Journalizing issuance of no-par stock Eates Corp. issued 8,000 shares of no-par common stock for $13 per share. Requirements Record issuance of the stock if the stock: a. is true no-par stock. b. has stated value of $3 per share. 2. Which type of stock results in more total paid-in capital?

Share Issuances for CashHenlay, Inc., issued 10,000 shares of $40 par value preferred stock at $96 per share and 8,000 shares of no-par value common stock at $30 per share. The common stock has no stated value. All issuances were for cash. a. Prepare the journal entries to record the share issuances.b. Prepare the journal entry for the issuance of the common stock assuming that it had a stated value of $20 per share.c. Prepare the journal entry for the issuance of the common stock assuming that it had a par value of $4 per share. General Journal Ref. Description Debit Credit a.         Preferred stock               Issued shares of preferred stock.                       Issued shares of no-par value common stock.     b.         Common stock               Issued shares of no-par value common stock, stated value.     c.         Common stock               Issued shares of common stock.

Share Issuances for Cash Finlay, Inc., issued 4,000 shares of $50 par value preferred stock at $119 per share and 6,000 sharesof no-par value common stock at $18 per share. The common stock has no stated value. All issuances were for cash. a. Determine the financial statement effect of the share issuances (preferred and common). Balance Sheet               Income Statement         Assets = Liabilities + Equity       Revenues - Expenses = Net Income Answer     Answer     Answer         Answer     Answer     Answer   b. Determine the financial statement effect of the issuance of the common stock assuming that it had a stated value of $5 per share. Balance Sheet               Income Statement         Assets = Liabilities + Equity       Revenues - Expenses = Net Income Answer     Answer     Answer         Answer     Answer     Answer   c. Determine the financial statement effect of the issuance of the common stock assuming that it had a par value of…

Issuing and Repurchasing Stock Redbird, Inc., had the following transactions related to its common and preferred stock: March 22 Sold 50,000 shares of $0.50 par common stock for $12 per share. Sold 2,000 shares of $10 par preferred stock at $14 per share. Repurchased 3,040 shares of the common stock at $20 per share. November 9 Required: Prepare the journal entries for these transactions. If an amount box does not require an entry, leave it blank. Mar. 22 Nov. 9 00 00

The shares of stock sold to investors are Select one: a. Treasury shares. b. Authorized shares. c. Issued shares. d. Outstanding shares. A firm that sold one share of $1 par value common stock for $10 would Select one: a. Debit common stock for $1. b. Debit common stock for $10. c. Credit common stock for $1. d. Credit common stock for $10. For a bond issued at par, the cash received upon issue equals the present value of the bond’s Select one: a. Principal repayment minus the interest payments. b. Principal repayment and interest payments. c. Principal repayment. d. Interest payments.

Issuing Common Stock Palan Products Inc. sold 46,750 shares of common stock to stockholders at the time of its incorporation. Palan received $48 per share for the stock. Required: Question Content Area 1.  Assume that the stock has a $16 par value per share. Prepare the journal entry to record the sale and issue of the stock. If an amount box does not require an entry, leave it blank.

Identifying and Analyzing Financial Statement Effects of Stock TransactionsMelo Company reports the following transactions relating to its stock accounts in the current year. Use the financial statement effects template to indicate the effects from each of these transactions.(a) Mar. 2 Issued 7,000 shares of $1 par value common stock at $30 cash per share.(b) Apr. 14 Issued 10,500 shares of $100 par value, 8% preferred stock at $250 cash per share.(c) June. 30 Purchased 2,100 shares of its own common stock at $22 cash per share.(d) Sep. 25 Sold 1,050 shares of its treasury stock at $26 cash per share.Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction.Note: Indicate a decrease in an account category by including a negative sign with the amount.

Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 45,000 shares of $12 par common stock at $41, and on February 27, it issued for cash 130,000 shares of preferred stock, $5 par at $8. a.  Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 Cash        Common Stock        Paid-In Capital in Excess of Par-Common Stock      Feb. 27 Cash        Preferred Stock        Paid-In Capital in Excess of Par-Preferred Stock      b.  What is the total amount invested (total paid-in capital) by all stockholders as of February 27?$

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1. Record the transactions in the general journal.  6-Feb: Declared a 5% stock dividend. The market value of the stock on that date was $25/share.   Date  Account   DR   CR     6-Feb Stock Dividend Correct   Incorrect         Common Stock Dividend Distributable Correct       Incorrect     Paid-in Capital in Excess of Par Value-Common Stock Correct       Incorrect