User Account

All Pages

Journalize and post the transactions

Assignment Help Accounting Basics
Reference no: EM132588572

Question - 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 - Journalize and post the transactions.

Reference no: EM132588572

Questions Cloud

What amount of the partnership loss : In the partnership's first year of operation, it incurred a loss of $220,500. What amount of the partnership's loss, rounded to the nearest dollar
Described in psalms and in luke the sermon on the plain : Analyze the morality of behavior described in Psalms and in Luke "The Sermon on the Plain."
Characteristics of type of attachment to inform parents : The development of attachment is a process that children go through, which families and early care educators can have a positive impact on.
Survival and benevolence : Debate It; Take a position for or against Harris' proposal for a "Survival Lottery." Provide reasons and examples to support your view.
Journalize and post the transactions : Sept. 1 Received cash dividend on DET shares. Oct. 1 Sold 30 CTN bonds and collected totally 34,875TL. Journalize and post the transactions
Business activities to vision and strategy : What are the considerations that you need to be aware of to remain competitive? What would you say to someone who would dispute your position?
Define benefits and possible limitations of using technology : View the webcast, Technology and Interactive Media as Tools in Early Childhood Programs. As you watch, make note of the benefits and possible limitations.
How to write a research and analysis paper : How to write a research and analysis paper?
Documented the protests in ljubljana last summer : Correct any errors in the following sentences. If the sentence is correct, write "Correct."

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