13-2 Final Rodriguez Corporation issued 25,000 shares of its common stock for $240,000. 1. The stock has a $2 par value, 2. The stock has neither par nor stated value. 3. The stock has a $5 stated value.

13-3 Final Prepare journal entries for each of the following four issuances of stock. 1. A corporation issued 5,000 shares of $5 par value common stock for $50,000. 2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $60,000. The stock has a $1 per share stated value. 3. A corporation issued 4,000 shares of no-par common stock to its promoters, in exchange for their efforts, estimated to be worth $60,000. The stock has no stated value. 4. A corporation issued 2,500 shares of $50 par value preferred stock for $200,000 cash.

13-4 Final Sudoku Company issues 10,000 shares of $9 par value common stock in exchange for land and building. The land is valued at $75,000 and the building at $200,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

13-5 Final On June 30, 2017, Sharper Corporations common stock is is priced at $65 per share before any stock dividend or split, and its stockholders equity section of the balance sheet appears as follows:

Com. stock - $10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding $500,000

Paid-in capital in excess of par value, common stock 200,000

Retained earnings 660,000

Total stockholders equity $1,360,000

Assume the company declares and immediately distributes a 75% stock dividend. This event is recorded by capitalizing retained earnings equal to the stocks par value. Answer these questions about stockholders equity as it exists after issuing the new shares.

What is the retained earnings balance?

What is the amount of total stockholders equity?

How many shares are outstanding?

Assume the company implements a 7 for 4 split instead of the stock dividend in part 1. Answer these questions about stockholders equity as it exists after issuing the new shares.

What is the retained earnings balance?

What is the amount of total stockholders equity?

How many shares are outstanding?