During its first year of operations rosa corp has these

Assignment Help Accounting Basics
Reference no: EM13591914

During it's first year of operations, Rosa Corp has these transactions pertaining to its common stock.

  • Jan. 10 Issued 30,000 shares for cash at $5 per share
  • July 1 Issued 60,000 shares for cash at $7 per share

1. Journalize the transactions, assuming that the common stock has a par value of $5 per share

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

Reference no: EM13591914

Questions Cloud

Duncan company records all prepayments in income statement : duncan company records all prepayments in income statement accounts. at april 30 the trial balance shows supplies
William severs has been the manager for two years of the : william severs has been the manager for two years of the production department of a company manufacturing toys made of
The designers have two options one tanks is 42l in size and : question an experimental car uses hydrogen as fuel and the tank that can hold gaseous hydrogen. the designers have two
Ose contreras is the new owner of curveball computer : ose contreras is the new owner of curveball computer services. at the end of july 2012 his first month of ownership
During its first year of operations rosa corp has these : during its first year of operations rosa corp has these transactions pertaining to its common stock.jan. 10 issued
Compute the break-even point for the extravaganza in terms : chi omega sorority is planning its annual riverboat extravaganza. the extravaganza committee has assembled the
A 0421 g sample of aspirin prepared in the laboratory is : a 0.421 g sample of aspirin prepared in the laboratory is dissolved in 95 ethanol diluted with water and titrated to a
Dan and cheryl are married file a joint return and have no : dan and cheryl are married file a joint return and have no children. dan is a pharmaceutical salesman and cheryl is a
Using the high-low method estimate a cost formula for : amfac company manufactures a single product. the company keeps careful records of manufacturing activities from which

Reviews

Write a Review

Accounting Basics Questions & Answers

  Market price of a company common stock

An increase in the market price of a company's common stock will immediately affect its:

  Question san jose company issued 5-year 200000 face value

question san jose company issued 5-year 200000 face value bonds at 105 on january 1 2012. the stated interest rate on

  Boiler bakeries borrowed money from lafayette savings bank

boiler bakeries borrowed money from lafayette savings bank. the note that boiler signed requires 6 annual payments fo

  Determining the completion of accounting cycle

What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle?

  The company allocates building maintenance cost on the

martinez inc. has tow separate departments human resources and building maintenance and two production departments. the

  What are the ethical considerations

Who will suffer negative effects if you do not comply with Gena Schmitt's instructions? Who will suffer if you do comply? What are the ethical considerations in this case? What alternatives do you have?

  The marinade department began the period with 125000 units

the marinade department began the period with 125000 units. during the period the department received another 180000

  Industries of selected securities

Recognize the industries of your six selected securities. (including BONDS)

  Privilege against self-incrimination

Paul-Weiss, which had received copies of these documents from its client, refused to produce them, arguing that it was exempted from doing so by Doe's privilege against self-incrimination. Was Paul-Weiss correct in its assertion?

  The expected gross profit rate is 40 and the inventory at

the expected gross profit rate is 40 and the inventory at the end of february was 10000. desired inventory levels at

  Our company bought a 30-second advertisement that aired

our company bought a 30-second advertisement that aired during the super bowl at a cost of 1.2 million. it is legally

  Analyse the variance into capacity and expenditure

fixed overhead 72 000 variable overhead 3 per direct labour hour budgeted direct labour hours 15 000the actual fixed

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