User Account

All Pages

Prepare the entry for the issuance under the assumptions

Assignment Help Accounting Basics
Reference no: EM13526362

Prepare the entry for the issuance under the following assumptions.

a. The stock had a par value of $5 per share and was issued for a total of $52,000. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

b. The stock had a stated value of $5 per share and was issued for a total of $52,000. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

c. The stock had no par or stated value and was issued for a total of $52,000.

d. The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $52,000. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

e. The stock had a par value of $5 per share and was issued for land worth $52,000. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

Reference no: EM13526362

Questions Cloud

Book sliding at constant speed on the same desk explain : A horizontal force of 2 N does nothing to move a large book along a desk, but a force of 1.8 N can keep the book sliding at constant speed on the same desk. Explain
Determine deer parks net income for 2011 : Determine Deer Park's net income for 2011 and prepare a balance sheet for Deer Park as of December 31, 2011.
Explain the total pressure in flask 20.0 degrees celcius : What is the total pressure (in atm) in a 15.0 L flask 20.0 degrees celcius, which contains 0.127 moles of H2 and 0.288 moles of N2?
How many revolutions did the child make around : How many revolutions did the child make around
Prepare the entry for the issuance under the assumptions : Prepare the entry for the issuance under the assumptions - The stock had a par value of $5 per share and was issued for land worth $52,000
What is the kangaroos horizontal speed : A gray kangaroo can bound across a flat stretch of ground with each jump carrying it 9.0m from the takeoff point. What is the Kangaroos horizontal speed
Explain the highest ph value : Which of the following solutions would have the highest pH value. Assume that they are all initially 0.10 M concentrations of weak acid at 25 degree C.
Find the magnitude of the normal force that the ground exert : A woman at an airport is towing her 23.5-kg suitcase at constant speed by pulling on a strap at an angle ? above the horizontal. What is the magnitude of the normal force that the ground exerts on the suitcase
Determine ending inventory under perpetual inventory system : Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO and which costing method produces the highest ending inventory valuation?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are some typical types of transactions

What are some typical types of transactions that appear in the financing section of the statement of cash flows?

  Auditors responsibility for internal control

The Sarbanes Oxley Act of 2002 had a profound impact on management and auditors' responsibility for internal control. Please let us know how things changes for both management and auditors after the passage of Sarbanes Oxley as it relates to inter..

  Data of company manufacturing overhead account

Hults Corporation has provided data regarding the company's Manufacturing Overhead account for month of November.

  Give the journal entry made on sears

Sears collected $57000 from the issuance of bonds with a face value of $50000. A portion of the cash receivable, $2000 was accrued interest. give the journal entry made on sears book to account the issuance of the bonds.

  Monthly unit sales volume

Camden Metal Co. makes a single product that sells for $84,000 per unit. Variable costs are $54.00 per unit, and fixed costs total $120,000 per month.

  Make summary journal entries related to sale collections

at the beginning of 2012 ez tech companys account receivable balance was 140000 and the balance in allowance for

  What is the periodic payment

Periodic Payment. Assume the same information as in Problem 13.6, except that now the annual payments are to be made at the beginning of the year. What is the periodic payment?

  Describe the apparent differences in the order of

air france-klm af a french company prepares its financial according to international financial reporting standards. afs

  Adjusting entry include a credit to allowance account

Chen Company's account balances at December 31, 2007 for Accounts Receivable and the Allowance for Doubtful Accounts are $320,000 debit and $600 credit. Sales during 2007 were $900,000. It is estimated that 1% of sales will be uncollectible. The a..

  Company lobbied against requirments

Coca cola Amatil conducted a campaign against Australia's adoption of IFRSs in 2004. The company lobbied against requirments that meant coca cola Amatil's balance sheet values would have to be written down by as much as $ 1.9 billion.

  Te following is an example of cash amount 300000 60

the following is an example of cash amount 300000 6.0 accounts receivable amount 500000 10.0 inventory amount 800000

  Journal entries of transactions involving the purchase

Assuming that the US Corp. has a December 31 year end, prepare the necessary journal entries to account for the series of transactions involving the purchase.

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