n 2024, Borland Semiconductors entered into the transactions described below. In 2021, Borland had issued 150 million shares of its $1 par common stock at $42 per share. Req
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In 2024, Borland Semiconductors entered into the transactions described below. In 2021, Borland had issued 150 million shares of its $1 par common stock at $42 per share.
Required:
Assuming that Borland retires shares it reacquires, record the appropriate
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).
On January 2, 2024, Borland reacquired 9 million shares at $41.00 per share.
On March 3, 2024, Borland reacquired 9 million shares at $44 per share.
On August 13, 2024, Borland sold 1 million shares at $50 per share.
On December 15, 2024, Borland sold 2 million shares at $44 per share.
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- In 2021, Borland Semiconductors entered into the transactions described below. In 2018, Borland had issued 190 million shares of its $1 par common stock at $36 per share. Required:Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) On January 2, 2021, Borland reacquired 12 million shares at $34.50 per share. On March 3, 2021, Borland reacquired 12 million shares at $38 per share. On August 13, 2021, Borland sold 1 million shares at $44 per share. On December 15, 2021, Borland sold 2 million shares at $38 per share.In 2021, Borland Semiconductors entered into the transactions described below. In 2018, Borland had issued 165 million shares of its $1 par common stock at $27 per share. Required: Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 1. On January 2, 2021, Borland reacquired 12 million shares at $25.50 per share. 2. On March 3, 2021, Borland reacquired 12 million shares at $29 per share. 3. On August 13, 2021, Borland sold 1 million shares at $35 per share. 4. On December 15, 2021, Borland sold 2 million shares at $29 per share. View transaction list Journal entry worksheet 1 2 3 Record the reacquisition of 12 million shares at $25.50 per share.In 2021, Borland Semiconductors entered into the transactions described below. In 2018, Borland had issued 210 million shares of its $1 par common stock at $45 per share. Required: Assuming the Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions: (if no entry is required for a transaction/event, select “No journal entry required” in the first account field. Enter your answers in millions (1.e., 10,000,000 should be entered as 10).) On January 2, 2021, Borland reacquired 10 million shares at $43.50 per share. On March 3, 2021, Borland reacquired 10 million shares at $47 per share. On August 13, 2021, Borland sold 1 million shares at $53 per share. On December 15, 2021, Borland sold 2 million shares at $47 per share. Journal entry worksheet Record the reacquisition of 10 million shares at $43.50 per share. Record the reacquisition of 10 million shares at $47 per share. Record the sale of 1 million shares at $53 per share.…
- In 2020, Sage Inc. Issued 1,100 shares of $10 par value common stock for land worth $45,900. (a) Prepare Sage's Journal entry to record the transactlon. (Credit account titles are automaticaly indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit (b) Indicate the effect the transactlon has on cash. (c) Indicate how the transactlon is reported on the statement of cash flows. Sage Inc. Statement of Cash Flows (Partial)Trader Investments completed the following investment transactions during 2024: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Trader's investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 1,000 shares of Neutron stock, paying $53 per share. The investment represents 4% ownership in Neutron's voting stock. Trader does not have significant influence over Neutron. Trader intends to hold the investment for the indefinite future. Date Credit Accounts Jan. 14 Requirements 1. Journalize Trader's investment transactions. Explanations are not required. 2. Classify and prepare a partial balance sheet for Trader's Neutron investment as of December 31, 2024. 3. Prepare a partial income statement for Trader Investments for…On February 1, 2020, Kingbird Corporation issued 3,900 shares of its $5 par value common stock for land worth $22,100.Prepare the February 1, 2020, journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
- Nash's Trading Post, LLC is authorized to issue 1,000,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions. Jan. 15 Sept. 5 Dec. 6 Journalize the transactions for Nash's Trading Post, LLC. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Jan. 15 Issued 700,000 shares of stock at $5 per share. Purchased 20,000 shares of common stock for the treasury at $8 per share. Declared a $0.50 per share dividend to stockholders of record on December 20, payable January 3, 2021. Sept. 5 V Dec. 6 Account Titles and Explanation Cash Common Stock Paid-in Capital in Excess of Par Value-Common Stock Treasury Stock Cash Cash Dividends Dividends Payable Debit 160000 II Credit 160000Waterway Company has the following stockholders’ equity accounts at December 31, 2020. Common Stock ($100 par value, authorized 8,700 shares) $502,800 Retained Earnings 277,400 (a) Prepare entries in journal form to record the following transactions, which took place during 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (1) 260 shares of outstanding stock were purchased at $97 per share. (These are to be accounted for using the cost method.) (2) A $20 per share cash dividend was declared. (3) The dividend declared in (2) above was paid. (4) The treasury shares purchased in (1) above were resold at $103 per share. (5) 480 shares of outstanding stock were purchased at $106 per share. (6) 370 of the shares purchased in (5) above were resold at $96 per share.In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 200 million shares of its $1 par common stock at $20 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (if no entry is required for a transaction/event, select “No journal entry required” in the first account field. Enter your answers in millions (i.e., 10,111,000 should be entered as 10).) On January 23, 2021, Western Transport reacquired 15 million shares at $23 per share. On September 3, 2021, Western Transport sold 1 million treasury shares at $24 per share. On November 4, 2021, Western Transport sold 1 million treasury shares at $21 per share. Journal entry worksheet Record the reacquisition of 15 million shares at $23 per share. Record the sale of 1 million treasury shares at $24 per share. Record the sale of 1 million treasury shares at $21 per share
- In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 200 million shares of its $1 par common stock at $20 per share. Required:Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) On January 23, 2021, Western Transport reacquired 15 million shares at $23 per share. On September 3, 2021, Western Transport sold 1 million treasury shares at $24 per share. On November 4, 2021, Western Transport sold 1 million treasury shares at $21 per share.In 2024, Western Transport Company entered into the treasury stock transactions described below. In 2022, Western Transport had issued 250 million shares of its $1 par common stock at $25 per share. Required: Prepare the appropriate journal entry for each of the following transactions: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). On January 23, 2024, Western Transport reacquired 15 million shares at $28 per share. On September 3, 2024, Western Transport sold 2 million treasury shares at $29 per share. On November 4, 2024, Western Transport sold 2 million treasury shares at $26 per share. Can you please share the Math on this.In 2021, Borland Semiconductors entered into the transactions described below. In 2018, Borland had issued 170 million shares of its $1 par common stock at $34 per share.Required:Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions:1. On January 2, 2021, Borland reacquired 10 million shares at $32.50 per share.2. On March 3, 2021, Borland reacquired 10 million shares at $36 per share.3. On August 13, 2021, Borland sold 1 million shares at $42 per share.4. On December 15, 2021, Borland sold 2 million shares at $36 per share.
