Question: On May 1 0 , Oriole Company issues 2 , 9 0 0 shares of $ 5 par value common stock for cash at $

On May 10, Oriole Company issues 2,900 shares of $5 par value common stock for cash at $13 per share.
Journalize the issuance of the stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
\table[[Date Account Titles and Explanation,],[May 10,]]
On May 10, Oriole Company issues 2,900 shares of $5 par

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

On January 1, 2019, Bartov Company issues 5,000 shares of $100 par value preferred stock at $250 cash per share. On March 1, the company repurchases 5,000 shares of previously issued $1 par value...

Q:

Identifying and Analyzing Financial Statement Effects of Stock Issuance and Repurchase On January 1, 2016, Bartov Company issues 4,000 shares of $100 par value preferred stock at $200 cash per share....

Q:

Questo2 Not complete Marked out of 5.09 Has question Identifying and Analyzing Financial Statement Effects of Stock Issuance and Repurchase On January 1, 2019, Bartov Company issues 5,000 shares of...

Q:

On January 1, 2019, Bartov Company issues 5,000 shares of $100 par value preferred stock at $250 cash per share. On March 1, the company repurchases 5,000 shares of previously issued $1 par value...

Q:

TEST 3 On January 1, 2020, Parent Company issued 10,000 shares of its own $10 par value common stock for an exchange of 9,000 outstanding stocks of Subsidiary Company in an acquisition. Parent's...

Q:

Question 3.1 (Total: 16 marks) For the following eight scenarios, pleaseindicate the effect of each of the following transactions on total shareholders' equity by placing an "X" in the appropriate...

Q:

M8-23. Identifying Financial Statement Effects of Stock Issuance and Repurchase On January 1, Arcola Company issues 7,000 shares of $100 par value preferred stock at $300 cash per share. On March 1,...

Q:

Please make a way to answer all the questions. 17. On January 1, 2018, Georgi Company was authorized to issue 10,000 shares of $2 par common stock and 5,000 shares of $5 par preferred stock. Given...

Q:

Problem 1 Year 1 : Snow Co . just IPO'd! They issued 1 , 0 0 0 shares of $ . 0 1 par value common stock for $ 1 0 ? share and 5 0 0 shares of $ 1 par value preferred stock for $ 1 5 ? share. Year 2 :...

Q:

On January 1, 2019, your company purchased 4,000 shares of Another Company's $10 par common stock for $24 per share in cash. On that date, Another Company's assets and liabilities had a book value...

Q:

The SPSS figure shows the data and regression line for the 50 states in Table 3.6 relating x = percentage of single-parent families to y = annual murder rate (number of murders per 100,000 people in...

Q:

Rewrite each sentence so that the verbs are no longer camouflaged: a. Adaptation to the new rules was performed easily by the employees. b. The assessor will make a determination of the tax due. c....

Q:

Please provide detail as to how correct answer of 3 6 . 6 % was reached for the following problem: With a 1 2 . 0 % discount rate, using the discount approach, calculate the MIRR for the following...

Q:

Definition of omni - channel is the integration of customers' ability to research, purchase, communicate, engage with, and consume a brand through a seamless customer experience across online,...

Q:

2. Lets assume your company has spent a large sum of money to bring in Lance Armstrong. He makes an enthusiastic presentation and receives a standing ovation. Define what steps your company would...

Q:

2. Your goals play a key role in bringing purpose and direction to your life. Identify the short-term goals that are currently influencing your behavior. What long-term goals do you hope to achieve...

Q:

2. Lets assume you are a member of a productive team that has received considerable praise from top management. You learn that one member of the team has met with the manager who organized the team...