TD 6 - E 11-21(p.542 Stock Issuance Treasury Stock and...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
E 11-21 (p.542) Stock Issuance, Treasury Stock, and Dividends a. Cash. ................................................................................... $2,090,000 Common Stock. ............................................................. 475,000 Paid-In Capital in Excess of Par, Common Stock. ......... 1,615,000 Issued 95,000 shares of common stock at $22 per share. Cash received is $22 x 95,000 shares; common stock is par value times the number of shares issued ($5 x 95,000); paid-in capital is the excess. b. Cash. ................................................................................... 234,000 Preferred Stock. ............................................................. 180,000 Paid-In Capital in Excess of Par, Preferred Stock. ......... 54,000 Issued 18,000 shares of preferred stock at $13 per share. Cash received is $13 x 18,000 shares; preferred stock is par value times the number of shares issued ($10 x 18,000); paid-in capital is the excess. c.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 2

TD 6 - E 11-21(p.542 Stock Issuance Treasury Stock and...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online