Solution-How do indicate the accounts that are increased

How do indicate the accounts that are increased

Reference no: EM132887057

Question - How do indicate the accounts that are increased/or decreased in the transactions for Halpern?

Halpern Corporation is authorized to issue 1,000,000 shares of $3 par value common stock. During 2015, its first year of operation, the company has the following stock transactions.

Jan. 1 Paid the state $5,000 for incorporation fees.

Jan. 15 Issued 500,000 shares of stock at $6 per share.

Jan. 30 Attorneys for the company accepted 500 shares of common stock as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a value of $7,000.

July 2 Issued 100,000 shares of stock for land. The land had an asking price of $900,000. The stock is currently selling on a national exchange at $8 per share.

Sept. 5 Purchased 15,000 shares of common stock for the treasury at $8 per share.

Dec. 6 Sold 11,000 shares of the treasury stock at $11 per share.

Reference no: EM132887057

Questions Cloud

Why do really smart people make really stupid decisions : Why do really smart people make really stupid decisions? Please explain the reason for your response.

Why people may want to use honey : Write an informational article that is several paragraphs long and that will help you explain how honey is made, and why people may want to use honey.

Create a meal plan for someone know for entire day : Create a meal plan for yourself or someone you know for an entire 24 hours. It does not have to be a typical 3 meals a day plan.

What is the relevant nutritional information displayed : Nutrition Facts: what is the relevant nutritional information displayed on the label, such that consumers are able to make well-informed decisions?

How do indicate the accounts that are increased : How do indicate the accounts that are increased/or decreased in the transactions for Halpern? Jan. 15 Issued 500,000 shares of stock at $6 per share

What would be considered corroborative evidence : In this scenario what would be considered contradictory evidence? What would be considered corroborative evidence

Calculate the actual cash balance at the end of June : Actual purchases (cost of sales) in May was $69,000. Calculate the actual cash balance at the end of June by preparing a cash budget

Parent newsletter and behavior contract : At least two school-wide interventions in place at school along with strategies parents can use at home to support their children

Case study-leadership development at bp : Case Study: Leadership Development at BP: A Good Investment The First Level Leaders Development Program was launched in 2002 based on information gathered

User Account

All Pages

How do indicate the accounts that are increased

Reference no: EM132887057

Reference no: EM132887057

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT