Reference no: EM131200481
Salisbury Corporation formed a corporation on January 3, 2016, and is authorized to issue 500,000 shares of $10 par value common stock.
The company has the following stock transactions.
1/10/2016 - Issued 200,000 shares of stock at $16 per share.
1/25/2016 - The law firm that helped the company incorporate and file all forms for the stock issue accepts 1,000 shares of newly issued stock in lieu of cash for its legal bill rendered. The amount of the legal bill was $20,000.
6/10/2016 - Salisbury Corporation declares a 50 cent per share dividend payable July 15 to shareholders of record as of June 30, 2016.
6/30/2016 - The record date for the dividend declared on June 10.
7/15/2016 - The dividend declared on June 10 is paid.
9/15/2016 - Salisbury Corporation declares a 10% stock dividend payable on September 30 to shareholders of record as of September 20. The market value of the stock was $15 immediately prior to the declaration of the stock dividend.
9/30/2016 - The stock dividend declared on September 15 is paid.
10/15/2016 - Salisbury Corporation buys 5,000 shares of its own stock on the open market for $18 per share.
12/18/2016 - Salisbury Corporation resells 2,000 shares of the treasury stockat $20/share.
Prepare all journal entries for the above transactions.
Attachment:- Acct_Homework_Problems.xlsx
What are the perceived benefits to spammers
: ITECH 3203-7203 PROFESSIONAL DEVELOPMENT Ethics Assignment. When analysing spam email, consider ONE (1) of the following ethical dilemmas: Who should govern spam email? What are the perceived benefits to spammers
|
What is the length of the lake
: The length of a lake is to be determined. A distance of 850 m is measured from one end to a point x on the shore. A distance of 732 m is measured from x to the other end. If an angle of 154° is measured between the two lines connecting x, what is ..
|
Which company reports or documents you use for your research
: Where would you find the data you needed to create your histogram? Which company reports or documents would you use for your research?
|
Needs-based theories of motivation
: In 500 words with references: Compare and contrast needs-based theories of motivation. Which offers the most value to healthcare managers? Discuss the role of thinking processes in organizational communication and problem solving.
|
Prepare all journal entries for the given transactions
: Salisbury Corporation formed a corporation on January 3, 2016, and is authorized to issue 500,000 shares of $10 par value common stock. Prepare all journal entries for the above transactions.
|
What is the price today for a bacon signs bond
: Ten years ago Bacon Signs Inc. issued twenty-five-year 8% annual coupon bonds with a $1,000 face value each.- What is the price today for a Bacon Signs bond.
|
Organization chief executive officer
: Two nurses complain to the organization's chief executive officer that a doctor has harassed them. They refuse to put their complaint in writing. Write an action plan for each of these four roles: Nurses, CEO, physician, and medical staff director..
|
Was it the day you graduated from high school
: When did you become an adult? Was it the day you graduated from high school? Or, was it the day you moved out of your parents' or caregivers' home? Your description of what it means to be an adult and how and when an adolescent transitions into ad..
|
What part of the new account total did the advisor open
: An advisor opened four times as many accounts on Friday as on each of the other weekdays.- What part of the new account total did the advisor open on Friday?
|