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Webber Corporation had the following transactions

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Webber Corporation had the following transactions 1 Carson Corporation has the following capital stock outstanding at December 31, 2008: 9% Preferred stock, $100 par value, cumulative 15,000 shares issued and outstanding ……………………………………………. $1,500,000 Common stock, no par, $10 stated value, 500,000 shares authorized, 350,000 shares issued and outstanding ………………………………………….. 3,500,000 The preferred stock was issued at $110 per share. The common stock was issued at an average per share price of $16. Instructions Prepare the paid-in capital section of the balance sheet at December 31, 2008. 2 In its first year of operations, Webber Corporation had the following transactions pertaining to its $30 par value preferred stock. Feb. 1 Issued 6,000 shares for cash at $41 per share. Nov. 1 Issued 3,000 shares for cash at $44 per share. Instructions (a) Journalize the transactions. (b) Indicate the amount to be reported for (1) preferred stock, and (2) paid-in capital in excess of par value—preferred stock at the end of the year. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Webber Corporation had the following transactions

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