The entry to record the issuance of 12,500 shares of $1.00 par value common stock at $2.50 per share includes a:    A. debit to Retained Earnings for $31,250  B. credit to Retained Earnings for $31,250  C. credit to Common Stock for $31,250  D. credit to Paid-in Capital in Excess of Par Value-Common for $18,750

Q: Nebraska Inc. issues 2,350 shares of common stock for $75,200. The stock has a stated value of $13…

A: Common stock refers to a security that speaks to ownership in an organization. Holders of common…

Q: Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance…

A:

Q: A company issued 50 shares of \$1.00 par value common stock for $ 9,000 . The credit to additional…

A: Additional paid - in capital = Total cash proceeds - no. of shares issued x Par value per sahre =…

Q: A corporation originally issued $6 par value common stock for $11 per share. It purchased the stock…

A: Treasury stock refers to a method used by the organization to repurchase the issued stock. It is…

Q: Nexis Corp. issues 1,970 shares of $9 par value common stock at $17 per share. When the transaction…

A: The journal entry to record the issue of  shares as follows:

Q: 4. Assume instead that the 5,000 treasury shares were declared as share dividends.

A: A stock dividend is a dividend payment paid in the form of shares rather than cash and is a method…

Q: On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common…

A: Treasury Stock: Treasury stock, sometimes referred to as treasury shares or reacquired stock, is…

Q: Nexis Corp. issues 2,870 shares of $8 par value common stock at $17 per share. When the transaction…

A: Common stock can be issued at more price than the par value of the shares. The premium on in excess…

Q: Nexis Corp. issues 2,470 shares of $11 par value common stock at $16 per share. When the transaction…

A: The excess amount over the par value of a common stock is considered as paid-in capital in excess of…

Q: Badger Corporation issued 9,000 shares of its $5 par value common stock in payment for attomey…

A: Total par value of Common Stock = No. of Common Stock issued x par value per share = 9000 x $5 =…

Q: tockholders’ equity section of Splish Inc. at the beginning of the current year appears below.…

A: Stockholders' equity is the amount of assets that remain after all debts have been paid. It can also…

Q: A company with 90,695 authorized shares of $8 par common stock issued 32,813 shares at $14 per…

A: A small stock dividend is when a company issue less than 25% of outstanding shares as a stock…

Q: On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common…

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

Q: Concord, Inc. issued 9800 shares of stock at a stated value of $7/share. The total issue of stock…

A: Given, Stated value = $7 per share Issue price = $12 per share Number of shares issued = 9,800…

Q: g of the current year appears below. Common stock, $10 par value, authorized 1,043,000 shares,…

A: Retained earnings refer to the remaining earnings of a business after it had paid dividends to its…

Q: Alma Corp. issues 2,150 shares of $9 par common stock at $15 per share. When the transaction is…

A: When the share is issued at an excess price than a par value of a share, it is recorded to the…

Q: he stockholders’ equity section of Splish Inc. at the beginning of the current year appears below.…

A: Journal entries (JE) states the reporting of transactions into the journal of the company and it is…

Q: Nebraska Inc. issues 4,150 shares of common stock for $132,800. The stock has a stated value of $18…

A: The organization can raise funds for the operation by issuing common stock, preferred stock for the…

Q: Whispering Winds Corp. issued 2,800 shares of stock. Prepare the entry for the issuance under the…

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

Q: Assume that a company paid $6 per share to purchase 1,100 shares of its $3 par common stock as…

A: Total equity will be decreased by = No. of common stock purchased as treasury stock x Amount paid…

Q: Nexis Corp. issues 1,960 shares of $11 par value common stock at $15 per share. When the transaction…

A: A journal entry is the recording of financial transactions of business entity in the books of…

Q: Reporting Using the following accounts and balances, prepare the "Stockholders' Equity" section of…

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

Q: Using the following accounts and balances, prepare the Stockholders' Equity section of the balance…

