User Account

All Pages

Journalize and post the transactions

Assignment Help Accounting Basics
Reference no: EM132587674

In January 2011, the management of Izmir Company concludes that it has sufficient cash to purchase some short-term investments in bonds and shares. During the year, the following transactions occurred.

Feb. 1 Purchased 500 shares of DET shares for 30,000TL.

Mar. 1 Purchased 600 shares of STL shares for 20,000TL.

Mar.25 DET declared 0.60TL dividends per share payable on September 1.

May 1 Purchased 40 1,000TL 9% CTN bonds for 40,000TL. Interest is payable semiannually on May 1 and November 1.

July 1 Sold 300 shares of DET and collected totally 17,880TL.

Aug. 1 Received a 1TL per share cash dividend on the STL shares.

Sept. 1 Received cash dividend on DET shares.

Oct. 1 Sold 30 CTN bonds and collected totally 34,875TL.

Nov. 1 Received the semiannual interest on CTN bonds.

Instructions

Question (a) Journalize and post the transactions.

Reference no: EM132587674

Questions Cloud

What is the opportunity cost of continuing to operate : What is the opportunity cost of continuing to operate the fitness studio within the store?
How should the receipt of the funds from the philanthropist : Society purchased furniture as the donor requested. How should the receipt of the funds from the philanthropist be reported by the Benevolent Society in 20x3?
How the police cars will be reported as assets for : 4 years and have a residual value of 10,000. SL Depreciation is used. On the balance sheet of govt funds, the police cars will be reported as assets for
Presence of major firms such as starbucks : Why did McDonalds enter the market in light of the presence of major firms such as Starbucks and Dunkin' Donuts?
Journalize and post the transactions : Journalize and post the transactions.In January 2011, the management of Izmir Company concludes that it has sufficient cash to purchase
Why should accountants participate in all stages of database : Describe the methods used to collect data about business activities and process transaction data.four rules in designing a REA diagram and their definition.
Purchase a new machine or continue to rent : A company can rent a machine for an all-inclusive rate of $125 per hour and on average makes use of such a machine for 1600 hours per year.
Discuss the potential for convergence : In a couple of paragraphs, discuss the potential for Convergence. Be sure to reference ideas from the text.
Determine the mass flow rate of the refrigerant : Refrigerant-134a enters a 28-cm-diameter pipe steadily at 200 kPa and 20oC with a velocity of 5 m/s. Determine the mass flow rate of the refrigerant

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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