{"id":51175,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/this-is-the-question-boron-company-is-authorized-to-issue-50000-shares-of-50-par-value-8-cumulative-fully-participating-preferred"},"modified":"2017-08-16T12:33:27","modified_gmt":"2017-08-16T12:33:27","slug":"this-is-the-question-boron-company-is-authorized-to-issue-50000-shares-of-50-par-value-8-cumulative-fully-participating-preferred","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/this-is-the-question-boron-company-is-authorized-to-issue-50000-shares-of-50-par-value-8-cumulative-fully-participating-preferred\/","title":{"rendered":"This is the question: Boron Company is authorized to issue 50,000 shares of $50 par value, 8% cumulative, fully participating preferred&#8230;"},"content":{"rendered":"<p>This is the question:<\/p>\n<p>Boron Company is authorized to issue 50,000 shares of $50 par value, 8% cumulative, fully participating preferred stock, and 750,000 shares of $5 par value common stock.<\/p>\n<p>prepare journal entries to record the following selected transaction that occurred during the company &#8216;s first year of operations:<\/p>\n<p>May 5: Exchanged 2,200 shared of preferred stock for a building with a market value of $135,000.<\/p>\n<p>July 20: Sold 1,550 shares of preferred stock for $50 cash per share.<\/p>\n<p>Dec. 20 Sold 1,000 shares of preferred stock at $52 cash per share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the question: Boron Company is authorized to issue 50,000 shares of $50 par value, 8% cumulative, fully participating preferred stock, and 750,000 shares of $5 par value common stock. prepare journal entries to record the following selected transaction <a href=\"https:\/\/www.benedictsol.com\/blogs\/this-is-the-question-boron-company-is-authorized-to-issue-50000-shares-of-50-par-value-8-cumulative-fully-participating-preferred\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-51175","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/51175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=51175"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/51175\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=51175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=51175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=51175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}