1. A-Prepare the journal entry to record Zende Company is issuance of 75,000 shares of $5 par...

Question:

1. A-Prepare the journal entry to record Zende Company is issuance of 75,000 shares of $5 assuming the shares sell for $5 cash per share.
b- Prepare the journal entry to record Zende Company is issuance of 75,000 shares of $5 assuming the shares sell for $6 cash per share.
2. July 15 Declared a cash payable to common stockholders of $165,000.
August 15 Date of record is August 15 for the cash declared on July 15.
August 31 Paid the declared on July 15.
Prepare journal entries to record the above transactions for Emerson (If no journal entry is required, select "No journal entry required" in the first account field.)
3. On May 3, Zirbal purchased 4,000 shares of its own stock for $36,000 cash. On November 4, Zirbal reissued 850 shares of this treasury stock for $8,500
Prepare the May 3 and November 4 journal entries to record Zirbal purchase and reissuance of treasury stock.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...