Journalize the transaction of february and march

Assignment Help Accounting Basics
Reference no: EM132043187

Question - On February 1, marine company reacquired 7500 shares of its common stock at $30 per share. On March 15, marine sold 4500 of the reacquired shares at $34 per share. On June 2, marine sold the remaining shares at $28 per share.

Journalize the transaction of February 1, March 15, June 2?

Reference no: EM132043187

Questions Cloud

Why is it important to study the internal resources : Why is it important to study the internal resources, capabilities, and activities of firms? What insights can be gained?
How many units should the company produce during may : The production budget shows that expected unit sales are 86,000 for May and 87,000 for June. How many units should the company produce during May
What was it about its unique selling proposition : The concept of integrated marketing communications is more than just putting together good ad campaigns.
Determine the dividends per share for preferred stock : Sabas company has 20000 shares of $100 par, 2% cumulative preferred stock. Determine the dividends per share for preferred and common stock
Journalize the transaction of february and march : On February 1, marine company reacquired 7500 shares of its common stock at $30 per share. Journalize the transaction of February 1, March 15, June 2
Can innovation be used to attract talents : We have discussed the importance of innovation for company growth. What about recruiting and retaining employees/talents within the company?
What corporate social responsibility theory would operating : The traditional view of corporate responsibility is that a corporation has no additional social responsibility beyond making a profit for its shareholders.
How much money would bob have today : His beginning investment was $10000 and at the end of every year he invested $1000. How much money would Bob have today
Prepare the journal entries necessary for recording : The carpet is estimated to have a 15-year useful life, Prepare the journal entries necessary for recording the purchase of the new carpet

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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