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On January 2, 2016, Alpha Corporation issued 1,500 shares of $6 par value common stock. The issue price was $15 per share.

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On January 2, 2016, Alpha Corporation issued 1,500 shares of $6 par value common stock. The issue price

was $15 per share. On January 15, Alpha Corporation issued 1,100 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries.

 
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On January 1, 2016, Alpha Corporation had 200,000 shares of common stock outstanding with a par value of $3 per share. On March 31, Alpha Corporation authorized a 10% stock dividend when the market value

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On January 1, 2016, Alpha Corporation had 200,000 shares of common stock outstanding with a par value of

$3 per share. On March 31, Alpha Corporation authorized a 10% stock dividend when the market value was $10 per share. Use this information to prepare the General Journal entry (without explanation) for March 31. If no entry is required then write “No Entry Required.”

Question #7: General Journal: Date Accounts Debit Credit Question #8: General Journal: Date Accounts Debit Credit 1/2/16 1/15/16 Question #9: General Journal: Date Accounts Debit Credit 1/2/16 Question #10: General Journal: Date Accounts Debit Credit 9/1/16 Question #11: General Journal: Date Accounts Debit Credit Question #12: General Journal: Date Accounts Debit Credit 1/2/16

 
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Why ethics and professional conduct are so important in the accounting professions. Why behaving ethically

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Why ethics and professional conduct are so important in the accounting professions. Why behaving ethically

in your graduate studies is critical to your goal to graduate and work in the accounting industry.

 
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Evaluate the following list, and decide if each described attribute more likely relates to a common stock or preferred stock issue.

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Evaluate the following list, and decide if each described attribute more likely relates to a common stock or preferred stock issue.
CommonPreferred
  
The stock is described as 6%, cumulative   ✓
The stock includes voting rights    
The stock is last in line in the event of liquidation    
The stock is convertible    
The stock ordinarily pays a fixed dividend    
The stock may be subject to significant appreciation    
The stock has a “call price”    
The stock has a mandatory redemption date    
 
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