Jan 1 st: issued 7 0 0 0 shares of 1 0 0 $ present value, 4
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Question:
Jan st: issued shares of $ present value, preferred stock at par
Jan nd: Declared a : stock split on the common
Feb st: issued shares of common stock for equipment valued at $
mar : declared and issued a stock divined when the market price was $ per share
may : reacquired shares at $
Dec : declared a $ per share divined on the common stock
Dec : paid the Dec, divided
Dec st: net income for the year was $
Required make the necessary accounting journal entries for the above dates
Please explain how you are getting the values for each entry
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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