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Question - Self- Defense Schools, Inc. is authorized to issue 200,000 shares of $5 par common stock. The company issued 80,000 shares at $6 per share. When the market price of common stock was $8 per share, Self- Defense declared and distributed a 15% stock dividend. Later, Self-Defense declared and paid a $0.20 per share cash dividend.
1) Journalize the declaration and distribution of the stock dividend.
2) Journalize the declaration and payment of the cash dividend.
Wecker Company's year-end unadjusted trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit), and sales of $270,000. Uncollectibles are estimated to be 1.5% of accounts receivable. a) Prepare the Decemb..
The straight-line method is used to allocate interest expense. What total amount of bond interest expense will be recognized over the life of these bonds
Describe the differences in the following three types of processing Batch processing Online processingReal time processing
Determine the predetermined overhead rate for year 2011. (Omit the "%" sign in your response.) Predetermined overhead rate %. Determine the total overhead cost applied to each of the six jobs during year 2011. (Omit the "$" sign in your response.) De..
The stock's closing price at the end of the first day is $84. What is the total cost to the firm of issuing the securities?
She located a home and moved into it in April. Margaret's employer reimbursed her for all direct costs of moving to Atlanta in addition to the cost of the house-hunting trip.
How do you think the value of these brands is reported on the appropriate company's balance sheet?
pam owns a sole proprietorship and kevin is the sole shareholder of a c regular corporation. each business sustained a
The earnings, dividends, and stock price of Carpetto Technologies Inc. are expected to grow at 7 percent per year in the future. Carpetto's common stock sells.
The Tate Company began 2010 with a Retained Earnings account balance of $180,000. During 2010, the following eight events occurred and were properly recorded by the company:
Prepare the adjusting entries on January 31. Omit explanations. For each journal entry write Dr. for debit and Cr. for credit
Prepare a sales budget.
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