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Yuki888 [10]
3 years ago
5

hare Issuances for Cash Chase, Inc., issued 10,000 shares of $20 par value preferred stock at $50 per share and 8,000 shares of

no-par value common stock at $20 per share. The common stock has no stated value. All issuances were for cash. a. Prepare the journal entries to record the share issuances. b. Prepare the journal entry for the issuance of the common stock assuming that it had a stated value of $10 per share. c. Prepare the journal entry for the issuance of the common stock assuming that it had a par value of $2 per share.
Business
1 answer:
IRISSAK [1]3 years ago
8 0

Answer:

a. Prepare the journal entries to record the share issuances.

  • Dr Cash 500,000
  •     Cr Preferred stocks 200,000
  •     Cr Additional paid in capital - preferred stocks 300,000

  • Dr Cash 160,000
  •     Cr Common stocks 160,000    

b. Prepare the journal entry for the issuance of the common stock assuming that it had a stated value of $10 per share.

  • Dr Cash 160,000
  •     Cr Common stocks 80,000    
  •     Cr Additional paid in capital - common stocks 80,000

c. Prepare the journal entry for the issuance of the common stock assuming that it had a par value of $2 per share.

  • Dr Cash 160,000
  •     Cr Common stocks 16,000    
  •     Cr Additional paid in capital - common stocks 144,000

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gtnhenbr [62]

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Snoke Inc's current price is $100 and the price is expected to rise to $110 in one year. The dividends are paid annually and the
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Answer:

Expected stock Return = 16%

Explanation:

The return of a stock is calculated by subtracting ending stock price to ending stock price and add adding and income distributions made during the period and divide by the stock price at beginning

Current stock price = $100

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Return = Ending stock price - Current stock price + dividends/Current stock             price

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3 years ago
On december 2017 coolwear had a balance in its prepaid insurance acount of 68,400. During 2018, 106,000 was paid for insurance.
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Answer:

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Explanation:

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Using this formula

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The president is responsible for the communication and ongoing relationship between America and other nations of the world. This
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