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Pharoah Company had these transactions during the current period. June 12 Issued 82,500 shares of $1 par value common stock for cash of $309,375 July
Pharoah Company had these transactions during the current period. June 12 Issued 82,500 shares of $1 par value common stock for cash of $309,375 July 11 Issued 4,250 shares of $100 par value preferred stock for cash at $108 per share. Nov. 28 Purchased 1.950 shares of treasury stock for $9,750. Prepare a tabular summary to record the Pharoah Company transactions. Include margin explanations for the changes in revenues and expenses. Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced) Assets Liabilities Cash Common Stock + PIC in Excess of P. June 22 $ $ July 11 Nov. 28 Pharoah Company had these transactions during the current period. June 12 July 11 Issued 82,500 shares of $1 par value common stock for cash of $309,375 Issued 4 250 shares of $100 par value preferred stock for cash at $108 per share. Purchased 1,950 shares of treasury stock for $9,750. Nov. 28 Prepare a tabular summary to record the Pharoah Company transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity PIC in Excess of Par Pret. Treasury Stock Revenue Expense $ $ June 12 July 11 Issued 82,500 shares of $1 par value common stock for cash of $309,375 Issued 4,250 shares of $100 par value preferred stock for cash at $108 per share, Purchased 1.950 shares of treasury stock for $9,750. Nov. 28 Prepare a tabular summary to record the Pharoah Company transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Retained Earnings avenue Expense Dividend $ e Textbook and Media Interest expense Preferred stock Pald-in-capital in excess of preferred stock Dividends Paid-in-capital in excess of common stock Common stock List of Accounts Save for Later
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