Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Entries for Issuing Par Stock On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 140,000 shares of $8 par common stock

Entries for Issuing Par StockOn October 31, Pidgeon Stones Inc, a marble contractor, issued for cash 140,000 shares of ( $

On October 31, Pidgeon Stones Inc,, a marble contractor, issued for cash 140,000 shares of ( $ 8 ) par common stock at (  

Entries for Issuing Par Stock On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 140,000 shares of $8 par common stock at $10, and on November 19, It issued for cash 40,000 shares of preferred stock, $12 par at $41. a. Journalize the entries for October 31 and November 19. If an amount box does not require an entry, leave it blank. Oct. 31 18 Nov. 19 Cash Paid-In Capital in Excess of Par-Common Stock Paid-In Capital in Excess of Par-Preferred Stock b. What preferred Stock by all stockholders as of November 197 Entries for Issuing Par Stock On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 140,000 shares of $8 par common stock at $10, and on November 19, it issued for cash 40,000 shares of preferred stock, $12 par at $41. a. Journalize the entries for October 31 and November 19. If an amount box does not require an entry, leave it blank. Oct. 31 Nov. 19 b. What isCash Common Stock Paid-In Capital in Excess of Par-Common Stock Paid-In Capital in Excess of Par-Preferred Stock by all stockholders as of November 19?

Step by Step Solution

3.46 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

HNm t 1 a 2 3 4 56780 A Date Oct31 Nov19 B General Journal Cash 14000010 Com... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Corporate Finance

Authors: Richard Brealey, Stewart Myers, Alan Marcus

7th edition

978-0077616472, 77616472, 78034647, 978-0071314749, 71314741, 978-0078034640

More Books

Students also viewed these Accounting questions

Question

Define a traverse in Surveying?

Answered: 1 week ago