Journal entries-stockholders equity

Assignment Help Accounting Basics

Reference no: EM1356523

Markus Industries is authorized by its corporate charter to issue 10,000 shares of preferred stock with a 7% dividend rate and a par value of $10 per share, and 25,000 shares of common stock with a par value of $2 per share. On January 15, 2011, Markus issued 400 shares of its preferred stock for $14 per share and 5,000 shares of common stock for $2.50 per share.

How much total cash did Markus raise through the January 15, 2011, stock issuance?

How are these journal entries recorded?

Reference no: EM1356523

Questions Cloud

Production cost flow-measurement : Edison Company manufactures wool blankets and accounts for production costs using process costing. The following information is available regarding its May inventories.

What is her average speed over the entire trip : A dry cell does 7.5. J of work through chemical energy transfer 5 C between terminals of the cell. What is the electric potential between the two terminal.

Determine earnings per share and share return : Assume that River Cruises, which currently is all-equity-financed, issues $250,000 of debt and uses the proceeds to repurchase 16,667 shares. Suppose that the company pays no taxes and that debt finance has no impact on its market value.

Illustrate what would production at a point outside : Illustrate what would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a level of production.

Journal entries-stockholders equity : How much total cash did Markus raise through the January 15, 2011, stock issuance? How are these journal entries recorded?

What size of packet result in last bit being transmitted : What size of packet will result in the last bit being transmitted just as the first bit of the packet arrives at the "far end" of the cable?

What is the magnitude of the net force on the block : A 0.14 kg ball is placed in a shallow wedge with an opening angle of 126°. For each contact point between the wedge and the ball, determine the force exerted on the ball. Assume the system is frictionless.

Workplace leadership : Explain what is your approach to consult the worker so that the worker does not turn the work place into a hostile work environment?

Elucidate how does this make sense using supply and demand : Even among professional sport players, the salaries for players in some sports are generally significantly higher than the salary in some other sports. Elucidate how does this make sense using supply and demand in a market in equilibrium.

User Account

All Pages