Que On January 1, 2018 Roland Networking Solutions started business. On January 1, 2018, it issued...

 

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Que On January 1, 2018 Roland Networking Solutions started business. On January 1, 2018, it issued stock for cash. Roland's balance sheet at December 31, 2018, showed the following: E (Click the icon to view the stockholders' equity balances.) During 2018, Roland O (Click the icon to view the 2018 transactions.) Read the reguirement. Data Table Requirement 1. Journalize all of Roland's stockholders' equity transactions during the year. (Record debits first, then credits. Exclude explanations from any journal entries.) Common stock, $1 par 51,000 a. Issued stock for $13 per share. Additional paid-in capital 614,800 Journal Entry Retained earnings 47.000 Date Accounts Debit Credit Treasury stock, 100 shares (700) 712,100 Total stockholders' equity Print Done b. Purchased 500 shares of treasury stock, paying $7 per share. Journal Entry O Requirement Date Accounts Debit Credit 1. Journalize all of Roland's stockholders' equity transactions during the year. Roland's entry to close net income to Retained Earnings was Revenues 176,000 Expenses 111,000 c. Resold some of the treasury stock. Retained Earnings 65,000 Journal Entry Date Accounts Debit Credit Print Done Choose from any list or enter any number in the input fields and then continue to the next question. c. Resold some of the treasury stock Journal Entry Date Accounts Debit Credit d. Declared and paid cash dividends. Journalize the declaration and payment of the dividends in one entry. (Do not use a liability account for this entry.) Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Que On January 1, 2018 Roland Networking Solutions started business. On January 1, 2018, it issued stock for cash. Roland's balance sheet at December 31, 2018, showed the following: E (Click the icon to view the stockholders' equity balances.) During 2018, Roland O (Click the icon to view the 2018 transactions.) Read the reguirement. Data Table Requirement 1. Journalize all of Roland's stockholders' equity transactions during the year. (Record debits first, then credits. Exclude explanations from any journal entries.) Common stock, $1 par 51,000 a. Issued stock for $13 per share. Additional paid-in capital 614,800 Journal Entry Retained earnings 47.000 Date Accounts Debit Credit Treasury stock, 100 shares (700) 712,100 Total stockholders' equity Print Done b. Purchased 500 shares of treasury stock, paying $7 per share. Journal Entry O Requirement Date Accounts Debit Credit 1. Journalize all of Roland's stockholders' equity transactions during the year. Roland's entry to close net income to Retained Earnings was Revenues 176,000 Expenses 111,000 c. Resold some of the treasury stock. Retained Earnings 65,000 Journal Entry Date Accounts Debit Credit Print Done Choose from any list or enter any number in the input fields and then continue to the next question. c. Resold some of the treasury stock Journal Entry Date Accounts Debit Credit d. Declared and paid cash dividends. Journalize the declaration and payment of the dividends in one entry. (Do not use a liability account for this entry.) Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question.

Answer rating: 100% (QA)

Sno Date Accounts Debit Credit Cash 51000 x 13 663000 a Common ... View the full answer