Brief Exercise 11-02

On May 10, Metlock, Inc. issues2,400shares of $10par value common stock for cash at $22per share.

Journalize the issuance of the stock.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

May 10

Brief Exercise 11-03

On June 1, Metlock, Inc. issues2,850shares of no-par common stock at a cash price of $9per share.

Journalize the issuance of the shares assuming the stock has a stated value of $2per share.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

June 1

Brief Exercise 11-04

Flint Inc.'s $9par value common stock is actively traded at a market price of $15per share. Flint issues5,700shares to purchase land advertised for sale at $82,000.

Journalize the issuance of the stock in acquiring the land.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation

Debit

Credit

Brief Exercise 11-03

On June 1, Metlock, Inc. issues2,850shares of no-par common stock at a cash price of $9per share.

Journalize the issuance of the shares assuming the stock has a stated value of $2per share.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

June 1

Brief Exercise 11-04

Flint Inc.'s $9par value common stock is actively traded at a market price of $15per share. Flint issues5,700shares to purchase land advertised for sale at $82,000.

Journalize the issuance of the stock in acquiring the land.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation

Debit

Credit

Brief Exercise 11-05

Bramble Corp. issues5,550shares of $105par value preferred stock for cash at $130per share.

Journalize the issuance of the preferred stock.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation

Debit

Credit

Brief Exercise 11-02

On May 10, Metlock, Inc. issues2,400shares of $10par value common stock for cash at $22per share.

Journalize the issuance of the stock.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

May 10

Brief Exercise 11-03

On June 1, Metlock, Inc. issues2,850shares of no-par common stock at a cash price of $9per share.

Journalize the issuance of the shares assuming the stock has a stated value of $2per share.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

June 1

Brief Exercise 11-04

Flint Inc.'s $9par value common stock is actively traded at a market price of $15per share. Flint issues5,700shares to purchase land advertised for sale at $82,000.

Journalize the issuance of the stock in acquiring the land.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation

Debit

Credit

Brief Exercise 11-05

Bramble Corp. issues5,550shares of $105par value preferred stock for cash at $130per share.

Journalize the issuance of the preferred stock.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation

Debit

Credit

Brief Exercise 11-02

On May 10, Metlock, Inc. issues2,400shares of $10par value common stock for cash at $22per share.

Journalize the issuance of the stock.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

May 10

Brief Exercise 11-03

On June 1, Metlock, Inc. issues2,850shares of no-par common stock at a cash price of $9per share.

Journalize the issuance of the shares assuming the stock has a stated value of $2per share.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

June 1

Brief Exercise 11-04

Flint Inc.'s $9par value common stock is actively traded at a market price of $15per share. Flint issues5,700shares to purchase land advertised for sale at $82,000.

Journalize the issuance of the stock in acquiring the land.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation

Debit

Credit

Brief Exercise 11-05

Bramble Corp. issues5,550shares of $105par value preferred stock for cash at $130per share.

Journalize the issuance of the preferred stock.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation

Debit

Credit