Top Posters
Since Sunday
38
o
10
j
9
m
9
9
C
8
s
8
a
8
f
8
y
8
n
8
d
8
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
upton upton
wrote...
Go to Answer
Posts: 942
Rep: 0 0
6 years ago
Journalize the following stock transactions for Rick Corporation.

July    22   Issued 10,000 shares of $6 par common stock for $45,000 cash.
   28   Issued 6,000 shares of $4 par common stock for $35,000 cash.
   31   Issued 4,000 shares of $10 par, 7% preferred stock for $50,000 cash.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
Read 50 times
1 Reply
Replies
Answer verified by a subject expert
keytwokeytwo
wrote...
#1
Top Poster
Posts: 710
Rep: 12 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
July 22   Cash   45,000
   Discount on Common Stock    15,000
   Common Stock   60,000

July 28   Cash   35,000
   Common Stock   24,000
   Paid-In Capital in Excess of Par Value-Common    11,000

July 31   Cash   50,000
   Preferred Stock   40,000
   Paid-In Capital in Excess of Par Value-Preferred    10,000
1

Related Topics

upton Author
wrote...

6 years ago
Just got PERFECT on my quiz
carston
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
sakoon
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  444 People Browsing
 209 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 131
  
 195
  
 575
Your Opinion
Which country would you like to visit for its food?
Votes: 135
Previous poll results: Does a gender wage gap exist in America?