On September 30, 2014, Homing Corporation issued 500,000 shares of $0.10 par value common stock. The market price of the shares on this date was $30 per share. What journal entry did Homing record to reflect this transaction?
Answer to relevant QuestionsThe balance sheet of Veldt, a South African firm, showed a balance in retained earnings of R5,872.4 at the end of 2013 and R4,640.9 at the end of 2012. Net income for the year was R2,362.5 million. All amounts are in ...Give journal entries, if required, for the following transactions pertaining to Grable:a. Grable declares the regular quarterly dividend of $1.50 per share on its $100 par value preferred stock. There are 30,000 shares ...On December 7, 2008, Alpharm issued shares of convertible preferred stock and warrants to purchase additional shares of preferred stock for an aggregate issue price of $46,180,000 in a private placement of securities. ...Kennett Corporation reported having 214.6 million shares outstanding at the end of its most recent fiscal year, ended December 31, 2012. On April 1, 2013, Kennett issued 36.2 million shares of common stock, at a price of $18 ...Refer to Examples 15 and 19 in the chapter. Delmar holds 10,000 gallons of whiskey in inventory on October 31, 2013, that costs $225 per gallon. Delmar contemplates selling the whiskey on March 31, 2014. Uncertainty about ...
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