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S13-2 Journalizing issuance of stock-at par and at a premium Coastal Corporation has two clases of stock: common, $4 par value; and preferted par value. Requirements 1. Journalize Coastal's issuance of 5.500 shares of common stock for $10 per share 2. Journalize Coastal's issuance of 5,500 shares of preferred stock for a total of $27.50 S13-3 Journalizing issuance of stock-no-par Ashford Corporation issued 10,000 shares of no-par common stock for $5 per share on March 13. Record the stock issuance. S13-4 Journalizing issuance of stock-stated value Turner Corporation issued 6,500 shares of $3 stated value common stock for $11 per share on July 7. Record the stock issuance. S13-5 Journalizing issuance of stock for assets other than cash Miller Corporation issued 30,000 shares of $1 par value common stock in exchange for a building with a market value of $160,000. Record the stock issuance. S13-6 Accounting for the purchase and sale of treasury stock Bottom Dollar Furniture, Inc. completed the following treasury stock transactions in 2016 Purchased 1,800 shares of the company's $1 par value common stock as treasury stock, paying cash of $6 per share Sold 300 shares of the treasury stock for cash of $9 per share. Sold 700 shares of the treasury stock for cash of S2 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2.700.) Dec. 1 15 20 Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Bottom Dollar Furniture, Inc. report treasury s as of December 31, 2016? tock on its balance sheet

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