User Account

All Pages

Provide the journal entries to account

Assignment Help Accounting Basics
Reference no: EM132626848

Question - On 1 July 2019, Coastalwatch Ltd issued 5 million shares at $5.00 each. All the shares were subscribed for. Coastalwatch Ltd incurred the following costs that were associated with the share issue:

Advertising of share issue and prospectus 10 000

Accounting fees associated with drafting of prospectus 4000

Legal expenses associated with share issue 5000

Required - Provide the journal entries to account for the receipt of the application monies and the subsequent allotment of the shares.

Reference no: EM132626848

Questions Cloud

Identify and explain three or more possible cost drivers : Identify and explain three or more possible cost drivers for (i) rentals and landing fees cost and (ii) fuel cost
Required after-tax refunding investment outlay : Refer to the data for NorthWest Water (NWW). What is the required after-tax refunding investment outlay, i.e., the cash outlay at the time of the refunding?
Different options for testing blockchain applications : The author discusses different options for testing blockchain applications. For our course, we have chosen to use Ganache,
Difference between the projected roes under the restricted : In this situation, what's the difference between the projected ROEs under the restricted and relaxed policies?
Provide the journal entries to account : Required - Provide the journal entries to account for the receipt of the application monies and the subsequent allotment of the shares
What is the nal-carmichael cleaners : Carmichael Cleaners needs a new steam finishing machine that costs $100,000. The company is evaluating whether it should lease or purchase the machine.
Make the schedule of distribution of partnership profit : Salaries of P7,200 for AA, P6,000 for BB, and P6,800 for CC. Make the schedule of distribution of partnership profit or loss
Best estimate of the stock value : Build a sensitivity table to show what happens to your estimate for the following PE ratios: 20, 22, 24, 26, 28.
The vast majority of population associates blockchain : The vast majority of the population associates Blockchain with cryptocurrency Bitcoin; however, there are many other uses of blockchain;

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