User Account

All Pages

What is the balance in paid-in capital form sale of treasury

Assignment Help Financial Accounting
Reference no: EM13510375

Golden Gardens Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On June 19 of the current year, Golden Gardens Inc. reacquired 24,000 shares of its common stock at $64 per share. On August 30, 19,000 of the reacquired shares were sold at $68 per share, and on September 6, 3,000 of the reacquired shares were sold at $70.

a. Journalize the transactions of June 19, August 30, and September 6.
b. What is the balance in paid-In Capital form Sale of Treasury Stock on December 31 of the current year?
c. What is the balance in Treasury Stock on December 31 of the current year?
d. How will the balance in Treasury Stock be reported on the balance sheet?

Reference no: EM13510375

Questions Cloud

What is the spring constant of the other spring : a block is connected between two springs on a frictionless, horizontally level track. the other end of each spring is respectively anchored to a vertical pin set at opposite ends of the track. what is the spring constant of the other spring
Journalize the declaration of the cash dividend : Griseta Corporation was organized on January 1, 2011. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock.
Discuss issues arising from submission of the expense claim : Discuss the issues arising from the submission of the expense claim by Mr Roots and his threats to Ms Tshabalala if she were to refuse to authorise and pay the expense claim.
Determine the dividends per share for preferred stock : Determine the dividends per share for preferred and common stock for each year.
What is the balance in paid-in capital form sale of treasury : Golden Gardens Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On June 19 of the current year, Golden Gardens Inc. reacquired 24,000 shares of its common stock at $64 per share.
What will be the number of shares outstanding after split : Mia Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Mia Restaurant Corporation, which had 40,000 shares of common stock outstanding, declared a 4-for-1 stock split (3 additional shares for each share iss..
Discuss the nature of any modifications required : Discuss the nature of any modifications required to the standard unqualified audit report which will enable the drafting of the audit report on the 2007 annual financial statements of Client Ltd
Compute mccoy 2010 earnings per share : McCoy Corporation has outstanding at December 31, 2010, 50,000 shares of $20 par value, cumulative, 8% preferred stock and 200,000 shares of $5 par value common stock. All shares were outstanding the entire year.
Determine the efficiency of the cycle : A three-step cycle is undergone by 3.8 mol of an ideal diatomic gas: the gas is then contracted at constant pressure back to its original volume. Throughout the cycle, the molecules rotate but do not oscillate. What is the efficiency of the cycle

Reviews

Write a Review

Financial Accounting Questions & Answers

  Why are unrecorded liabilities a special independent

Auditor reviewed invoices and cash disbursements in seach of any unrecorded liabilities. Why are unrecorded liabilities a special problem for an independent auditor?

  Determine the total equity for fong''s business

Determine the total equity for Fong's business at year-end and What is the equity at the end of the year

  Question spring co began the month with 30 units of

question spring co. began the month with 30 units of inventory that cost 50 each. on january 4 spring buy 85 units for

  Draft the appropriate audit opinion provided the scenarios

Draft the appropriate audit opinion provided the subsequent scenarios.

  Illustrate what is the market rate of return on this stock

The firm has established a pattern of increasing its dividends by 3 percent annually and expects to continue doing so. Illustrate what is the market rate of return on this stock?

  Preparation of multi-step income statement with net

preparation of multi-step income statement with net income.the 2007 income statement for lozier company is shown

  Ratio analysis from given income statementlucrative

ratio analysis from given income statement.lucrative corporationconsolidated income statementyear ended december 31

  Prepare an income statement for 2014

From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2014 and prepare an income statement for 2014 and a classified balance sheet

  Prepare the journal entries at december to correct errors

The landscaping is expected to have a 20-year useful life and no residual value. Prepare the journal entries at December 31, 2011 to correct the errors (ignore income taxes).

  Illustrate what should be the total sales commissions

Thoma Corporation's sales commissions (a cost that is variable with respect to sales volume) total $448,000. To the nearest whole dollar, illustrate what should be the total sales commissions at a sales volume of 33,200 units?

  Identify rental of vacation homes

Identify rental of vacation homes and explain its current treatment. Then, argue whether or not it should be allowed as a general deduction. You can approach this question from an economic, social, revenue, or political perspective.

  Multiple choice questions in managerial accounting1 cross

multiple choice questions in managerial accounting.1. cross functional decision makinga.brings together individuals

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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