helpwithaccting 494706 | Homework Solutions

i need help with journal entries exercises…

Document Preview:

Don't use plagiarized sources. Get Your Custom Essay on
helpwithaccting 494706 | Homework Solutions
This is a Snippet Preview Access a Complete Custom Written Paper Done by Our Expert Writers
Order Essay

Exercise 13-4 Jake Corporation issued 2,600 shares of stock. Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The stock had a par value of $8 per share and was issued for a total of $54,200. (b) The stock had a stated value of $8 per share and was issued for a total of $54,200. (c) The stock had no par or stated value and was issued for a total of $54,200. (d) The stock had a par value of $8 per share and was issued to attorneys for services during incorporation valued at $54,200. (e) The stock had a par value of $8 per share and was issued for land worth $54,200. No. Account Titles and Explanation Debit Credit (a) (b) (c) (d) (e) Exercise 13-5 Laci Co. had the following transactions during the current period. Mar. 2 Issued 5,200 shares of $6 par value common stock to attorneys in payment of a bill for $35,600 for services provided in helping the company to incorporate. June 12 Issued 55,400 shares of $6 par value common stock for cash of $402,500. July 11 Issued 2,200 shares of $110 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 2,300 shares of treasury stock for $77,800. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 2 June 12 July 11 Nov. 28 Exercise 13-7 On January 1, 2012, the stockholders’ equity section of Joshua Corporation shows: Common stock ($5 par value) $1,500,000; paid-in capital in excess of par $1,066,200; and retained earnings $1,191,500. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 47,000 shares for cash at $15 per share. July 1 Sold 10,400 treasury shares for cash at $17 per share. Sept. 1 Sold 9,310 treasury shares for cash at $14 per share. (a) Journalize the treasury stock…


My Academic Papers | Homework Papers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.