Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y8, were as follows: 1.  Journalize the selected transactions. If no entry is required, select "No entry required" from the dropdown and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. a.  Issued 15,000 shares of $20 par common stock at $30, receiving cash.

Q: Kingbird, Inc. issues 9,700 shares of $102 par value preferred stock for cash at $110 per share.…

A: Journal is the primary book where transactions are originally recorded. Further, a journal entry is…

Q: Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year…

A: Split the shares means that company issues some extra shares against outstanding shares, but the…

Q: Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1,…

A: When the common stock is issued in excess of its par value, they are said to be issued at premium.…

Q: Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31,…

A: A journal entry is used to record the day-to-day transactions of an organization by debiting and…

Q: On July 1, Raney Corporation purchases 500 shares of its $5 par value common stock for the treasury…

A: When treasury stock are purchased, the treasury stock is debited at the purchase price and cash…

Q: Blossom Company had these transactions during the current period. June 12   Issued 83,500 shares…

A: Date Account Titles and Explanations Debit Credit June 12 Cash  $313,125…

Q: On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 110,000 shares of $8 par…

A: Total amount invested (total paid in capital) = Total common stock capital + Total preferred stock…

Q: On May 1, Splish Brothers Corporation purchased 3.200 shares of its $10 par value common stock at a…

A: Treasury stock: Shares that are bought back by the company from the open market but not retired from…

Q: On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 320,000 shares of $5 par…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: Kingbird, Inc. issues 8,600 shares of $106 par value preferred stock for cash at $112 per share.…

A: Cash received will be = 8600*112 =$963,200 Preferred stock will be = 8600*106 = $911,600 Paid in…

Q: On May 20, the board of directors for Auction.com declared a cash dividend of 50 cents per share…

A: Date  Account titles and explanation  Debit in $  Credit in $  May, 20  Dividend's…

Q: Larkspur, Inc. has 6,700 shares of common stock outstanding. It declares a $2 per share cash…

A: Dividend declared and paid: The majority of dividends are cash dividends, which are distributions…

Q: On May 10, a company issued for cash 2,000 shares of no-par common stock (with a stated value of $2)…

A: Given that: Common stock shares issued = 2000 shares Preferred Stock shares = 3000 shares

Q: On June 1, Marin Inc. issues 3,400 shares of no-par common stock at a cash price of $9 per share.…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: On June 1, Pronghorn Inc. issues 3,200 shares of no-par common stock at a cash price of $8 per…

A: Being to record issue of common stock

Q: On May 1, Splish Brothers Corporation purchased 2,700 shares of its $10 par value common stock at a…

A: journal entry of above transaction are as follows

Q: On July 1, Blue Spruce Corporation purchases 460 shares of its $5 par value common stock for the…

A: Treasury shares means the share which has been buy back by the company . It will be shown as…

Q: The company entered into the following transactions during the year. Jan.   15   Issued 5,000…

A: Journal entry: It is also called as book of original entry. It is used to record a financial…

Q: On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 100,000 shares of $8 par…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: On Sept. 1, Paddington, Inc., issued 1,000 shares of $10 stated value common stock for cash of $10…

A: Introduction: A journal records all of a company's financial activities as well as the accounts that…

Q: On May 20, the board of directors for Auction.com declared a cash dividend of 50 cents per share…

A: Introduction: Journals: Recording of  a business transactions in a chronological order. First step…

Q: Shamrock, Inc. issues 9,100 shares of $106 par value preferred stock for cash at $114 per share.…

A: Total cash received = No. of shares issued x Issue price per share = 9,100*$114 = $1,037,400

Q: On July 1, Hanson Corporation issued 10 shares of $100 par value preferred stock for cash of $1,000…

A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…

Q: Larkspur, Inc. has 6,700 shares of common stock outstanding. It declares a $2 per share cash…

A: First, compute the cash dividends as shown below: Cash dividends = 6,700*$2 Cash dividends = $13,400…

