ch12 homework

[E 12-1] * Paid-in Capital 은 편의상 PIC로 표기. (a) Jan. 10 Cash (70,000 X $5) Common Stock July 1 Cash (40,000 X $8) 320,000 200,000 120,000 350,000 350,000 Common Stock (40,000 X $5) PIC in Excess of Par Value (40,000 X $3) (b) Jan. 10 Cash (70,000 X $5) 350,000 70,000 280,000 Common Stock (70,000 X $1) PIC in Excess of Stated Value (70,000 X $4) July 1 Cash (40,000 X $8) 320,000 Common Stock (40,000 X $1) PIC in Excess of Stated Value (40,000 X $7) 40,000 280,000 [E 12-2] Mar. 2 Organization Expense 30,000 5,000 25,000 Common Stock (5,000 X $1) PIC in Excess of Par Value?Common Stock June 12 Cash 375,000 Common Stock (60,000 X $1) PIC in Excess of Par Value?Common Stock July 11 Cash (1,000 X $110) 110,000 60,000 315,000 Preferred Stock (1,000 X $100) PIC in Excess of Par Value?Preferred Stock (1,000 X $10) Nov. 28 Treasury Stock Cash 80,000 100,000 10,000 80,000 [E 12-4] (a) Mar. 1 Treasury Stock (50,000 X $16) Cash July 1 Cash (10,000 X $17) 170,000 160,000 10,000 800,000 …
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