Issued 10000 shares of common stock for 15000 cash
Journal Entries to Issue Stock. To record the issuance of 10,000 shares of stock for cash. To illustrate, assume that the DeWitt Corporation, which is authorized to issue 10,000 shares of common stock without par value, assigns a stated value of $20 per share to its stock. DeWitt issues the 10,000 shares for cash at $ 23 per share. 1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Purchased $300 of office supplies on account. 6. Mar. 1 Issued 10,000 shares of common stock for $15,000 cash. 1 Purchased used truck for $8,000, paying $3,000 cash and the balance on account. 3 Purchased cleaning supplies for $1,500 on account. 5 Paid $2,400 cash on a 6-month insurance policy effective March 1. 14 Billed customers $3,700 for cleaning services. 1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Purchased $300 of office supplies on account. 6. Nov. 1 Issued 10,000 shares of $10 par value common stock in exchange for an initial investment of $100,000 by the firm's owners Nov. 1 Prepaid $1,800 for a one-year insurace policy Nov. 3 Issued 1,500 shares of $10 par value common stock for office equipment with a fair market value of $15,000. Issues 15,000 shares of $20 per common stock at $30, receiving cash. Issued 4,000 shares of $80 per preffered 5% stock at $100, receiving cash. Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. Declared a dividend of $0.50 per share on common stock and $ 1.00 per share on preferred stock. 1. Owners invested cash. Metro Courier, Inc., was organized as a corporation on January 1, the company issued shares (10,000 shares at $3 each) of common stock for $30,000 cash to Ron Chaney, his wife, and their son. The $30,000 cash was deposited in the new business account. Transaction analysis:
On May 5, Maranda issued at par 1,000 shares of 4%, $50 par preferred stock for cash. On May 25, Maranda issued for cash 15,000 shares of 4%, $50 par preferred stock at $55. Journalize the entries to record the April 10, May 5, and May 25 transaction. 3.A company has 10,000 shares of $10 par common stock outstanding.
Jun 29, 2016 Debit cash 1,600,000. Credit Common Stock - $0.10 par value 40,000 Imports issued 400,000 shares of $0.10 par value common stock at $4 1 Issued 10,000 shares of common stock to Illustration: UC Company originally issued 15,000 shares cash dividend on March 10, payable on April 6 to Decrease in retained earnings from cash and stock dividends. Bleeker Company issued 10,000 shares of its $5 par value common stock having a market value of $25 per share and 15,000 shares of its $15 par value preferred stock having a Mar 15, 2015 01-Jan-2014 Dr. Cash $100,000 [10,000 shares * $10] Cr. Common This refers to the amount at which a stock is issued or can be redeemed. [1,000 shares * $12] Cr. Additional paid in capital $3,000 [$15,000 - $12,000]. Sold 96,000 shares of common stock for $8 cash per share. Jan. 15, Exchanged 10,000 shares of common stock for equipment with a market value of $80,000. 1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Purchased $300 of office supplies on account. 6.
1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Purchased $300 of office supplies on account. 6.
On May 5, Maranda issued at par 1,000 shares of 4%, $50 par preferred stock for cash. On May 25, Maranda issued for cash 15,000 shares of 4%, $50 par preferred stock at $55. Journalize the entries to record the April 10, May 5, and May 25 transaction. 3.A company has 10,000 shares of $10 par common stock outstanding. Issued 10,000 shares of common stock to attorneys in payment of their bill of $39,500 for services performed in helping the company organize. Sept. 1: Issued 11,500 shares of common stock for cash at $7 per share. Nov. 1: Issued 2,000 shares of preferred stock for cash at $111 per share. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Purchased $300 of office supplies on account. 6. A. Issued 50,000 shares of common stock at $20, receiving cash. B. Issued 10,000 shares of preferred 2% stock at $92. C. Purchased 30,000 shares of treasury common for $480,000. D. Sold 15,000 shares of treasury common for 322,000. E. Sold 10,000 shares of treasury common for 155,000 It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 80,000 shares of common stock for cash at $4 per share. Common Stock Journal Example In the following example, ABC Advertising sells 10,000 shares of its common stock at $10 per share. The sale is recorded as follows: When the sale has been recorded, both total columns should match. The common stock row shows the total par value of the stock that is sold.
1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Purchased $300 of office supplies on account. 6.
Common Stock Journal Example In the following example, ABC Advertising sells 10,000 shares of its common stock at $10 per share. The sale is recorded as follows: When the sale has been recorded, both total columns should match. The common stock row shows the total par value of the stock that is sold.
1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Purchased $300 of office supplies on account. 6.
Jun 29, 2016 Debit cash 1,600,000. Credit Common Stock - $0.10 par value 40,000 Imports issued 400,000 shares of $0.10 par value common stock at $4
1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Purchased $300 of office supplies on account. 6. Journal Entries to Issue Stock. To record the issuance of 10,000 shares of stock for cash. To illustrate, assume that the DeWitt Corporation, which is authorized to issue 10,000 shares of common stock without par value, assigns a stated value of $20 per share to its stock. DeWitt issues the 10,000 shares for cash at $ 23 per share.