Question 4 has 3 problems that go with it. I wasn\'t able to copy the drop down
ID: 2471750 • Letter: Q
Question
Question 4 has 3 problems that go with it. I wasn't able to copy the drop down arrow for the general record, so I just copied and pasted it. Below is the options to use for each transaction. Thank you.
Building
Cash
Common dividend payable
Common stock dividend distributable
Common stock, $0.50 par value
Common stock, $1 par value
Common stock, $1 stated value
Common stock, $18 par value
Common stock, $20 par value
Common stock, $8 stated value
Common stock, $9 stated value
Common stock, no-par value
Contributed capital, treasury stock
Income summary
Inventory
Land
Machinery
Note payable
Organization expenses
Paid-in capital in excess of par value, common stock
Paid-in capital in excess of par value, preferred stock
Paid-in capital in excess of stated value, common stock
Preferred stock, $50 par value
Retained earnings
value 30.00 points Rodriguez Corporation issues 12,000 shares of its common stock for $262,500 cash on February 20 Prepare joumal entries to record this event under each of the following separate situations. 1. The stock has a $18 par value 2. The stock has neither par nor stated value. 3. The stock has a $9 stated value. transaction list 1. Record the issue of 12,000 shares of $18 par value 2. Record the issue of 12,000 shares of no-par, no-stated 3. Record the issue of 12,000 shares of $9 stated value common stock for $262,500 cash. value common stock for $262,500 cash common stock for $262,500 cash ck for bit Credit ts before credits journal entry has been entered record entryExplanation / Answer
Journal entries:
Description Debit Credit 1) Cash $262,500 To Common Stock $216,000 To Paid in excess of par 46,500 2) Cash $262,500 To Common stock $262,500 3) Cash $262,500 to Common stock $108,000 To Paid in excess of par $154,500Related Questions
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