Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 cash on February Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $2 par value. 3. The stock has a $5 stated value. 2. The stock has neither par nor stated value. Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $5 par value common stock for $35,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for th efforts, estimated to be worth $40,000. The stock has a $1 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for the efforts, estimated to be worth $40,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $60,000 cash. Sudoku Company issues 7,000 shares of $7 par value common stock in exchange for land and a building- The land is valued at $45,000 and the building at $85,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. On June 30. Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. After the distribution is made. (1) prepare the updated stockholders' equity section and (2) compute the number of shares outstanding. Common stock $10 par value. 50,000 shares issued and outstanding. Paid in capital in excess of par value.common stock $ 500.000 200,000 660.000 51.360.000 Refer to the information in C 1 ni Alerthenill . Assume that instead of distributing a stock dividend, Sharper did ean the latest hors equity section and (2) compute the Exercis Stock se Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 cash on February Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $2 par value. 3. The stock has a $5 stated value. 2. The stock has neither par nor stated value. Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $5 par value common stock for $35,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for th efforts, estimated to be worth $40,000. The stock has a $1 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for the efforts, estimated to be worth $40,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $60,000 cash. Sudoku Company issues 7,000 shares of $7 par value common stock in exchange for land and a building- The land is valued at $45,000 and the building at $85,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. On June 30. Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. After the distribution is made. (1) prepare the updated stockholders' equity section and (2) compute the number of shares outstanding. Common stock $10 par value. 50,000 shares issued and outstanding. Paid in capital in excess of par value.common stock $ 500.000 200,000 660.000 51.360.000 Refer to the information in C 1 ni Alerthenill . Assume that instead of distributing a stock dividend, Sharper did ean the latest hors equity section and (2) compute the Exercis Stock se
