Stein company had the following transactions pertaining to

Assignment Help Accounting Basics

Reference no: EM13593261

Stein Company had the following transactions pertaining to its short-term stock investments. Stein owns more than 20% of the Pine Company stock and has significant influence in decision-making.

Purchased 50,000 shares of Pine Company stock as an investment for $499,750 cash plus brokerage fees of $250. Received cash dividends of $0.25 per share on the Pine Company stock investment. Sold 2,000 shares of the Pine Company stock investment for $220,100 less brokerage fees of $100.

Instructions: Journalize the transctions.

Reference no: EM13593261

Questions Cloud

Te maximum charge on the capacitor is 45mc during : in an lc circuit containing a 40-mh ideal inductor and a 1.2-mf capacitor the maximum charge on the capacitor is 45mc

Caballero manufacturing incurs unit costs of 15 10 variable : caballero manufacturing incurs unit costs of 15 10 variable and 5 fixed in making a sub-assembly part for its finished

Cosmo corporation is projecting a cash balance of 32785 in : cosmo corporation is projecting a cash balance of 32785 in its december 31 2013 balance sheet. cosmo schedule of

The number of musicians who can play the guitar alone is 40 : out of a total of 120 musicians in a club 5 can play all the three instruments- guitar violin and flute. it so happens

Stein company had the following transactions pertaining to : stein company had the following transactions pertaining to its short-term stock investments. stein owns more than 20 of

An uncharged 10-muf capacitor is connected in series with a : an uncharged 1.0-muf capacitor is connected in series with a 23-komega resistor an ideal 7.0-v battery and an open

Te ccl4 formed in the first step is used as a reactant in : each step in the process has a 60 yield. ch4 4 cl2 ----gt ccl 4hcl ccl4 2hf ---gt ccl2f2 2hclthe ccl4 formed in the

In flagg company net income is 280000 if accounts : in flagg company net income is 280000. if accounts receivable increased 145000 and accounts payable decreased 50000 net

Bria clothing store had a balance in the accounts : bria clothing store had a balance in the accounts receivable account of 920000 at the beginning of the year and a

User Account

All Pages