Murray Corporation issued 40,000 shares of $ 3 par value common stock in exchange for a building with a market value of $ 180,000. Record the stock issuance.
Answer to relevant QuestionsFrenchvanilla Company earned net income of $ 75,000 during the year ended December 31, 2014. On December 15, Frenchvanilla declared the annual cash dividend on its 5% preferred stock (par value, $ 115,000) and a $ 0.50 per ...Discount Center Furniture, Inc. completed the following treasury stock transactions in 2014: Dec. 1 Purchased 1,400 shares of the company’s $ 1 par value common stock as treasury stock, paying cash of $ 5 per share. 15 ...Susie Systems completed the following stock issuance transactions: May 19 Issued 2,000 shares of $ 1 par value common stock for cash of $ 9.50 per share. Jun. 3 Issued 300 shares of $ 3, no-par preferred stock for $ 15,000 ...Snake Golf Club Corp. had the following stockholders’ equity at December 31, 2013:Stockholders’ EquityPaid- In Capital:Common Stock—$ 1 Par Value; 650 shares authorized, 290 shares issued and outstanding ........... ...B-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Mobile to issue 70,000 shares of 5%, $ 100 par value cumulative preferred stock, and ...
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