User Account

All Pages

Prepare the entry to record the sale for cash

Assignment Help Accounting Basics
Reference no: EM132559016

Question - Your company is authorized to issue 15,000 no par value common shares and 5,000 no par value preferred shares. On January 16, 2020, the corporation sold 100 common shares and 150 preferred shares for a lump sum of $ 100,000. The common were selling at $ 75 and the preferred at $ 100.

Required - Using the relative fair value method, prepare the entry to record the sale for cash. Show calculations.

Reference no: EM132559016

Questions Cloud

Find the firm break-even point in units was : Firm's only product was $65, and the variable costs per unit were 40% of the selling price. Based on this information, the firm's break-even point in units was
Percentage mark-up and margin of this weber gas grill : What will be the optimal price, the dollar margin, the percentage mark-up and (percentage) margin of this Weber gas grill.
Prepare the journal entries to record the events : An ESOP under which employees may purchase shares of the company for $ 20 per share was established. Prepare the journal entries to record the events
Find what the degree of operating leverage is : Morse Company reports total contribution margin of $82,010 and pretax net income of $13,900 for the current month. What The degree of operating leverage is
Prepare the entry to record the sale for cash : The corporation sold 100 common shares and 150 preferred shares for a lump sum of $ 100,000. Prepare the entry to record the sale for cash
What commission c should : Suppose you have hired a new worker, unfortunately you do not know if the worker is a shirker or a hard worker.
Server virtualization : Explain Windows Azure capabilities for virtual machines and managing hybrid cloud, including Windows Azure's Internet as Service (IaaS) and storage capabilities
Prepare the cash budget with supporting schedules : Prepare the Cash Budget with supporting schedules for cash collections and cash disbursements for the FIRST QUARTER ONLY.
How much is the taxable income : Jacob was an OFW employed by I-Tech Corporation in the USA. Jacob retired. How much is the taxable income

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