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Accounting help please! The journal entry to issue 1,000,000 shares of $5 par common stock for $6.25 per share on January 2nd would be: A

Accounting help please! image text in transcribed
The journal entry to issue 1,000,000 shares of $5 par common stock for $6.25 per share on January 2nd would be: A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 4-for-l stock split, the number of shares outstanding after the split will be 160,000 shares 40,000 shares 120,000 shares 10,000 shares On January 1, 20xx, Swenson Corporation had 40,000 shares of S10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $20,00 per share. On February 1, 20xx, Swenson purchased 2.000 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on March 1, 20xx. The journal entry to record the purchase of the treasury shares on February 1, 20xx, would include a credit to Treasury Stock for $48,000. debit to Treasury Stock for $48,000. debit to loss account for $6,000 credit to a gain account for $6,000. An investor purchased 500 shares of common stock. $25 par, for $21, 750. Subsequently, 100 shares were sold for $40.50 per share. What is the amount of gain or loss on the sale? $4, 050 gain $300 gain $300 loss $1.550 gain

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