Total A company process received were $19,500 stock had a market value of $22 pe
ID: 2546499 • Letter: T
Question
Total A company process received were $19,500 stock had a market value of $22 per share at the time of The preferred stock had a market value of $60 per share and common the package sale Prepare the journal entry required to record I the package sale of stock 2. In August of 2016 a company issued subscribed stock and recorded the following journal entry $10,400 $93,600 Cash (1,000 shares x $104 x.10) Preferred Stock Subscribed Additional Paid in Capital-PS $100,000 $4,000 Full payment was made for the subscribed stock on November 1. Prepare the November 1, 2016 journal entry 3. The shareholders' equity of a company is as shown $200,000 $100,000 Common stock, $10 par APIC-CS Total Shareholders Equity If the company issued a 6% stock dividend during the year, what would total shareholders' equity be after the dividend was $450,000 issued? At the beginning of 2016 a company had 7,000 shares of common stock outstanding. On August 1, 2016, the company issued another 2,000 shares of common stock. On December 1, 2016 the company issued a 2-for-1 stock split. What quantity of common shares would be used in the 2016 Basic Earnings Per Share calculation 4.Explanation / Answer
1. Journal Enry
Cash A/c Dr. $19500
Discount A/c Dr. $500
To Preferred Stock $9000
To Equity Stock $11000
2. Preferred Stock A/c Dr. $104,000
To Cash A/c $104,000