Prepare the journal entries for the original purchase

Assignment Help Accounting Basics
Reference no: EM13534064

Stock transactions

On August 15, 1,600 shares of Birch Company are acquired at a price of $44 per share plus a $160 brokerage fee. On September 10, a $0.75-per-share dividend was received on the Birch Company stock. On October 5, 500 shares of the Birch Company stock were sold for $35 per share less a $50 brokerage fee. Prepare the journal entries for the original purchase, dividend, and sale.

Reference no: EM13534064

Questions Cloud

Ring strain decreases with the increased number of carboins : Explain Why In cycloalkanes, ring strain decreases with the increased number of carbons, yet the most abundant rings in nature are five and six membered rings.
Compute what is the total mechanical energy of the system : A pendulum consists of a 4.0 kg stone swinging on a 4.4 m string of negligible mass. The stone has a speed of 7.5 m/s when it passes its lowest point. what is the total mechanical energy of the system
Equity method - prepare the entries for bassett company : Prepare the entries for Bassett Company for the purchase of the stock, share of Nassim income, and dividends received from Nassim Company.
Enzymes secreted by the pancreas : Enzymes secreted by the pancreas are involved in all of the following digestive reactions with one exception. What is the exception?
Prepare the journal entries for the original purchase : On October 5, 500 shares of the Birch Company stock were sold for $35 per share less a $50 brokerage fee. Prepare the journal entries for the original purchase, dividend, and sale.
What is the balls velocity at the bottom of the hill : a ball is pushed with an initial velocity of 6 m/s. the ball rolls down a hill with a constant acceleration of 2 m/s^2. what is the balls velocity at the bottom of the hill
Meiotic divsion differs from mitosis : Meiotic divsion differs from Mitosis in the following way
Equity method - dividends received from first alert company : Prepare the entries for THT Company for the purchase of the stock, share of First Alert income, and dividends received from First Alert Company.
What is the speed of the car relative to the ground : A 40ton rail car and a 80ton rail car, initially at rest, are connected together with a giant but massless compressed spring between them. When released, What is the speed of the 40ton car relative to the ground

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.

  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!

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