TEMPLATE #4

TEMPLATE #4 - 4 Paid-in capital-Stock Warrants Cash Common...

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Page 1 Martino Inc. Stockholders Equity January 1, 2010 Common Stock, $10 par value, authorized 1,000,000 shares 300,000 shares issued and outstanding $3,000,000 Paid-in capital in excess of par 600,000 Retained Earnings 570,000 Total $4,170,000 Journal Entries Accounts Debit Credit 1 Memorandum entry to reflect issuance of 100,000 rights. 10 rights to buy 1 share at $32. Rights are void after 30 days. 2 Cash Discount on Bonds Payable Bonds Payable Paid-in capital-Stock Warrants 3 Cash Common Stock Paid-in capital in Excess of Par
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Unformatted text preview: 4 Paid-in capital-Stock Warrants Cash Common Stock Paid-in capital in Excess of Par 5 Compensation Expense Paid-in capital-Stock Options 6 Cash Paid-in Capital-Stock Options Common Stock Paid-in Capital in Excess of Par Martino Inc. Stockholders Equity December 31, 2010 Common Stock, $10 par value, authorized 1,000,000 shares 320,100 shares issued and outstanding $- Paid-in capital in excess of par- Paid-in Capital-Stock Warrants- Retained Earnings- Total $-...
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This note was uploaded on 03/04/2011 for the course BUS 101 taught by Professor Surie during the Spring '11 term at Nassau CC.

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