User Account

All Pages

Journalize the entries for October

Assignment Help Accounting Basics
Reference no: EM132558201

Question - On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 70,300 shares of $10 par common stock at $15, and on November 19, it issued for cash 18,450 shares of preferred stock, $45 par at $56. Required:

A. Journalize the entries for October 31 and November 19. Refer to the Chart of Accounts for exact wording of account titles

B. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?

Reference no: EM132558201

Questions Cloud

Determine the financial instruments should be classied : Determine whether the financial instruments should be classified as a financial liability or equity instrument of the respective companies.
What is the pv of a 13-year annuity due : What is the PV of a 13-year annuity due (payments at beginning of period, aka annuity in advance) of $681
Redundancy for virtualization for the organization : Recommend a configuration for shared storage; make sure to discuss the need for high availability and redundancy for virtualization for the organization.
Discuss the actions taken by air asia group berhad : Discuss the actions taken by Air Asia Group Berhad that caused the significant changes to the accounts as shown in the table above.
Journalize the entries for October : On October 31, Legacy Rocks Inc., a marble contractor, Journalize the entries for October 31 and November 19
Today of future cash flows : In 10 years you will begin receiving $179 per year in perpetuity from a family trust fund
Compute the dividends per share on each class of stock : Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 18,000 shares, Compute the dividends per share on each class of stock
Calculate the cost of goods sold and ending inventory : Suppose XY Company, Calculate the cost of goods sold, ending inventory, gross profit and operating income uner FIFO, LIFO, and Average cost.
Food intoxication and infection : What are the differences between food intoxication and food infection? Explain this distinction in detail.

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