During FY15, the decreases in Class B, Class C, and Class E shares are because those shares were converted to Class A shares. Assume that the remaining increase in Class A share is due to new share issuances for cash. What journal entry would the Company have recorded for the issuance of those new shares?

The accompanying notes are an integral part of these Consolidated Financial Statements.

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Current assets: Cash and cash equivalents Accounts receivable, net of allowance Deferred income taxes Prepaid expenses and other current assets Total current assets Current liabilities: BOOZ ALLEN HAMILTON HOLDING CORPORATION CONSOLIDATED BALANCE SHEETS Property and equipment, net of accumulated depreciation Deferred income taxes Intangible assets, net of accumulated amortization Goodwill Other long-term assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current portion of long-term debt Accounts payable and other accrued expenses Accrued compensation and benefits Other current liabilities Total current liabilities Long-term debt, net of current portion Income tax reserve Deferred income taxes Other long-term liabilities Total liabilities Commitments and contingencies (Note 20) Stockholders' equity: ASSETS Common stock, Class A - $0.01 par value-authorized, 600,000,000 shares; issued, 150,237,675 shares at March 31, 2015 and 143,962,073 shares at March 31, 2014; outstanding, 147,238,282 shares at March 31, 2015 and 143,352,448 shares at March 31, 2014 Non-voting common stock, Class B-$0.01 par value-authorized, 16,000,000 shares; issued and outstanding, 0 shares at March 31, 2015 and 582,080 shares at March 31, 2014 Restricted common stock, Class C-$0.01 par value-authorized, 5,000,000 shares; issued and outstanding. 0 shares at March 31, 2015 and 935,871 shares at March 31, 2014 Special voting common stock, Class E-$0.003 par value-authorized, 25,000,000 shares; issued and outstanding, 1,851,589 shares at March 31, 2015 and 4,424,814 shares at March 31, 2014 Treasury stock, at cost-2,999,393 shares at March 31, 2015 and 609,625 shares at March 31, 2014 Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total stockholders' equity Total liabilities and stockholders' equity $ $ March 31, 2015 (Amounts in thousands, except share and per share data) 207,217 $ $57,310 14,539 84,142 1,163,208 111,367 14,758 219,382 1,304,231 64,547 2,877,493 $ 57,063 $ 481,815 279,239 30,877 $48,994 1,569,272 58,444 214,285 2,690,995 March 31, 2014 1,502 259,994 916,737 29,687 49,559 1,255,977 129,427 220,887 1,273,789 60,738 2,940,818 73,688 488,807 331,440 23,169 917,104 1,585,231 57,406 8.231 201,210 2,769,182 1,440 6 9 6 (72,293) 174,985 104,457 (22,159) 186,498 171,636 2,877,493 $ 2,940,818 13 (10,153) 144,269 42,688 (6,636) Current assets: Cash and cash equivalents Accounts receivable, net of allowance Deferred income taxes Prepaid expenses and other current assets Total current assets Current liabilities: BOOZ ALLEN HAMILTON HOLDING CORPORATION CONSOLIDATED BALANCE SHEETS Property and equipment, net of accumulated depreciation Deferred income taxes Intangible assets, net of accumulated amortization Goodwill Other long-term assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current portion of long-term debt Accounts payable and other accrued expenses Accrued compensation and benefits Other current liabilities Total current liabilities Long-term debt, net of current portion Income tax reserve Deferred income taxes Other long-term liabilities Total liabilities Commitments and contingencies (Note 20) Stockholders' equity: ASSETS Common stock, Class A - $0.01 par value-authorized, 600,000,000 shares; issued, 150,237,675 shares at March 31, 2015 and 143,962,073 shares at March 31, 2014; outstanding, 147,238,282 shares at March 31, 2015 and 143,352,448 shares at March 31, 2014 Non-voting common stock, Class B-$0.01 par value-authorized, 16,000,000 shares; issued and outstanding, 0 shares at March 31, 2015 and 582,080 shares at March 31, 2014 Restricted common stock, Class C-$0.01 par value-authorized, 5,000,000 shares; issued and outstanding. 0 shares at March 31, 2015 and 935,871 shares at March 31, 2014 Special voting common stock, Class E-$0.003 par value-authorized, 25,000,000 shares; issued and outstanding, 1,851,589 shares at March 31, 2015 and 4,424,814 shares at March 31, 2014 Treasury stock, at cost-2,999,393 shares at March 31, 2015 and 609,625 shares at March 31, 2014 Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total stockholders' equity Total liabilities and stockholders' equity $ $ March 31, 2015 (Amounts in thousands, except share and per share data) 207,217 $ $57,310 14,539 84,142 1,163,208 111,367 14,758 219,382 1,304,231 64,547 2,877,493 $ 57,063 $ 481,815 279,239 30,877 $48,994 1,569,272 58,444 214,285 2,690,995 March 31, 2014 1,502 259,994 916,737 29,687 49,559 1,255,977 129,427 220,887 1,273,789 60,738 2,940,818 73,688 488,807 331,440 23,169 917,104 1,585,231 57,406 8.231 201,210 2,769,182 1,440 6 9 6 (72,293) 174,985 104,457 (22,159) 186,498 171,636 2,877,493 $ 2,940,818 13 (10,153) 144,269 42,688 (6,636)

Answer rating: 100% (QA)

Entry for issuance of new common stock General Journal Debit Credit Cash 30756 1749851442691... View the full answer