User Account

All Pages

Dakota equipment inc issued 4000 shares of its 1 par value

Assignment Help Accounting Basics
Reference no: EM13609667

Dakota Equipment, Inc issued 4,000 shares of its $1 par value common stock for $20 per share on January 1, 2008. On the same day, the company purchased a piece of land valued at $11,000 and a building valued at $50,000. The yearly depreciation on the building is $3,000.

Required: Prepare the general journal entries to record the stock issue and the purchase of the land and building on January 1 and the depreciation expense on December 31, 2008.

Reference no: EM13609667

Questions Cloud

Packard company has the following opening account balances : packard company has the following opening account balances in its general and subsidiary ledgers on january 1 and uses
The 70-year long-term record for weather shows that for new : the 70-year long-term record for weather shows that for new york state the annual precipitation has a mean of 39.81
The top surface of the oil in the manometer is even with : a closed tank has an enclosed airspace above the surface of water which fills the tank to a depth of something over a
At the beginning of the year uptown athletic had an : at the beginning of the year uptown athletic had an inventory of 400000. during the year the company purchased goods
Dakota equipment inc issued 4000 shares of its 1 par value : dakota equipment inc issued 4000 shares of its 1 par value common stock for 20 per share on january 1 2008. on the same
Assuming the amount of fill is normally distributed what is : a brewerys filling machine is adjusted to fill bottles with a mean of 31.2 oz. of ale and a variance of 0.003.
What is the ratio of the two weights assume that the earth : the earth spins about its own axis at an angular velocity omega. imagine an experiment where an object of mass m kg is
The preparation of the statement of cash flows under the : 1 when the operating activities section of the statement of cash flows is reported using the direct method the fasb
The retarding force due to the fluid is proportional to the : a pendulum consisting of a bob of mass m is suspended from a massless inextensible string of length l in a viscous

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amount of dividends received by common stockholders

Manner inc. has 15000 shares of 6%, $100 par value, noncumulative preferred stock and 30,00 shares of $1 par value common stock outstanding at december 31, 2011. there were no dividends declared in 2010. The board of directors declares and pays a ..

  If the company transferred 234000 of completed goods from

nadell corporation reported the following data for the month of april inventories beginning ending raw materials 30000

  In 2004 roland who is single purchased a personal residence

in 2004 roland who is single purchased a personal residence for 340000 and took out a mortgage of 200000 on the

  Nicole mackisey is thinking of forming her own spa business

nicole mackisey is thinking of forming her own spa business nicoles getaway spa ngs. nicole expects that she and two

  Given bank rec info you will be asked to answer questions

what is involved in preparing a bank rec? how do deposits in transit affect a bank rec? how do nsf checks affect a bank

  The residual interest in a corporation belongs to

the residual interest in a corporation belongs to thea.management.b.creditors.c.common stockholders.d.preferred

  Flagg industries reported the following data for the year

flagg industries reported the following data for the year just ended sales revenue 800000 cost of goods manufactured

  Sabranes-oxley regulations have given the securites and

sabranes-oxley regulations have given the securites and exchange commission new powers. list these guidelines and

  In industries that process joint products the costs of the

in industries that process joint products the costs of the raw materials inputs and the sales values of intermediate

  Red skies equipment company uses the aging approach to

red skies equipment company uses the aging approach to estimate bad debt expense at the end of each accounting year.

  Without regard to your answer in 2 above assume

wilkins manufacturing uses a job order cost accounting system. on december 1 the company has a balance in work in

  Burke interior decorators issued a 60-day 9 note for 15000

burke interior decorators issued a 60-day 9 note for 15000 dated march 3 to loree fur- niture company on

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