Company A received cash and issued stock to a new stockholder. In recording this transaction:
举一反三
- Company A issued 2,500 shares of its no par ordinary stock for cash. The price is $10 per share. The entry to record this transaction would be: A: Debit Cash $25,000; credit Share Premium in Excess of Par Value $25,000. B: Debit Cash $25,000; credit Ordinary Stock $25,000. C: Debit Ordinary Stock $25,000; credit Cash $25,000. D: Debit Treasury Stock $25,000; credit Cash $25,000.
- A company issued 20,000 shares of its $1 par value ordinary stock for cash. The price is $10 per share. The entry to record this transaction would be: A: Debit Cash $200,000; credit Ordinary Stock $20,000; credit Share Premium, Ordinary Stock $180,000. B: Debit Cash for $200,000; credit Ordinary Stock $200,000 C: Debit Ordinary Stock $20,000; debit Share Premium, Ordinary Stock $180,000; credit Cash $200,000. D: Debit Ordinary Stock $20,000; credit Cash $20,000.
- MAKE ENTRY FOR THE FOLLOWING TRANSACTION.The company was organized and capital stocks are issued for cash, $100,000. A: Cash in Bank 100,000Capital Stock 100,000 B: Capital Stock 100,000Cash 100,000 C: Cash in Bank 50,000Capital Stock 100,000 D: Cash in Bank 100,000Capital Stock 50,000
- An analyst does research about cash flow statement and learns a company which issued a significant amount of common stock in exchange for inventory. With respect to the cash flow statement, this transaction is most likely reportedas:（） A: investing activity only. B: financing activity only. C: in a separate note or supplementary schedule.
- A company issued 5-year, 7% bonds with a par value of $100,000. The market rate when the bonds were issued was 6.5%. The company received $101,137 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is: A: $3,386.30. B: $3,500.00. C: $3,613,70. D: $6,633.70. E: $7,000.00.