Solution-Record the two events in general journal format

Record the two events in general journal format

Reference no: EM13915891

Moore Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month later Moore resold 2,500 shares of the treasury stock for $35 per share.

Required :

a. Record the two events in general journal format.

b. What is the balance of the treasury stock account after these transactions?

Reference no: EM13915891

Questions Cloud

Selling costs present value of future cash flows summation : Remaining life Original cost Accumu. Amorti.* Fair value Selling costs Present value of future cash flows Summation of future, undiscounted cash flows Patent 10 years $200,000 $100,000 $80,000 $2,000 $85,000 $95,000 Trademark Indefinite $250,000 - $2..

Amount is fixed salaries : The firm has normal monthly fixed costs of $90,000 ($38,000 of this amount is fixed salaries). The firm's variable cost ratio averages 60%. The firm operates 3 stores in the mid-Atlantic region

Break even point units : What is the number of units of each product that must be sold for Hog town to achieve its breakeven point:Break-even point units

New capital assets : For proper controls over PP&E, what should be in place for acquiring new capital assets

Record the two events in general journal format : Moore Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month later Moore resold 2,500 shares of the treasury stock for $35 per share.

Analysis of variance to examine relationship : Since Variable 15 was determined to be categoric, regression was not appropriate to use; so I used Analysis of Variance (ANOVA) to examine if there was a significant relationship between Variable 8 and 15. The results (using Systat 13.0) are print..

Finished goods inventory : Finished goods inventory is maintained at a level equal to 10 percent of the next quarter's sales. Finished goods inventory at the end of the fourth quarter budget period is estimated to be 2,000 units.

Database and data warehousing design : This assignment consists of two (2) sections: a design document and a revised project plan. You must submit both sections as separate files for the completion of this assignment. Label each file name according to the section of the assignment it i..

Net asset value for the boston equity mutual fund : Calculating Net Asset Value. Given the information below, calculate the net asset value for the Boston Equity mutual fund.

User Account

All Pages

Record the two events in general journal format

Reference no: EM13915891

Reference no: EM13915891

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT