User Account

All Pages

Journalize the transactions for patrick corporation

Assignment Help Accounting Basics
Reference no: EM132425716

Question - Patrick Corporation is authorized to issue 1,000,000 shares of $1 par value common stock.

During 2010, the company has the following stock transactions.

Jan. 15 Issued 500,000 shares of stock at $7 per share.

Sept. 5 Purchased 20,000 shares of common stock for the treasury at $8 per share.

Dec. 6 Declared a $0.50 per share dividend to stockholders of record on December 20, payable January 3, 2011.

Journalize the transactions for Patrick Corporation. Explain each journalized transaction in words.

Reference no: EM132425716

Questions Cloud

Post description of forensic psychology professional roles : Post a brief description of two forensic psychology professional roles. Then, analyze the impact of each role in both an internal context.
Prepare the journal entries to record the stock transactions : Purchased 500 shares of treasury common stock for $12,000. Prepare the journal entries to record the above stock transactions
Economic impact and future political ramifications : The paper will address the current pitfalls associated with this topic and your recommendations on how to rectify the situation.
Movement appeal to people and cause : What made the leaders of the movement appeal to people and their cause? Be sure to cite your sources.
Journalize the transactions for patrick corporation : Patrick Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. Journalize the transactions for Patrick Corporation
How are four type of capital identified by roche employed : How might your organization's current business model/operations be adapted to better more effectively operate according to principles of mutuality?
Distinct examples of art from the entire course : We have been examining art across cultures and time periods. Pick 3 different and distinct examples of art from the entire course
Describe the radiological or nuclear incident : Describe the radiological or nuclear incident and where it took place.
Compute the amount that alexander company received : If Alexander Company uses the gross method and a perpetual inventory system. Compute the amount that Alexander Company received on August 19

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd