Journalize the transactions, Financial Accounting

Assignment Help:

During it's first year of operations, Rosa Corp has these transactions pertaining to its common stock.
Jan. 10 Issued 30,000 shares for cash at $5 per share
July 1 Issued 60,000 shares for cash at $7 per share
1. Journalize the transactions, assuming that the common stock has a par value of $5 per share
2. Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share

Related Discussions:- Journalize the transactions

What would be the consequences to zorn, zorn conducted his professional pra...

zorn conducted his professional practice through zorn, inc. the corporation uses a fiscal year ending september 30 even though the business purpose test for a fiscal year cannot be

Partnership, in the absence of no agreement in partnership discuss and expl...

in the absence of no agreement in partnership discuss and explain the provision of partnership act

Talpat se aap kya samjhte hai, talpat se aap kya samjhte hai

talpat se aap kya samjhte hai

Calculate the total cost, 1. The average annual investment cost of a works...

1. The average annual investment cost of a workstation in New Jersey has been calculated to be $100,000. It has been calculated to be $150,000 in Kentucky. The hourly cost at a

Fixed interest securities-accounts under trustee , Fixed Interest Securitie...

Fixed Interest Securities No advice in writing is required before an investment in fixed interest securities is made. Government Securities. Treasury Bills. Fixed

Adjusting Entries, The company incurs a payroll payable of $645 per weekday...

The company incurs a payroll payable of $645 per weekday of operations. The mondays of january are the 3rd, 10th, 17th, 24th, and the 31st. Paydays are every other Friday with payd

Illustrate the changing face of accounting, Illustrate the changing face of...

Illustrate the changing face of accounting Over past 25 years, environment within which businesses operate has become increasingly turbulent and competitive. Numerous reasons h

Which is not true of a corporation, Q. Which of the following is not true o...

Q. Which of the following is not true of a corporation? a. It may buy, own, and sell property. b. It may sue and be sued. c. The acts of its owners bind the corporation. d. It may

Calculate the standard deviation of ibm and att, Question: ...

Question: State of the Economy Probability of state occurring IBM Return (%) ATT Return (%)

Holding company with a direct shareholding in sub-subsidiary, Holding compa...

Holding company with a direct shareholding in sub-subsidiary company Under this type of structure, both the holding and subsidiary company have some shareholding in the sub-subsi

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages