Examlex
Charter Schools,Inc.is authorized to issue 500,000 shares of $2 par common stock.The company issued 106,000 shares at $6 per share.When the market price of common stock was $10 per share,Charter declared and distributed a 10% stock dividend.Later,Charter declared and paid a $0.10 per share cash dividend.
Prepare the journal entries to record these transactions.Explanations are not required.
Q2: Discount on Bonds Payable is additional Interest
Q28: Franklin Corporation invested $100,000 to acquire 20,000
Q40: A(n)_ is represented by a certificate and
Q61: On January 1,2018,Westside Sales issued $16,000 in
Q64: Gary,Peter,and Chris and have capital balances of
Q73: On July 1,2019,Michigan Company has bonds with
Q127: On January 1,2018,Belden,Inc.issued long-term notes payable for
Q130: Which of the following is an advantage
Q135: The discount on bonds payable becomes interest
Q262: Which of the following statements regarding earnings