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In: Accounting
Baird Products Inc., a wholesaler of office products, was organized on January 30 of the current...
Baird Products Inc., a wholesaler of office products, was organized on January 30 of the current year, with an authorization of 80,000 shares of 2% preferred stock, $75 par and 800,000 shares of $20 par common stock. The following selected transactions were completed during the first year of operations: Jan 30 issued 300,000 shares of common stock Jan 31 issued 75 shares of common stock at par to n attorney in payment of legal fees feb 21 issued 32,000 shares of common stock in exchange for land, buildings, and equipment with fair market value prices of $150,000, $460,000, and $90,000, respectively March 2 issued 15,000 shares of preferred stock at $77.50 for cash journalize the transaction
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ekkarill92 answered 1 year agoRelated Solutions
Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current...
Professional Products Inc., a wholesaler of office products, was
organized on February 5 of the current year, with an authorization
of 75,000 shares of preferred1% stock, $50 par and 450,000 shares
of $15 par common stock. The following selected transactions were
completed during the first year of operations:
Journalize the transactions.
If an amount box does not require an entry, leave it blank.
Feb. 5. Issued 100,000 shares of common stock
at par for cash.
Feb. 5.
Feb. 5. Issued...
Work Place Products Inc., a wholesaler of office products, was organized on July 1 of the...
Work Place Products Inc., a wholesaler of office products, was
organized on July 1 of the current year, with an authorization of
25,000 shares of preferred 2% stock, $100 par and 550,000 shares of
$10 par common stock. The following selected transactions were
completed during the first year of operations:
July
1
Issued 243,000 shares of common stock at par for cash.
1
Issued 600 shares of common stock at par to an attorney in
payment of legal fees for...
Work Place Products Inc., a wholesaler of office products, was organized on July 1 of the...
Work Place Products Inc., a wholesaler of office products, was
organized on July 1 of the current year, with an authorization of
100,000 shares of 4% preferred stock, $40 par and 750,000 shares of
$25 par common stock. The following selected transactions were
completed during the first year of operations:
Journalize the transactions.
July. 1. Issued 100,000 shares of common stock
at par for cash.
July. 1
July. 1 Issued 650 shares of common stock at
par to an attorney...
Issuing Stock Professional Products Inc., a wholesaler of office products, was organized on February 5 of...
Issuing Stock
Professional Products Inc., a wholesaler of office products, was
organized on February 5 of the current year, with an authorization
of 75,000 shares of preferred 3% stock, $75 par and 450,000 shares
of $10 par common stock. The following selected transactions were
completed during the first year of operations:
Journalize the transactions.
If an amount box does not require an entry, leave it blank.
Feb. 5. Issued 140,000 shares of common stock
at par for cash.
Feb. 5....
PLEASE USE THE CHART PROVIDED Professional Products Inc., a wholesaler of office products, was organized on...
PLEASE USE THE CHART PROVIDED
Professional Products Inc., a wholesaler of office products, was
organized on February 5 of the current year, with an authorization
of 27,000 shares of preferred 2% stock, $100 par and 600,000 shares
of $10 par common stock. The following selected transactions were
completed during the first year of operations:
Feb.
5
Issued 213,000 shares of common stock at par for cash.
5
Issued 400 shares of common stock at par to an attorney in
payment...
ssuing Stock Work Place Products Inc., a wholesaler of office products, was organized on July 1...
ssuing Stock
Work Place Products Inc., a wholesaler of office products, was
organized on July 1 of the current year, with an authorization of
100,000 shares of 2% preferred stock, $40 par and 250,000 shares of
$25 par common stock. The following selected transactions were
completed during the first year of operations:
Journalize the transactions.
July. 1. Issued 130,000 shares of common stock
at par for cash.
July. 1
Cash
Common Stock
July. 1 Issued 600 shares of common stock...
Issuing Stock Work Place Products Inc., a wholesaler of office products, was organized on July 1...
Issuing Stock Work Place Products Inc., a wholesaler of office
products, was organized on July 1 of the current year, with an
authorization of 125,000 shares of 1% preferred stock, $50 par and
500,000 shares of $25 par common stock. The following selected
transactions were completed during the first year of operations:
Journalize the transactions. July. 1. Issued 145,000 shares of
common stock at par for cash. July. 1 July. 1 Issued 500 shares of
common stock at par to...
Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on January...
Glacier Products Inc. is a wholesaler of rock climbing gear. The
company began operations on January 1, Year 1. The following
transactions relate to securities acquired by Glacier Products
Inc., which has a fiscal year ending on December 31:
Year 1
Jan. 18.
Purchased 7,300 shares of Malmo Inc. as an available-for-sale
investment at $36 per share, including the brokerage
commission.
July 22.
A cash dividend of $0.45 per share was received on the Malmo
stock.
Oct. 5.
Sold 2,200...
Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on January...
Glacier Products Inc.
is a wholesaler of rock climbing gear. The company began operations
on January 1, Year 1. The following transactions relate to
securities acquired by Glacier Products Inc., which has a fiscal
year ending on December 31:
Year 1
Jan. 18.
Purchased 8,300 shares of Malmo Inc. as an available-for-sale
security at $42 per share, including the brokerage commission.
July 22.
A cash dividend of $0.55 per share was received on the Malmo
stock.
Oct. 5.
Sold 3,700...
A corporation was organized on January 1 of the current year (Year 1), and it is...
A corporation was organized on January 1 of the current year
(Year 1), and it is authorized to issue 50,000 shares of Dh100 par,
1% cumulative preferred stock and 250,000 shares of Dh10 par common
stock. The following selected transactions were completed during
the first year of operations:
Jan. 3
Issued 15,000 shares of common stock at Dh23 per share for
cash.
31
Issued 500 shares of Dh10 par common stock at par to an attorney
in return for...
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