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Fallow Co. had the following transactions during the current period. Mar. 2 Issued 5,900 shares of $6 par value common stock to attorneys in payment of a bill for $67,400 for services provided in helping the company to incorporate. June 12 Issued 58,400 shares of $6 par value common stock for cash of $864,400. July 11 Issued 2,900 shares of $100 par value preferred stock for cash at $140 per share. Nov. 28 Purchased 2,100 shares of treasury stock for $22,100. Journalize the transactions
in january 2013 mitzu co. pays 2600000 for a tract of land with two buildings on it. it plans to demolish building 1
Equipment costing $10,000 with accumulated depreciation of $7500 is traded for equipment priced at 17,000, minus a trade in allowance of 2,000. What is the new equipment recorded at?
An accountant for Jolley, Inc., a merchandising enterprise, has just finished posting all year-end adjusting entries to the ledger accounts and now wishes to close the appropriate account balances in preparation for the new period.
How can test be circumvented through either the structuring of the lease contract or interpretation of the test? What are other ways in which lease capitalization could be avoided through the structuring of lease terms or interpretation of the tes..
If the beginning balance in OAA is $3,900, and the following transactions occur, what is the ending OAA balance?
On January 1, 2009 Gucci Brothers Inc. started the year with a $500,000 credit balance in retained earnings and $600,000 balance in capital stock. During 2009, the company earned net income of $100,000, declared a dividend of $15,000, and issued m..
for the stamping department of a manufacturing firm the standard cost for direct labor is 12 per hour and the
Determine the amount of interest to be capitalized in 2010 in relation to the construction of the building.
martin hospital has overall variable cost of 20 of total revenue and fixed costs of 40 million per
spoiled baby corp spc sells baby buggies. you are the company accountant and have been faced with several decisions
seven enterprises is a large producer of gourmet per food. during april it produced 147 batches of puppy meal. each
Prepare pro forma consolidated worksheet. Prepare a pro forma consolidation worksheet for Parent, Inc. and its proposed subsidiary as of December 31, 2009.
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