A: SOLUTION- STOCKHOLDER EQUITY IS THE REMAINING AMOUNT OF ASSETS AVAILABLE TO SHAREHOLDERS AFTER…

Q: Prepare the journal entry to record Zende Company’s issuance of 75,000 shares of $5 par value common…

A: When a company issues common stock, it can issue the stock at par value or more than par value or…

Q: Treasury Stock Coastal Corporation issued 35,000 shares of $5 par value common stock at $34 per…

A: Equity = Paid in capital + retained earnings - treasury stock The issuance of shares, purchase or…

Q: A company with 80,474 authorized shares of $8 par common stock issued 30,606 shares at $12 per…

A: Formulas: Stock dividend = Number of shares issued * Par value * Stock dividend rate

Q: Vaughn Corporation issues 9900 shares of $50 par value preferred stock for cash at $85 per share.…

A: Given,  Par value = $50  Issue price = $85 Number of shares issued = 9,900

Q: Bower Corporation reported the following information: common stock, $1 par; 100,000 shares…

A: Dividend means the amount given to shareholder of the company as profit distribution by company.…

Q: Alma Corp. issues 1,170 shares of $5 par common stock at $15 per share. When the transaction is…

A: This query relates to the common stock issue journal entry. As soon as a share is granted, the par…

Q: The following account balances appear on the balance sheet of Osgood Industries: Common Stock…

A: The company raises the finance from various sources, one of them is common stock. The investor who…

Q: MJH Company issued 75 shares of stock with a par value of $5 per share for $7 a share.  The entry to…

A: Common stock, cash and paid in capital in excess of par accounts would be used to record the issued…

Q: )On January 1, Sunland Corporation had 270000 common shares issued. On April 10, the company…

A: Stock dividend is a method of capitalizing the retained earning. Under this, no profit is…

Q: Alma Corp. issues 1,120 shares of $7 par common stock at $15 per share. When the transaction is…

A: The correct journal entry to record issue of shares will be: Account Titles   Debit   Credit…

Q: Prepare the journal entry to record Jevonte Company's issuance of 36,000 shares of its common stock…

A: Solution: When common stock are issued for cash, cash is debited for issue price and common stock is…

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

A: Journal Entries are recording of transactions in company's books of account. It is the act of making…

Q: A company issued 60 shares of $100 par value common stock for $7,900 cash. The journal entry to…

A: Journal entry is the recording of financial transactions by using the dual entity concept in which…

Q: A company issues 10,000 shares of $0.05 par value common stock for $25 per share. Which of the…

A: Definition: Common stock: Common stock is the instrument used by the company for raising funds from…

Q: The company issued 10,000 shares of $1 par common stock for cash of $40 per share. Which ONE of the…

A: Shares repurchased by the company are called treasury stock. Treasury stock is deducted from the…

Q: Henlay, Inc., issued 10,000 shares of $40 par value preferred stock at $96 per share and 8,000…

A: If the shares are issued at more than a par or stated value of a share, excess amount goes to the…

Q: Nebraska Inc. issues 2,300 shares of common stock for $73,600. The stock has a stated value of $12…

A: Given that issued common stock = 2300 shares stated value = $12 per share

Q: Sheridan Company issued 2,850 shares of common stock. Prepare the entry for the issuance under the…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: Prepare the journal entry to record Zende Company's issuance of 75,000 shares of $5 par value common…

A: If the common stock is issued for more than the par value, the excess amount goes to the Paid-in…

Q: Nexis Corp. issues 1,180 shares of $9 par value common stock at $17 per share. When the transaction…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: Instructions Osage Corporation issued 2,000 shares of stock. Prepare the entry for the issuance…

A: Hello Dear Student! Attached are the necessary entries needed by you.  I have attached the entries…

Q: Q. question 3

A: Journal Entry: A journal entry is a systematic record of the business transactions in a…

Q: Nexis Corp. issues 1,110 shares of $9 par value common stock at $17 per share. When the transaction…

A: When common stock is issued anything received in excess of par is credited to paid in capital in…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.