formed on January 1, 2021 and registered as Osbourne Corporation. The company’s charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information Issued 5000 shares of common stock. Stock has par value of $0.01 per share and was issued at $30 per share. Issued 2000 shares of preferred stock at par value as payment in exchange for legal services. Exchanged 100,000 shares of common stock for land with an appraised value of $250,000.00 and a building with an appraised value of $450,000.00 Earned Net income $500,000.00. Paid dividends to preferred shareholders as well as $2 per share to common…The company is desirous of comparing several financial transactions and possible outcomes to assist in guiding its decision-making process. It is assumed that the company will be formed on January 1, 2021 and registered as Osbourne Corporation. The company’s charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information which is grouped according to your surname name initial. Issued ________shares of common stock. Stock has par value of ___ per share and was issued at $____ per share. (please refer to table below) Surname Initial # of shares issued Par value Issue Price C 15,000 $0.10 $30.00 Issued _______ shares of preferred stock at par value as payment in exchange for legal services. (please refer to table below)…