Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Michaels Plumbing Company has the following transactions for the year a. December 1 Issued capital stock for $50,000 to start plumbing business. b. December 1 - Paid gas expense $500. c. December 1 - Paid one year insurance premium costing $3,600. d. December 2 - Received $3,000 for job to install plumbing system in January next year. e. December 8 â Plumbing repairs for three houses totaling $15,000 and billed customers. f. December 10 - Purchased equipment costing $8,400 on credit. g. December 12 - Purchased supplies costing $900 on credit. h. December 23 Plumbing services completed and billed to customers for $1,500. i. December 24 - Paid for equipment purchased on December 10th. j. December 28 - Received $2,000 for the repairs done on December 8th. k. December 31 - Paid a $1,000 dividend.
Required:
Prepare a Post-Closing Trial Balance.
Each $1,000 bond is convertible into 20 shares of preferred stock of par value of $50 per share. All bonds are converted into preferred stock. Assuming that the book value method was used, what entry would be made?
Prepare the journal entries to record the issuance of bonds with stock warrants and exercise of the stock warrants.
a) Journalize the transaction, events, and closing entries b) Enter the beginning balances in the accounts, and post to the stockholders' equity accounts c) Prepare a retained earnings statement for the year d) Prepare a stockholders' equity section ..
on september 17 2013 ziltech inc. entered into an agreement to sell one of its divisions that qualifies as a component
Mark hopes to earn a return of 10 percent on such investments. What is the present value of the retreading operation? Should Mark purchase the retreading machine?
how does the amortization of the principal balance affect the amount of interest expense recorded each succeeding
Calculate the predetermined overhead rate, calculate the overhead applied and determine the amount of overhead
No election is made to use the straight-line method. The company does not make the § 179 election. Determine the total deductions in calculating taxable income related to the machines for 2010.
Which of the following combinations of accounting practices will lead to the highest reported earnings in an inflationary environment?
Assume the following information was available for the current year's operations of the shoe company founded by Blake Mycoskie, TOMS. Use these data to calculate the cash paid for merchandise.
nbspgco rents dvds and dvd players players on a short term basis to airline passengers through nbsplocations at every
Prepare the operating activities section of the business statement of cash flows for the year ended June 30, 2012, using the direct method.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd