Company issued 200000 shares of common stock for 15 per

Assignment Help Accounting Basics
Reference no: EM13581582

1. Company issued 200,000 shares of common stock for $15 per share. The par value of each share is $5.

2. Company issued 100,000 no par stock for $20 per share.

Prepare journal entries for the above transactions.

Reference no: EM13581582

Questions Cloud

Doughboy bakery would like to buy a new machine for putting : doughboy bakery would like to buy a new machine for putting icing and other toppings on pastries. these are now put on
At 123110 we had a projected benefit obligation of 560000 : at 123110 we had a projected benefit obligation of 560000 plan assets of 322000 and prior service cost of 127000 in
The county administrator is trying to decide whether to : the county administrator is trying to decide whether to replace the old equipment. because of rapid changes in
Sunshine state fruit company sells premium-quality oranges : sunshine state fruit company sells premium-quality oranges and other citrus fruits by mail order. protecting the fruit
Company issued 200000 shares of common stock for 15 per : 1. company issued 200000 shares of common stock for 15 per share. the par value of each share is 5.2. company issued
Company issued 5 million 25 year bonds at 5500000 on jan 1 : company issued 5 million 25 year bonds at 5500000 on jan 1 2012. the interest rate or the coupon rate is 8 and interest
Determine the order of production and the amount of each : determine the order of production and the amount of each product to be produced given the time available and the demand
Hadley inc makes a line of bathroom accessories because of : hadley inc. makes a line of bathroom accessories. because of a decline in sales the company has 10000 machine hours of
Wet and wild water company drills small commercial oil : wet and wild water company drills small commercial oil wells. the company is in the process of analyzing the purchase

Reviews

Write a Review

Accounting Basics Questions & Answers

  Construct a bond amortization table

Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each May 31. Include only the first five years. Make sure all columns and rows are properly labeled.

  Adjusting entries when the accounts of constantine inc are

adjusting entries when the accounts of constantine inc. are examined the adjusting data listed below are uncovered on

  Prepare the journal entry for the purchase

On December 31, 2012, Faital Company acquired a computer from Plato Corporation by issuing a $600,000 zero-interest-bearing note, payable in full on December 31, 2016.

  Company p owns 80 of company s on january 1 20x3 company s

company p owns 80 of company s. on january 1 20x3 company s has outstanding 6 bonds with a face value of 200000 and an

  What is meant by variance power

What is meant by variance power? Suppose that a charitable foundation receives a gift that the donor specifies must be used to support the college education of a particular individual. Of what relevance is variance power to how the foundation acco..

  How can the conflict best be resolved

Corporate executives are pressured between conflicting interests of internal and external stakeholders. Provide a specific example of such a conflict. How can the conflict best be resolved?

  Qualitative characteristics of relevance and reliability

Explain clearly why each of the qualitative characteristics discussed in the IASB conceptual framework is important. Which characteristic or characteristics do you think are the most important? Why?

  Current market data for anz shares

The required return on ANZ shares is 9%. Based on this information would you buy the share today? (Base your answer on current market data for ANZ shares)

  Question 1accrued payroll was 10000 and 15000 at the

question 1accrued payroll was 10000 and 15000 at the beginning and end of 20x4 respectively. the payroll expense for

  A calculate 2012 depreciation expense using

lockard company purchased machinery on january 1 2012 for 151840. the machinery is estimated to have a salvage value of

  On august 1 2013 ace corporation accepted a note receivable

on august 1 2013 ace corporation accepted a note receivable in place of an outstanding accounts receivable in the

  Should creator and user needs be the same or different

The income statement is an integral part of all financial statements presentations. There are two ways of creating the income statement, the single-step and the multiple-step methods.

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