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Problem - During its first year of operations, Harlan Corporation had the following transactions pertaining to its common stock. (List multiple debit/credit entries in descending order of amount.)
Jan. 10 Issued 70,000 shares for cash at $5 per share.
July 1 Issued 40,000 shares for cash at $7 per share.
Journalize the transactions, assuming that the common stock has a par value of $5 per share.
Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share.
Presented below is information related to Kienholz Company for its first month of operations.
Prepare a bank reconciliation to determine your correct checking account balance
pool corporation is the worlds largest wholesale distributor of swimming supplies and equiopment. it sells these
on the basis of the following data for breach co. for the year ended december 31 2011 and the preceding year prepare a
Talley Inc. experienced the following events in 2016, in its first year of operation: Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the 2016 accounting period.
Inventory carrying costs are estimated to be 11% per year. As a result of the layout reorganization, incremental manufacturing costs are projected to:
Which of the following describes the leadership style in which a leader tends to centralize authority, dictate work methods, make unilateral decisions, and limit employee participation?
What is a post-closing trial balance? Is it a useful part of the accounting cycle? Explain.
Calculate the total variable cost per unit for each firm in the trade association. Compute the percent of total for the material, labor, and variable overhead.
Explain the differences between a proprietorship, a partnership, and a corporation in 200 to 300 words. Why would an entrepreneur want to choose one over the other? If you were starting a new business, which would you choose? Explain why.
The Randalls have a married son and four grandchildren (ages 15, 17, 18 and19). They establish a trust under which the income is to be paid annually to the grandchildren until the youngest reaches age 25.
Logan Appliances purchased $8,000 of merchandise, 2/10, n/30, FOB shipping point. The seller prepaid the shipping charges of $200. If Logan pays for this merchandise within the discount period, how much should Logan remit to the seller?
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