Question
1. On February 7, 2018, Anas florp. issues 100 shares of common stock. The par value per share is as follows: $ 2,559 Each share
1. On February 7, 2018, Anas florp. issues 100 shares of common stock. The par value per share is as follows: $ 2,559 Each share is issued for the following amount per share (which already includes the par value): $ 5,118 Prepare the journal entry to record the issuance of common stock (3 points). 2. On March 10, 2018, Anas acquires 10 shares of its stock at the following amount per share: $ 5,133 Prepare Anas' journal entry to record the purchase (2 points). 3. Anas Corp. has the following items on its December 31, 2018 balance sheet: Accounts Payable Accumulated Depreciation Bonds Payable Cash Common Stock Land Machine Preferred Stock Retained Earnings Treasury Stock 127,950 (76,770) 255,900 332,670 255,900 588,570 179,130 127,950 435,030 (179,130) List all of the items that belong in the stockholders' equity section of Anas Corp.'s balance sheet and give me the total of stockholders' equity on December 31, 2018 (5 points)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started