User Account

All Pages

Journalize and post the transactions

Assignment Help Financial Accounting
Reference no: EM132903182

Treasury Shares The following data pertain to CHACHA Corporation:

Ordinary Share Capital, with a par value of P100

10,000 shares issued and outstanding P 1,000,000.00

Retained Earnings P 1,200,000.00

The following transactions took place:

June 10- Reacquired 500 common shares for treasury at P80 per share

June 12- 50 Treasury shares were sold at P85 per share

June 15- 20 shares were sold at P 75 per share

June 20 - 10 shares were sold at P 70 per share

June 25- 125 Treasury shares were retired

Required:

Problem 1: Journalize and post the transactions

Reference no: EM132903182

Questions Cloud

Explain general standards of financial product promotional : Explain the general standards of financial product promotional and marketing practice that would be reflected in organisational policy and procedures.
Construct an efe matrix for pepsico company : Construct an EFE matrix for PepsiCo company. Explain the steps in the creation o the matrix as you create the matrix. Comment on the importance of assigning wei
Calculate the venture return on total assets : A venture recorded revenues of $1 million last year and a net profit of $100,000. Calculate the venture return on total assets
Future challenges of the actuary in the takaful industry : Elaborate on How the points mentioned below can become the Future Challenges of the Actuary in the Takaful industry (one paragraph for each point, no words limi
Journalize and post the transactions : Journalize and post the transactions. June 10- Reacquired 500 common shares for treasury at P80 per share. Retained Earnings P 1,200,000.00
Participant observation at some of planning : Would you also interview some of its members, and do participant observation at some of the planning/organization meetings and/or at an upcoming rally?
FIT3139 Computational modelling and simulation Assignment : FIT3139 Computational modelling and simulation Assignment Help and Solution, Monash University - Assessment Writing Service
Describe the factor categories used by venture capitalists : Describe the factor categories used by venture capitalists and other venture investors when they screen venture opportunities for purpose of deciding to invest
What types of risk assessment should a financial service : What types of risk assessment should a Financial Service Provider (FSP) perform on a client who is seeking to obtain a new credit card?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain how these differences affect the comparability

Provide an example of a difference between for-profit and not-for-profit organization financial reports. Explain how these differences affect the comparability of financial reports.

  Use appropriate valuation models to produce an estimate

Your write-up is limited to 4 pages of text and 4 pages of supporting material. Prospective Analysis Forecast future financial performance and use appropriate valuation models to produce an estimate of firm value.

  Make investment decisions using a speculative intent

Based on the agency theory perspective, whose interests served when healthcare administrators make investment decisions using a speculative intent?

  Compute the product cost per meal produced

Gia's Foods produces frozen meals, which it sells for $8 each. Compute the product cost per meal produced under absorption costing

  Calculate the contribution margin ratio

Calculate the Contribution Margin ratio. Calculate the number of units they need to sell to break even. Sale Revenue (1,000 units x $400 per unit) $400,000

  What are some quotes from any of the managers

Whole Foods, What are some quotes from any of the managers or CEO of each company. What suggestions would you give management?

  Worksheet entries to recognize effects of intraentity bonds

Cairns owns 80 percent of the voting stock of Hamilton, Inc. The parent’s interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the acquisitio..

  How much additional money will izzy need

Izzy Parker is a very bright recent college, How much additional money will Izzy need to put aside herself annually for next 5 years to pay for medical school?

  How much total interest austal ship needs to pay

LIBOR in year1, year2, and year3, respectively. How much total interest Austal Ship needs to pay for A$1.13 millions in three years of the loan period?

  Calculate net income for the year

At the beginning of the current fiscal year, the balance sheet for Sammy Co. showed liabilities of $320,000. During the year liabilities decreased by $18,000, assets increased by $65,000, and paid-in capital increased from $30,000 to $192,000. Divide..

  Prepare pension worksheet and all journal entries

On January 1, 2020, Stine Co. had the following balances: Projected benefit obligation $7,200,000. Prepare pension worksheet and all journal entries

  Prepare a record the revenue and reduction from inventory

Write the two journal entries needed to record the revenue and reduction from inventory for the sale of all 13 million units. Determine the missing amounts.

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