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

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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