e13-23 requirements 1 & 2

received cash for 6,000 shares of its STU par preferred Stock At par value and 6,500 shares of its no par common stock at $20 per share. Without making journal entries, determine the total paid-in capital created by these transactions. Learning Objective 2 E13-21 Journalizing issuance of stock Steller Systems completed the following stock issuance transactions: May 19 Jun. 3 11 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Issued 300 shares of $9, no-par preferred stock for $15,000 cash. Received equipment with a market value of $68,000 in exchange for 5,000 shares of the $3 par value common stock. Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid.in capital did these transactions generate for Steller Systems? Learning Objective 2 1. a. Cash $104,000 E13-22 Journalizing issuance of no-par stock Eates Corp. issued 8,000 shares of no-par common stock for $13 per share. Requirements 1. Record issuance of the stock if the stock: a. is true no-par stock. b. has stated value of $3 per share. 2. Which type of stock results in more total paid-in capital? E13-23 Journalizing issuance of stock and preparing the stockholders' equity section of the balance sheet The charter for ASAP-TV, Inc. authorizes the company to issue 100,000 shares of $5, no-par preferred stock and 500,000 shares of common stock with $1 par value. Dur- ing its start-up phase, ASAP-TV completed the following transactions: Learning Objective 2 2. Total Stockholders' Equity $94,500 Sep. 6 12 14 Issued 550 shares of common stock to the promoters who organized the corporation, receiving cash of $16,500. Issued 400 shares of preferred stock for cash of $23,000. Issued 1,500 shares of common stock in exchange for land with a market value of $17,000. Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of the ASAP-TV balance sheet at September 30, 2018, assuming ASAP-TV, Inc. had net income of $38,000 for the month