Rodriguez corporation issues

Assignment Help Accounting Basics
Reference no: EM13511475

Rodriguez corporation issues 19000 shares of its common stock for $152,000 cash on february 20. prepare journal entries to record this event under each of the following separate situations
1. the stock has a @dollar value
2. the stock has neither par nor stated value.
3. the stock has a $5 stated value

Reference no: EM13511475

Questions Cloud

Transactions occur during the month of july. : Transactions occur during the month of July.
Determine the final velocity of the other puck : Consider the collision between two hockey pucks in the figure below. They do not stick together. Their speeds before the collision are v1i = 27 m/s and v2i = 14 m/s. What is the final velocity of the other puck
Calculate hungryman''s preadjustment balance in accounts : Calculate Hungryman's preadjustment balance in accounts receivable on December 31, 2009.
Explain intuitive knowledge of chemistry and physics : Based on your intuitive knowledge of chemistry and physics, suggest WHY rubber is an elastomer @ room temperature but glass is not.
Rodriguez corporation issues : Rodriguez corporation issues 19000 shares of its common stock for $152,000 cash on february 20. prepare journal entries to record this event under each of the following separate situations
What is the speed of the lighter skater : Two ice skaters face each other, one is 100 kg and the other is 50 kg. They push against each other's palms and move apart. What is the speed of the lighter skater
Explain what is the theoretical yield for the reaction : 1.91 g H2 is allowed to react with 10.2 g N2, producing 1.17 g NH3. (a) What is the theoretical yield for this reaction under the given conditions. (b) What is the percent yield for this reaction under the given conditions
Case study - stonewall industries limited : What alternatives should the company explore prior to making its downsizing decision - which plant should the company downsize?
How fast are you going when your wheels are turning : Your car's speedometer works in much the same way as its odometer, except that it converts the angular speed of the wheels to a linear speed of the car, How fast are you going when your wheels are turning at 520 rpm

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the net benefit of outsourcing the bookkeeping

There is a general practitioner whose offices are located in the South Falls Professional Building.

  Make journal entries for the transactions

Prepare journal entries for the following transactions - Sold all inventory for $56,000 cash.

  A welding company specializing in underwater projects has

1 a bottled gas company has 500000 common shares authorized 400000 common shares issued and 15000 common shares in

  Amount deducted for lease expense

The terms of the lease require the taxpayer to pay $1,000 a month. Based on the value of the automobile, the inclusion amounts for 2008, 2009, and 2010 are $313, $590, and $602, respectively. If the taxpayer uses the car 70% for business, what net..

  Assume the same facts as those assumed for part a except

in 2013 chirac enterprises issued at par 75 1020 7 bonds each convertible into 110 shares of common stock. chirac had

  Accounts payable account-inventory purchase

Kristen Montana operates a retail clothing operation. She purchases all merchandise inventory on credit and uses a periodic inventory system. The accounts payable account is used for recording inventory purchases only; all other current liabilitie..

  Current distributions problem

Lisa has a $25,000 basis in her partnership interest before receiving a current distribution of $4,000 cash and land with a $30,000 FMV and $14,000 basis to the partnership.

  What was the retained earnings on its balance sheet

After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $846,972, what was the retained earnings on its balance sheet on July 1, 2010?

  How many minutes of milling machine time would be required

crane company makes four products in a single facility. data concerning these products appear belowproductnbspnbsp

  Journal entry to record independent transaction

Prepare the journal entry to record each of the following independent transaction. (Use the number of the transaction in lieu of a date for identification purposes.)

  What is the variable overhead spending variance

The following standards for variable manufacturing overhead have been established for a company that makes only one product. Hours worked were 2,600. Variable overhead cost was $31,330 and 400 units were produced. What is the variable overhead spe..

  How management can engage in "real"

1. Give three examples of how management can engage in "real" earnings management to achieve the desired reporting of higher net income. 2. Profiles Corp. had the following infrequent income statement items during 2009:

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!

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