1. LESSON 12-1 Capital Stock Transactions
11/13/2018
LESSON 12-1
Capital Stock Transactions
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2. ISSUING PREFERRED STOCK AT PAR VALUE
LESSON 12-1
11/13/2018
ISSUING PREFERRED STOCK AT PAR VALUE
page 343
Number of Shares
Par Value per Share =
Total Par Value × 1
800
$100.00 =
$80,000.00 × 2 3 4 5 6
1. Calculate the amounts to be recorded.
4. Record the receipt number.
2. Write the date.
5. Write the debit amount.
3. Enter the account title.
6. Record the credit amount.
LESSON 12-1
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3. ISSUING PREFERRED STOCK FOR MORE THAN PAR VALUE
LESSON 12-1
11/13/2018
ISSUING PREFERRED STOCK FOR MORE THAN PAR VALUE
page 344
Number of Shares
Value per Share =
Value ×
300
$120.00 =
$36,000.00 ×
Total received
300
100.00 =
30,000.00 ×
Par value 1
$ 6,000.00
Amount received in excess of par value 3 6 2 4 5
1. Calculate the amounts to be recorded.
4. Record the receipt number.
2. Write the date.
5. Write the debit amount.
3. Enter the account titles.
6. Record the credit amounts.
LESSON 12-1
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4. ISSUING PREFERRED STOCK FOR LESS THAN PAR VALUE
LESSON 12-1
11/13/2018
ISSUING PREFERRED STOCK FOR LESS THAN PAR VALUE
page 345
Number of Shares
Value per Share =
Value ×
500
$100.00 =
$50,000.00 ×
Par value
500
90.00 =
45,000.00 ×
Total received 1
$ 5,000.00
Total discount 3 4 5 2 6
1. Calculate the amounts to be recorded.
4. Record the receipt number.
2. Write the date.
5. Write the debit amounts.
3. Enter the account titles.
6. Record the credit amount.
LESSON 12-1
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5. ISSUING PREFERRED STOCK FOR ASSETS OTHER THAN CASH
LESSON 12-1
11/13/2018
ISSUING PREFERRED STOCK FOR ASSETS OTHER THAN CASH
page 346
Number of Shares
Value per Share =
Value ×
100
$120.00 =
$12,000.00 ×
Total received
100
100.00 =
10,000.00 ×
Par value
$ 2,000.00
Amount received in excess of par value 1 3 4 2 5 6
1. Calculate the amounts to record.
4. Record memorandum number.
2. Write the date.
5. Write the debit amount.
3. Enter the account titles.
6. Record the credit amount.
LESSON 12-1
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6. ISSUING COMMON STOCK WITH NO PAR VALUE
LESSON 12-1
11/13/2018
ISSUING COMMON STOCK WITH NO PAR VALUE
page 347
LESSON 12-1
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7. ISSUING COMMON STOCK WITH A STATED VALUE
LESSON 12-1
11/13/2018
ISSUING COMMON STOCK WITH A STATED VALUE
page 347
LESSON 12-1
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8. TERM REVIEW discount on capital stock page 348 LESSON 12-1 LESSON 12-1
11/13/2018
TERM REVIEW
page 348
discount on capital stock
LESSON 12-1
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