Stock Issuance
The following transactions are for Weber Corporation in
2014
On March 1, the corporation was organized...
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Accounting
Stock Issuance
The following transactions are for Weber Corporation in2014
On March 1, the corporation was organized and receivedauthorization to issue 5,000 shares of 8%, $100 par value preferredstock and 2,000,000 shares of $10 par value common stock.
On March 10, Weber issued 5,000 shares of common stock at $35per share.
On March 18, Weber issued 100 shares of preferred stock at $120per share.
On April 12, Weber issued another 10,000 shares of common stockat $45 per share.
Required
Prepare the appropriate journal entries.
Prepare the Stockholders’ Equity section of the balance sheet asof December 31, 2014.
Does the balance sheet indicate the market value of the stock atyear-end? Explain.
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