On January 1 Weiss Corporation had 75,000 shares of Common stock issued and outstanding. The...
60.1K
Verified Solution
Link Copied!
Question
Accounting
On January 1 Weiss Corporation had 75,000 shares of Common stock issued and outstanding. The stock has a par value of $5 per share. During the year, the following transactions occurred.
Apr. 1 Issued 5,000 additional shares of common stock for$11 per share.
June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30.
July 10 Paid the $1.50 Cash dividend.
Dec 1 Issued 3,000 additional shares of common stock for $13 per share.
Dec 15 Declared a cash dividend on outstanding shares of $1.80 per share to stockholders of record on December 31.
Instructions:
Journalize the transactions
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.