15-1

LD J. $185 per share, what jo ansactions. What journal k at $12 per share? Afte share. Give the attributable to the commoil 10 $240,000 ($200 x 1,200) issuance price? 1- Assume that Lily Corporation has outstanding 1,500 shares of 3 15.6 at $175 per share, and that no dividends are in arrears. If the call price is $185 per Lily make to record the recall of these shares 5-13 Tulip Corporation uses the cost method to account for treasury stock transaction Tulip make to record the reacquisition of 2,000 shares of its common stock at $12 stock transaction. Tulip made the following journal entry when it reissued the treasuru 34,000 Cash 24,000 Treasury Stock 10,000 Paid-in Capital -- Treasury Stock Next Level At what price per share were the treasury shares reissued? EXERCISES d to issue 10,000 shares of comme sa Par Value and No-Par Stock Issuance Caswell Corporation is authorized to issue 10.000 ch 15.3 stock. It sells 6,000 shares at $19 per share. Required: Record the sale of the common stock, given the following independent assumptions: HOW 1. The stock has a par value of $10 per share. how 2. The stock is no-par stock, but the board of directors has assigned a stated value of $8 per share. 3. The stock has no par and no stated value. 5-2 Combined Sale of Stock Maxville Company issues 300 shares of $50 par preferred stock and 1,000 shy 15.3 S10 par common stock in a "package" sale. Total proceeds received amount to $39,000. Required: Record the transaction for each independent assumption shown: 1. The common stock has a current market was per share NSINN htliche Nav ara isla per share! Allerthe sued the treasury shares the method to m e et Tu make to read the acquisition of 2,000 shares of its common stock at SI transaction. Tulip made the following journal entry when I remed the treasury 34,000 24,000 Poidin Capitol - Treasury Stock 10,000 Next Level At what price per share were the treasury shares ressed Cash Treasury Stock CISES I shares of comme Par Value and No-Par Stock Issuance Caswell Corporation is authorized to issue 10,000 share stock. It sells 6,000 shares at S19 per share Required ccord de sale of the common rock given the following independent assumptions: The has a par value of $10 per share, The s e par stock, but the board of directors has assigned a stated value of S8 per share bodd Sale of Stock Marville Company issues 300 shares of $50 par preferred stock and 1,000 shares par como u n package sale. Total proceeds received amount to $39,000, con cache independent on the