Q: On June 1, Tamarisk, Inc. issues 2,900 shares of no-par common stock at a cash price of $5 per…

A: A journal entry is prepared by the company to record the non-economic & economic transactions of…

Q: On July 1, Larkspur, Inc. purchases 560 shares of its $5 par value common stock for the treasury at…

A: On July 1, Larkspur Inc.'s Purchased 560 shares of common stock for the treasury. Par value = $5 per…

Q: Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year…

A: Cash Dividend -  Cash Dividend is the amount distributed by the company from the accumulated profit…

Q: Entries for Selected Corporate Transactions Selected transactions completed by ATV Discount…

A: NOTE : As per BARTLEBY guidelines, when multiple sub parts of question are given then first three…

Q: Cullumber Company had these transactions during the current period. June 12 Issued 80,500 shares of…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: On June 1, Pronghorn Inc. issues 3,200 shares of no-par common stock at a cash price of $8 per…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1,…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Pro-Builders Corporation has 242,000 shares of $45 par common stock outstanding. On September 2,…

A: Stock dividend means a payment given to the shareholders in shares instead of a cash payment. Stock…

Q: Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31,…

A: Common Stock, Preference stock and Bonds all are sources of finance used by the company for raising…

Q: Prepare the issuer’s journal entry for each of the following separate transactions. a. On March 1,…

A: c. Paid in capital in excess of par - common stock = Inventory + Machinery - Note payable - Common…

Q: Carla Vista Co. had these transactions during the current period. June 12 Issued 83,000 shares of $1…

A: Journal entries refer to the recording of transactions in an appropriate way. With the help of…

Q: Please help

A: Cash Dividends are the amount paid to the shareholders, from the earnings of the company. Basically,…

Q: Tamarisk, Inc. issues 9,400 shares of $106 par value preferred stock for cash at $110 per share.…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 50,000 shares of $8…

A: Shares issued at a cost above its stated or par value is called premium on shares. It is the…

Q: Sunland Company had these transactions during the current period. June 12   Issued 83,500 shares…

A: The issuance of common stock will increase the cash balance and the common stock along with the…

Q: On June 1, Noonan Inc. issues 4,000 shares of no-par common stock at a cash price of $6 per…

A: Given: No. of shares issued = 4000 Stated value per share = $1 Issue price per share $6 Amount of…

Q: Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1,…

A: For running any business or company , we need to have long term sources of funds so that business…

Q: On May 10, Ayayai Corp. issues 1,000 shares of $4 par value common stock for cash at $11 per share.…

A: Cash will be = 1000*11 = 11,000 Capital = 1000*4 =4000 Excess of capital = 11,000 - 4000=7000

Q: On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 73,000 shares of $10 par…

A: Introduction: Recording of a business transactions in a chronological order. First step in the…

Q: On May 1, Carla Vista Corporation purchased 2,800 shares of its $10 par value common stock at a cash…

A: A systematic way to record all the business transactions is referred to as a journal entry, this…

Q: Clothing Frontiers began operations on January 1 and engages in the following transactions during…

A: Share issue refers to issue of new share for cash.

Q: On April 15 of this year, the board of directors for Jedi Company declared a cash dividend of 62…

A: Dividend: dividend alludes to an award, cash, or something else, that an organization provides for…

Q: Pro-Builders Corporation has 242,000 shares of $45 par common stock outstanding. On September 2,…

A: Stock dividend: Stock dividend means a payment given to the shareholders in shares instead of a cash…

Q: On May 10, Monty Corp. issues 1,900 shares of $4 par value common stock for cash at $13 per…

A: Calculation of cash received:.  Calculation of amount common stock issued:  Calculation of amount…

Q: Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1,…

A: For running any business or company , we need to have long term sources of funds so that business…

Q: Catena's Marketing Company has the following adjusted trial balance at the end of the current year.…

A: Statement of Stockholder's Equity is a summary reports which contains the Opening Balance and…