User Account

All Pages

Journalize the transactions

Assignment Help Accounting Basics
Reference no: EM132201910

Question - During its first year of operations, Flounder Corp. had these transactions pertaining to its common stock.

Jan. 10 Issued 25,500 shares for cash at $6 per share.

July 1 Issued 52,500 shares for cash at $8 per share.

(a) Journalize the transactions, assuming that the common stock has a par value of $6 per share.

(b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share.

Reference no: EM132201910

Questions Cloud

Current stevedore companies were automatically renewed : Instead, the licenses of current stevedore companies were automatically renewed while those of new applicants were automatically rejected.
Prepare operating activities section of cash flows statement : Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2017, for Sage Company, using the indirect method
Prepare all adjusting entries at december : Sept. 1 Purchased a small company and recorded goodwill of $151,550. Its useful life is indefinite. Prepare all adjusting entries at December
What is the average price of ordinary shares issued : What is the average price of ordinary shares issued and subscribed? How many preference shares were issued
Journalize the transactions : July 1 Issued 52,500 shares for cash at $8 per share. Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share
Undertake pestel analysis of the zambian market : Undertake a PESTEL analysis of the Zambian market, identifying from the analysis the key opportunities and threats for Healthier Foods Inc.
Foxconn employee level of job satisfaction : Which of the following is not one of the job facets that value percept theory suggests will influence a FoxConn employee’s level of job satisfaction?
Explain direct and indirect methods of calculating cash flow : Question - Explain the direct method and indirect methods of calculating cash flows? Are they different and if so how
Overseeing the ethical policies in the organisation : The role and responsibility of a company’s board of directors in overseeing the ethical policies in the organisation.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd