subject
Business, 15.02.2021 21:20 jonathanjenkins701

Sunland Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $109,000. (a) Prepare the journal entry for the issuance when the market price of the common shares is $172 each and market price of the preferred is $215 each. (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $188 per share.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 06:50
On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500
Answers: 3
question
Business, 22.06.2019 22:00
Acontinental polar air mass foms where
Answers: 1
question
Business, 22.06.2019 23:30
Which statement best describes the two reactions? abcl, + h2 → 2hci2h + h = he + inreaction a involves a greater change, and reaction b involves a change in element identity.reaction b involves a greater change and a change in element identityreaction a involves a greater change and a change in element identity.reaction b involves a greater change, and reaction a involves a change in element identity.
Answers: 1
question
Business, 23.06.2019 01:10
Hillside issues $4,000,000 of 6%, 15-year bonds dated january 1, 2016, that pay interest semiannually on june 30 and december 31. the bonds are issued at a price of $4,895,980. required: 1. prepare the january 1, 2016, journal entry to record the bonds’ issuance
Answers: 3
You know the right answer?
Sunland Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value prefer...
Questions
question
English, 11.03.2021 09:20
question
History, 11.03.2021 09:20
question
Advanced Placement (AP), 11.03.2021 09:20
question
Business, 11.03.2021 09:20
question
French, 11.03.2021 09:20
question
Computers and Technology, 11.03.2021 09:20
Questions on the website: 13722362