During its first year of operations rosa corp has these

Assignment Help Accounting Basics
Reference no: EM13591914

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

Reference no: EM13591914

Questions Cloud

Duncan company records all prepayments in income statement : duncan company records all prepayments in income statement accounts. at april 30 the trial balance shows supplies
William severs has been the manager for two years of the : william severs has been the manager for two years of the production department of a company manufacturing toys made of
The designers have two options one tanks is 42l in size and : question an experimental car uses hydrogen as fuel and the tank that can hold gaseous hydrogen. the designers have two
Ose contreras is the new owner of curveball computer : ose contreras is the new owner of curveball computer services. at the end of july 2012 his first month of ownership
During its first year of operations rosa corp has these : during its first year of operations rosa corp has these transactions pertaining to its common stock.jan. 10 issued
Compute the break-even point for the extravaganza in terms : chi omega sorority is planning its annual riverboat extravaganza. the extravaganza committee has assembled the
A 0421 g sample of aspirin prepared in the laboratory is : a 0.421 g sample of aspirin prepared in the laboratory is dissolved in 95 ethanol diluted with water and titrated to a
Dan and cheryl are married file a joint return and have no : dan and cheryl are married file a joint return and have no children. dan is a pharmaceutical salesman and cheryl is a
Using the high-low method estimate a cost formula for : amfac company manufactures a single product. the company keeps careful records of manufacturing activities from which

Reviews

Write a Review

Accounting Basics Questions & Answers

  What general business factors should be considered

What general business factors should be considered when choosing between the branch and subsidiary forms of doing business in the United States?

  Determine manufacturing cost per unit

_____ is the manufacturing cost per unit if the contribution approach is used. a. $28 b. $31 c. $36 d. $40

  Aampfs stock price has been going down for weeks an analyst

aampfs stock price has been going down for weeks. an analyst investigating the company discovers that aampf has a

  To acquire land and building the company paid 83600 cash

spitfire company was incorporated on january 2 2015 but was unable to begin manufacturing activities until july 1 2015

  Standard direct material cost for cloth

The cost of the cloth is $3 per yard. The standard direct material cost for cloth per unit of finished product is:

  What is the target net income

A company requires $1,020,000 in sales to meet its net income target. Its contribution margin is 30%, and fixed costs are $180,000. What is the target net income.

  Ross has four offers to acquire the stock and land

Ross would like to dispose of some land he acquired five years ago because he believes that it will not continue to appreciate. Its value has increased by $50,000 over the five-year period. He also intends to sell stock that has declined in va..

  Annual reports and marketing materials

This spike is during the "crazy" months of January, February, and March, when many companies are rushing to get out their annual reports and marketing materials. Liu obtains the following budgeted data for 2008: (see attached)

  Question 5nbspnbspnbspnbspnbsp ddd grills inc makes a

question 5nbspnbspnbspnbspnbsp ddd grills inc. makes a single product-a handmade nbspspecialty barbeque grill that

  The marinade department began the period with 125000 units

the marinade department began the period with 125000 units. during the period the department received another 180000

  Income before bond interest

Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is

  What is the amount of payments that must be made at end of

what is the amount of payments that must be made at end of each 8 years to accumulate a fund of 90000 by the end of 8th

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