Sudoku Company issues 7,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $45,000 and the building at $85,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.
Answer to relevant QuestionsOn June 30, 2015, Sharper Corporation’s common stock is priced at $62 per share before any stock dividend or split, and the stockholders’ equity section of its balance sheet appears as follows. Common stock—$10 par ...Refer to Apple’s financial statements in Appendix A to answer the following. 1. How many shares of common stock are issued and outstanding at September 28, 2013, and September 29, 2012? How do these numbers compare with ...Refer to the statements for Google in Appendix A. For the year ended December 31, 2013, what is its debt-to-equity ratio? What does this ratio tell us? Paulson Company issues 6%, four-year bonds, on December 31, 2015, with a par value of $200,000 and semiannual interest payments. Use the following bond amortization table and prepare journal entries to record (a) The ...On May 1, 2015, Brussels Enterprises issues bonds dated January 1, 2015, that have a $3,400,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par plus four ...
Post your question