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( 9 ) Required information [ The following information appiles to the questions dispiayed beiow. ] Tony and Suzie have purchased land for a new
Required information
The following information appiles to the questions dispiayed beiow.
Tony and Suzie have purchased land for a new camp. Now they need money to bulid the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional $ million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp.
Great Actventures has authorized $ par value common stock. When the company began on July Tony and Suzie each purchased shares shares total of $ par value common stock at $ per share. The following transactions affect stockholders' equity during the remainder of :
Noverber Issue an additional eve shares of comnon stock for $ per share.
Noverber Purchase ee shares of Its Oun conmon stock e treasury stock for $ per share.
Noverber Resell shares of treasury stock at $ per share.
Decerber Dectare a cash dividend on Its connon stock of $ $ per share to all stockholders of record on Decerber
Decerber Pay the cash dividend declared on Decerber
Decerber Pay $ for construction of new cabins and other facilities. The entire expenditure is recorded in the Buldings account.
Required:
Record each of these transactions. If no entry is requlred for a particular transactionevent select No Joumal Entry Required" in the first account ficid.
Answer is not complete.
tableNoDate,Oer,,Debint,CreditNovember Cash,theta Cammen Sibok,theta Additional PadIn Capial,theta November Treawary Sibek,theta Cash,theta November Cash,theta Treaciary Sibek,theta Additionad PaidIn Capial,theta Decumber No Traraacton Recorded,,,Decamber No Traraacton Recorded,,,Diceamber Bidinga,oxCash,theta Ducumber No Traraacton Recorded,,,
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