User Account

All Pages

On january 1 vanessa corporation had 60900 shares of no-par

Assignment Help Accounting Basics
Reference no: EM13573901

On January 1, Vanessa Corporation had 60,900 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.

Apr. 1
Issued 18,000 additional shares of common stock for $12 per share.
June 15
Declared a cash dividend of $1.70 per share to stockholders of record on June 30.
July 10
Paid the $1.70 cash dividend.
Dec. 1
Issued 7,160 additional shares of common stock for $12 per share.
Dec. 15
Declared a cash dividend on outstanding shares of $2.00 per share to stockholders of record on December 31.
(a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit
pixel.gif

pixel.gif

pixel.gif

pixel.gif

pixel.gif

pixel.gif

pixel.gif
pixel.gif

pixel.gif

pixel.gif

pixel.gif

pixel.gif

pixel.gif

pixel.gif
pixel.gif

pixel.gif

pixel.gif

pixel.gif

pixel.gif

pixel.gif

pixel.gif

Reference no: EM13573901

Questions Cloud

The conversion ratio is 15 the market price of the stock is : call price. drake corporations convertible bond has a conversion price of 90. the conversion ratio is 15. the market
What can you do if there is a negative relationship between : dunn and kendrick did a study showing that the way children initially respond to a new baby in the family determines
Discuss four characteristics of the convertible debenture : attractiveness of convertible debenture. great northern oil shale company is a company actively engaged in the oil
Modern era for the final part of the personal connections : modern era for the final part of the personal connections essay. choose piece that speak to you in some way and that
On january 1 vanessa corporation had 60900 shares of no-par : on january 1 vanessa corporation had 60900 shares of no-par common stock issued and outstanding. the stock has a stated
Wat is the approximate market price of common stock if : market price of stock. for a 1000 convertible bond the conversion price is 50. the call price is 1200.a if the
In a certain game if 2 wixsomes are worth 3 changs and 4 : in a certain game if 2 wixsomes are worth 3 changs and 4 changs are worth 1 plut then 6 plutes are worth how many
Compare and contrast the tax advantages accurring to : compare and contrast the tax advantages accurring to employers from the establishment of a qualified pension or
Ifrs excludes subsidiaries acquired for disposal within one : how does u.s. gaap differ from ifrs with respect to presenting consolidated financial statements?a u.s. gaap requires

Reviews

Write a Review

Accounting Basics Questions & Answers

  Estimated total factory overhead costs

Poobah Manufacturers Inc. has estimated total factory overhead costs of $95,000 and 10,000 direct labor hours for the current fiscal year. If job number 117 incurred 1,600 direct labor hours, the work in process account will be debited and factory..

  Compute cost of goods manufactured

Work-in-process inventory was $12,000 at January 1 and $15,500at December 31. Compute cost of goods manufactured.

  Paid back 10 of its long-term debt received 25000 for the

lobnitz service companys balance sheet as of 01-01-11 is presented below 01-01-11 current assets cash 400000 accounts

  States income from the redemption

which has very large E&P, distributes $540,000 in redemption of 300 shares of XYZ Company stock from Ed's estate. What is the estate's income from the redemption?

  Social security and medicare

Lana Powell has cumulative earnings of $106,700 at the end of September. In the 1st week in October she earns $2,000. The amount deducted for Social Security and Medicare from her check is: (Assume Social Security rate of 6.2% on $106,800 and Medi..

  Shin company sells one product presented below is

shin company sells one product. presented below is information for january for shin company.jan. 1 inventory 300 units

  What is the lowest selling price per unit that could be

the cabinet shoppe is considering the addition of a new line of kitchen cabinets to its current product lines. expected

  Appropriate assumptions about cost behavior

For this information, make appropriate assumptions about cost behavior and assume that direct labor costs vary directly with thenumber of units produced. How many units must the company sell inorder to earn a pretax profit of $500,000?

  Compute working capital and the current ratio

To what extent was Dumaine Equip co able to show a morefavorable balance sheet at Dec 31 by holding its cash bookopen?

  Find rate of annual depreciation using diminishing balance

The total cost of a fleet of lorries is $ 180,00 and the residual value after five years is $20,00. Using the diminishing balance method find the rate of annual depreciation?

  Respect to conversion costs

Ending inventory consisted of 5,000 units which were 80% complete with respect to materials and 60% complete with respect to conversion costs.

  It is known that 60 of the depreciation relates to

jackson company applies overhead to products using direct labor hours as the activity level. during 2009 jackson

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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