Paid in Capital from Treasury Stock for Davidson Co

Related BrainMass Solutions

• Preparing Journals and Balance Sheets

  Mar. 4 Cash (22 x 5,000) 110,000 Treasury Stock (18 x 5,000) 90,000 Paid-in capital from Treasury Stock 20,000 3.

• Journal Entries for Issuing/Purchasing Shares at Garza Co.

  2,000 shares are in the treasury Additional paid-in capital 350,000 Total Contributed Capital 415,000 Less: Treasury stock at cost 80,000 Total Stockholders' Equity 335,000 This solution provides the journal

• Accounting Multiple Choice

  Column 1 Column 2 Column 3 Cash 14,000 Treasury Stock 5,000 Additional Paid-in Capital 9,000 c. Column 1 Column 2 Column 3 Treasury Stock 5,000 Additional Paid-in Capital 9,000 Cash 14,000 d.

• Journalize issuance of common and preferred stock and purchase of treasury stock.

  Common Stock A/c $ 60,000 CR. Additional Paid-in-capital A/c $315,000 July 11 DR.

• Common Stock Transactions

  The difference between the purchase price and the sale price goes to paid in capital from sale of treasury stock. The solution explains the journal entries for various stock transactions.

• Journal Entries for Garza Co.

  Common   Stock 25,000  June 12 Cash 375,000 Common Stock (60,000 X $1) 60,000  Paid-in Capital in Excess of Par Value?

• Carey Co's: Treasury stock purchase and reissue journal entr

  Common stock, $10 par, 1,000,000 shares authorized, 600,000 shares issued, 585,000 outstanding $6,000,000.00 Paid in capital in excess of par $1,500,000.00 Paid in capital, treasury stock $15,000.00 Retained earnings

• Examining Journalizing Stockholders' Equity Transactions

  Profit from reissue credited to paid in capital-treasury stock. Loss from sale of treasury stock could be debited to paid in capital from treasury stock if there is accumulated credit balance of $1000 only in that account.

• Journalize the Transactions for Common Stock

  Mar. 2 Accounts Payable 30,000 Common Stock 25,000 Additional Paid-in Capital in excess of par value 5,000 (30,000 - (5,000 shares x $5) = 25,000) June 12 Cash 375,000 Common Stock 300,000 Additional Paid-in Capital