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5 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $20 par value
5 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $51,000. The stock has a $3 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $51,000. The stack has no stated value. 4. A corporation issued 1,000 shares of $100 par value preterred stock for $151,000 cash. eBook View transaction list View journal entry worksheet Hint No Transaction General Journal Debit Credit Print ReferenCE 6 Required information Part 1 of3 The foowing information appies to the questions displayed below. The stockholders equity of TVX Company at the beginning of the day on February 5 tollows 10 points Conmon stock-$s par value, 150,000 shares authorized, 71,000 shares issued and outstanding Paid-in capital in excess of par value $ 355,000 525, 000 eBook common stock 675,000 Total stockholders equity $1,555,000 Hint on February 5, the directors declare a 10% stock dividend distributable on February 28 to the February 15 stockhoiders of record. The stock's market value is $33 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28. Print 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet Record the declaration of 10% stock dividend Note: Enter debits before credits ate Feb 05 Record entry View general journal Clear entry 7 Required information Part 2 of 3 The foowing information appies to the questions displayed below. The stockholders equity of TVX Company at the beginning of the day on February 5 tollows 10 points Conmon stock-$s par value, 150,000 shares authorized, 71,000 shares is ued and outstanding Paid-in capital in excess of par value $ 355,000 525, 000 eBook conmon stock 675,000 $1,555,000 Total stockholders equity Hint on February 5, the directors declare a 10% stock dividend distributable on February 28 to the February 15 stockhoiders of record. The stock's market value is $33 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28. Print Reference 2. One stockholder owned 750 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholder's shares immediately before and after the stock dividend of February 5. (Round your "Book value per share" answers to 3 decimal places.) Book value per share Total book value shares Required information Part 3 of 3 The foowing information appies to the questions displayed below. The stockholders equity of TVX Company at the beginning of the day on February 5 tollows 10 points Conmon stock-$s par value, 150,000 shares authorized, 71,000 shares issued and outstanding Paid-in capital in excess of par value $ 355,000 eBook 525, 000 conmon stock 675,000 Total stockholders equity $1,555,000 Hint on February 5, the directors declare a 10% stock dividend distributable on February 28 to the February 15 stockhoiders of record. The stock's market value is $33 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28. Print 3. Compute the total market value of the investor's shares in part 2 as of February 5 and February 28 Total market value of shares
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