Textbook Ref LO 14.2 Spring Company is authorized to issue 500,000 shares of $2 par value common stock. In its first year, the company has the following transactions: Jan 31. Issued 25,000 shares of stock at $9.75 per share Jun 10. Issued 9,000 shares of stock for legal services valued at $90,000 Aug 3. Purchased 1,000 shares of treasury stock at $9 per share Sep 10. Reissued 500 shares of its common stock held in the treasury for $12 per share. Jan 31. Number of shares issued Issue price per share Par Value per Share issued Excess over par value per share Cash Proceeds from the stock issue Proceeds credited to Common Stock Proceeds credited to paid in capital in excess of par Jun 10. Value of services received Number of shares issued as consideration Issue price per share Par Value per Share issued Excess over par value per share Consideration credited to Common Stock (Total $) Consideration credited to paid in capital in excess of par (Total $) Aug 3. Number of Treasury shares purchased Purchase price per share Total purchase price of the shares Sep 10. Number of shares reissued Reissue price per share, of which: Cost per share Reissue price above / below cost Total proceeds from the reissue, of which Proceeds credited to Treasury Stock Proceeds credited/debited to Additional Paid-in-capital from Treasury Stock Common Stock Authorized Shares Issued Shares Less: Treasury Stock Outstanding Shares Journal Entries Date Jan. 31 Jun 10 Aug. 3 Sep. 10 Account Title To record the share issue To record the treasury stock purchase ▼ To record the issue of shares in exchange for land To record the treasury stock purchase ▼ ▼ ▼ ▼ Debit Credit
Textbook Ref LO 14.2 Spring Company is authorized to issue 500,000 shares of $2 par value common stock. In its first year, the company has the following transactions: Jan 31. Issued 25,000 shares of stock at $9.75 per share Jun 10. Issued 9,000 shares of stock for legal services valued at $90,000 Aug 3. Purchased 1,000 shares of treasury stock at $9 per share Sep 10. Reissued 500 shares of its common stock held in the treasury for $12 per share. Jan 31. Number of shares issued Issue price per share Par Value per Share issued Excess over par value per share Cash Proceeds from the stock issue Proceeds credited to Common Stock Proceeds credited to paid in capital in excess of par Jun 10. Value of services received Number of shares issued as consideration Issue price per share Par Value per Share issued Excess over par value per share Consideration credited to Common Stock (Total $) Consideration credited to paid in capital in excess of par (Total $) Aug 3. Number of Treasury shares purchased Purchase price per share Total purchase price of the shares Sep 10. Number of shares reissued Reissue price per share, of which: Cost per share Reissue price above / below cost Total proceeds from the reissue, of which Proceeds credited to Treasury Stock Proceeds credited/debited to Additional Paid-in-capital from Treasury Stock Common Stock Authorized Shares Issued Shares Less: Treasury Stock Outstanding Shares Journal Entries Date Jan. 31 Jun 10 Aug. 3 Sep. 10 Account Title To record the share issue To record the treasury stock purchase ▼ To record the issue of shares in exchange for land To record the treasury stock purchase ▼ ▼ ▼ ▼ Debit Credit
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter10: The Cost Of Capital
Section: Chapter Questions
Problem 1TCL: CALCULATING 3MS COST OF CAPITAL Use online resources to work on this chapters questions. Please note...
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In the queston you didn't answer the ones for August 3, could you do it and use formulas for the one in blue? Also, could you explain in more detail de formulas, more so for the common stock.
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Could you include the formulas used for all the blue squares.
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