subject
Business, 23.07.2020 01:01 Kimberlytdb

Tidal Corporation was organized on January 1, 2017. It is authorized to issue 20,000 shares of 6%, $50 par value preferred stock and 500,000 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 70,000 shares of common stock for cash at $4 per share.
Mar.1 Issued 12,000 shares of preferred stock for cash at $53 per share.
May 1 Issued 120,000 shares of common stock for cash at $6 per share.
Sept.1 Issued 5,000 shares of common stock for cash at $5 per share.
Nov.1 Issued 3,000 shares of preferred stock for cash at $56 per share.
Instructions
(a) Journalize the transactions.
(b) Post to the stockholders' equity accounts.
(c) Prepare the paid-in a capital portion of the stockholders' equity section at December 31, 2017.
(d) Tot. paid-in capital $1,829,000

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, shelbycade230
Following is a list of various costs incurred in producing replacement automobile parts. with respect to the production and sale of these auto parts, classify each cost as either variable costs, fixed costs, or mixed costs. 1. oil used in manufacturing equipment 2. plastic 3. property taxes, $165,000 per year on factory building and equipment 4. salary of plant manager 5. cost of labor for hourly workers 6. packaging 7. factory cleaning costs, $6,000 per month 8. metal 9. rent on warehouse, $10,000 per month plus $25 per square foot of storage used 10. property insurance premiums, $3,600 per month plus $0.01 for each dollar of property over $1,200,000 11. straight-line depreciation on the production equipment 12. hourly wages of machine operators 13. electricity costs, $0.20 per kilowatt-hour 14. computer chip (purchased from a vendor) 15. pension cost, $1.00 per employee hour on the job
Answers: 3
image
Business, 22.06.2019 10:30, foreignlove1039
When sending a claim to an insurance company for services provided by the physician, why are both icd-10 and cpt codes required to be submitted? how are these codes dependent upon each other? what would be the result of not submitting both codes on a medical claim to an insurance company?
Answers: 2
image
Business, 22.06.2019 11:10, addsd
Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.
Answers: 1
image
Business, 22.06.2019 17:30, Nikcoli
Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii
Answers: 2
You know the right answer?
Tidal Corporation was organized on January 1, 2017. It is authorized to issue 20,000 shares of 6%, $...

Questions in other subjects: