Reference no: EM132604693
Question - Bridgeport Corporation was organized on January 1, 2020. It is authorized to issue 15,000 shares of 8%, $100 par value preferred stock, and 504,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.
Jan.10 Issued 85,000 shares of common stock for cash at $4 per share.
Mar.1 Issued 5,150 shares of preferred stock for cash at $110 per share.
Apr.1 Issued 22,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $84,000.
May1 Issued 78,000 shares of common stock for cash at $5.25 per share.
Aug.1 Issued 11,000 shares of common stock to attorneys in payment of their bill of $43,000 for services performed in helping the company organize.
Sept.1 Issued 12,000 shares of common stock for cash at $7 per share.
Nov.1 Issued 1,000 shares of preferred stock for cash at $113 per share.
Required -
(a) Journalize the transactions.
(b) Post to the stockholders' equity accounts.
|
Compute the fixed costs expected
: A company's flexible budget for 24,000 units of production showed sales, $93,600; variable costs, $31,200; Compute the fixed costs expected
|
|
Find what is the loan annual ear
: A loan is offered with monthy payments and a 9.00 percent APR. Whats the loan's annual EAR? Show the equation. Provide the example.
|
|
Atomic number of the heaviest nonradioactive noble gas
: The symbol and group number of the Period 5 transition element whose atoms have the fewest protons
|
|
Draw atomic depictions similar to those in problem
: Draw atomic depictions similar to those in Problem 2.30 for (a) 2248Ti (b) 3479Se; (c) 513B.
|
|
Post to the stockholders equity accounts
: Bridgeport Corporation was organized on January 1, 2020. It is authorized to issue 15,000 shares of 8%, Post to the stockholders equity accounts
|
|
Law of multiple proportions
: Which of the following scenes illustrate(s) the fact that com-pounds of chlorine (green) and oxygen (red) exhibit the law of multiple proportions? Name compound
|
|
What is size of the monthly payment for the renewal period
: If the mortgage is renewed for a 5-year term at 5.30% compounded semiannually, what is the size of the monthly payment for the renewal period
|
|
How much cash should be paid to L
: Jeter is unable to pay any of the capital deficiency. If the income-sharing ratios are 5 : 3 : 2, respectively, how much cash should be paid to L. Pattison
|
|
Illustrate the law of multiple proportions
: Show, with calculations, how the following data illustrate the law of multiple proportions - 47.5 mass % sulfur and 52.5 mass % chlorine
|