Business, 06.05.2020 04:26 butterflyrhodes01

Shamrock Corporation was organized on January 1, 2020. It is authorized to issue 9,800 shares of 8%, $100 par value preferred stock, and 549,100 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.

Jan. 10 Issued 80,410 shares of common stock for cash at $7 per share.
Mar. 1 Issued 5,360 shares of preferred stock for cash at $113 per share.
Apr. 1 Issued 24,880 shares of common stock for land. The asking price of the land was $91,780; the fair value of the land was $80,410.
May 1 Issued 80,410 shares of common stock for cash at $8 per share.
Aug. 1 Issued 9,800 shares of common stock to attorneys in payment of their bill of $46,000 for services rendered in helping the company organize.
Sept. 1 Issued 9,800 shares of common stock for cash at $10 per share.
Nov. 1 Issued 940 shares of preferred stock for cash at $109 per share.

Required:
Journalize the transactions.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 05:30

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

Answers: 3

Answer

Business, 22.06.2019 20:00

In william rathje's garbology project that focused on household waste, front door interviews found 15 percent of respondents saying that they consumed beer. the trash discard from the same area showed what percentage of household's consuming beer

Answers: 1

Answer

Business, 22.06.2019 21:30

Russell's study compared gpa of those students who volunteered for academic study skills training and those who did not elect to take the training. he found that those who had the training also had higher gpa. with which validity threat should russell be most concerned?

Answers: 2

Answer

Business, 22.06.2019 23:10

Tony prince is the project manager for the recreation and wellness intranet project. team members include you, a programmer/analyst and aspiring project manager; patrick, a network specialist; nancy, a business analyst; and bonnie, another programmer/analyst. other people are supporting the project from other departments, including yusaff from human resources and cassandra from finance. assume that these are the only people who can be assigned and charged to work on project activities. recall that your schedule and cost goals are to complete the project in six months for under $200,000.task 2identify at least eight milestones for the recreation and wellness intranet project. write a short paper describing each milestone using the smart criteria. discuss how determining these milestones might add activities or tasks to the gantt chart. remember that milestones normally have no duration, so you must have tasks that will lead to completing the milestone.

Answers: 3

Answer

You know the right answer?

Shamrock Corporation was organized on January 1, 2020. It is authorized to issue 9,800 shares of 8%,...

Questions