What are the journal entries

Assignment Help Accounting Basics
Reference no: EM13126740

A company issues 5% stock dividends, 15,000 shares, $2.00 par value, initially stock was $12, but current trading value is $20, what are the journal entries?

Reference no: EM13126740

Questions Cloud

Properties of polynomials : What is degree of polynomial and is it a monomial, binomial or trinomial? Find the quotient and remainder
Value common stock issued and outstanding : Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock:
Illustrate what do you think will be the impact on fraudster : Illustrate what do you think will be the impact on the fraudster once this becomes known? How do you distinguish a revenue fraud from legal earnings management?
Find onfidence interval for true proportion-medical students : 30 said that they planned to work in a rural community. Find a 95% confidence interval for the true proportion of all medical students who plan to work in a rural community.
What are the journal entries : A company issues 5% stock dividends, 15,000 shares, $2.00 par value, initially stock was $12, but current trading value is $20, what are the journal entries?
Determining volume of ellipsoid : Find the volume of the ellipsoid generated by rotating around the x axis the region bounded by the ellipse with the equation (x/a)^2 + (y/b)^2 = 1
Find chance that jewelry store gets exactly two sets : A jewelry store orders five sets of earrings from this supplier. If the supplier selects the pairs of earrings at random, what is the chance that the jewelry store gets exactly two sets of platinum pairs?
Elimination for machine account as a result of transaction : What amount will be debited in the December 31, 2005 worksheet elimination for the machine account as a result fo this transaction?
Illustrate what is it about these two types of accounts : Among financial statement frauds, Revenue and Inventory accounts are the ones most often used to perpetrate fraud. Illustrate what is it about these two types of accounts that makes them more prone to fraud?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Issues or problems when determine the actual cost

Explain three issues or problems which a company could face when trying to find out the actual cost of the good or service which is to be used in the cost of goods sold.

  Balance sheet and income statement problem

Indicate the account names, amounts, and classifications of the items related to the premium plan that would appear on the BC Candy Company balance sheet and income statement at the end of 2010 and 2011.

  Realized gain on transaction

Alvin owned a building located in Kansas that he rented to a local business-Alvin built a new building at a cost of $400,000. What is Alvin’s realized gain (loss) on this transaction?

  Making journal entries for investments

Prepare journal entries for investments using the fair value and the equity method. How does it relate to the practice of accounting and its uses in business?

  Types of regulations requiring periodic reporting

What types of regulations requiring periodic reporting, both monetary and statistical, come along with the payroll function, and what are the reports required?

  Parent acquires the net operating loss carryover

The subsidiary has a net operating loss carryover of $400,000 generated four years ago. The parent acquires the net operating loss carryover.

  Maximum deductible contribution

Sidney purchased land in 2004 for $35,000 that she held as a capital asset. This year, she contributed the land to the Boy Scouts of America for use as a site for a summer camp. The market value of the land at the date of contribution is $40,000. ..

  Prepare journal entries for factoring accounts receivable

Prepare all journal entries to record the preceding information. How the accounts related to BBB's factoring and assignment agreements be reported on BBB's year end financial statements

  Examine successes-problems of multinational enterprises

Analyze the successes and problems of multinational enterprises (MNEs) in exploiting opportunities in emerging markets.

  Prepare the journal entries to record the purchase

Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas on November 17, 2013. The units have a list price of $500 each, but Thomas was given a 30% trade discount. The terms of the sale were 2/10, n/30. Thomas uses a periodic in..

  Problem related to molding department

The Molding Department of Boswell Company has the following production data: beginning work process 30,000 units (60% complete), started into production 510,000 units, completed and transferred out 480,000 units, and ending work in process 60,000 ..

  Discuss normative theory

Why does it appear that to be highly successful (particularly in a financial sense), we assume that the gains are achieved unethically? Would you cite examples of how (or when) positive and normative theory are used together? What is the benefit of..

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