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Category > Accounting Posted 09 May 2017 My Price 9.00

question 9-27 and 9-30

Please use the cells below to answer question 9-27 and 9-30 from your AIBD textbook.
9-27: Ryland Carpet Corporation sells 10,000 shares of its common stock for $10 per share. Record the journal
entries for the applicable par values below.
Date Account Description Debit (a) The stock has a par value of $2 per share. (b) The stock has a par value of $5 per share. (c) The stock has a par value of $7 per share. 9-30: During all of 2014, stockholders of the Planet Pluto Corporation owned 15,000 shares of its $3 par value
common stock. They had purchased this stock from the corporation for $29 per share. At the end of 2014, the Planet
Pluto Corporation had an ending balance of $247,000 in its retained earnings account.
Prepare teh stockholder's equity section of the Planet Pluto Corporation's December 31, 2014 balance sheet. Record the journal Credit f its $3 par value
e end of 2014, the Planet 4 balance sheet.

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SuperTutor
(15)
Status NEW Posted 09 May 2017 07:05 AM My Price 9.00

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