skip to Main Content

The smarter way
to do assignments.

Please note that this is just a preview of a school assignment posted on our website by one of our clients. If you need assistance with this question too, please click on the Order button at the bottom of the page to get started.

1.
Nada Corporation is authorized to
issue 1,500,000 shares of $4 par value
common stock. During2013, its first year of operation, the company has the following
stock transactions. Jan.15 Issued 520,000 shares of stock at $17 per share.
Jan.30 The companys attorney accepted 500 shares of common stock as payment for legalServices rendered in helping the
company in corporate. The legal services are
estimated to have a value of $12,000.

July2 Issued100,000 shares of stock for land. The land had an asking price of $1,900,000.
The stock is currently selling on a national
exchange at$18 per share.

Aug 1 Issued a 2-for-1stock split.

Oct 1 Declareda$0.75 per share dividend,
payable December 15 to stockholders of record on November
15.

Dec 15 Paid the cash dividend.

Instructions: Journalize the transactions
for Nada Corporation.1.
Nada Corporation is authorized to
issue 1,500,000 shares of $4 par value
common stock. During2013, its first year of operation, the company has the following
stock transactions. Jan.15 Issued 520,000 shares of stock at $17 per share.Jan.30 The companys attorney accepted 500 shares of common stock as payment for legalServices rendered in helping the
company in corporate. The legal services are
estimated to have a value of $12,000.July2 Issued100,000 shares of stock for land. The land had an asking price of $1,900,000.
The stock is currently selling on a national
exchange at$18 per share.Aug 1 Issued a 2-for-1stock split.Oct 1 Declareda$0.75 per share dividend,
payable December 15 to stockholders of record on November
15.Dec 15 Paid the cash dividend.Instructions: Journalize the transactions
for Nada Corporation.

GET HELP WITH THIS ASSIGNMENT TODAY

Clicking on this button will take you to our custom assignment page. Here you can fill out all the additional details for this particular paper (grading rubric, academic style, number of sources etc), after which your paper will get assigned to a course-specific writer. If you have any issues/concerns, please don't hesitate to contact our live support team or email us right away.

How It Works        |        About Us       |       Contact Us

© 2018 | Intelli Essays Homework Service®