Make a record or journalize all transactions

Assignment Help Managerial Accounting
Reference no: EM132500577

On Jan 1, 2017 PT Bro had 50,000 shares, $5 par value per share, During the year, the following transactions ocurred.

  1. April 1 Issued 10,000 additional shares of common stock for $11 per share.
  2. June 15 Declared a cash dividend of $1,50 per share to stockholders of record on June 30
  3. July 10 Paid the $1.50 cash dividend.
  4. December 1 Issued 5,000 additional shares of common stock for $12 per share,
  5. December 15 Declared a cash dividend on outstanding shares of $1.75 per share to stockholders of record on December 31

Required:

Question 1: Record/journalize all transactions above.

Reference no: EM132500577

Questions Cloud

Income and substitution effects : Since 2018, wages in low-wage industries in the US such as food service and retail have experienced (on average) strong per annum pay increases.
Compute dollar value of cash provide by operating activity : Compute the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number.
Total external harm at competitive market level of? output : What is the total external harm at the competitive market level of? output?
Signal of a? high-quality worker : The wage of a known? high-quality worker, wh?, is? $10,000. The wage for a known? low-quality worker, wl?, is? $4,000.
Make a record or journalize all transactions : On Jan 1, 2017 PT Bro had 50,000 shares, $5 par value per share, During the year, the following transactions ocurred. Make Record or journalize all transaction.
What is the rationale of consumer optimization : What is the rationale of consumer optimization? How we conceptualize and solve the problem of a representative consumer in Neo-classical model?
Why people should stay home during this covid-19 : Question - Write a speech on "why people should stay home during this covid-19". 2 pages
Draw a diagram with free time on the horizontal axis : Draw a diagram with free time on the horizontal axis and weekly pay on the vertical axis, and plot the combination of hours and the wage corresponding to your
Determine the total cost per unit of the three products : Peabody uses a traditional costing system, with overhead allocated based on direct labor hours. Compute the total cost per unit of the three products.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  While performance evaluations are part of most organizations

While performance evaluations are part of most organizations, unions tend to disavow their usefulness. Are performance evaluations needed in a union environment?

  Prepare an income statement using absorption costing

Prepare an income statement using absorption costing - For problems, be sure to answer all questions and provide all requested information. Your response should be at least 75 words in length.

  How did jonathan derive the intrinsic value of pcu

How did Jonathan derive the intrinsic value of PCU share to be in the range of $16 - $26? Why did Jonathan think that the PCU share would rise to $35 per share in three years' time? Justify your analysis.

  What is the efficiency variance for the hospitality company

What is the efficiency variance for the Hospitality Company for July?

  Prepare a cash budget for abc company for august

In addition to the information presented in Mini-Exercise 14.4, ABC Company has a cash balance of $25,000 on August 1 and requires a minimum ending cash balance of $20,000.

  What causes the account to increase and decrease

For the accounts indicate what causes the account to increase and decrease. first is done account is increased by is decreased by raw materials inventory

  Anka company has two service departments

Anka Company has two service departments, Maintenance Department and Personnel Department, and two producing departments, X and Y. The Maintenance Department costs of $240,000 are allocated on the basis of standard service hours used. The Personnel D..

  Present cash flows from operating activities

Prepare the statement of cash flows of Red, Inc., for the year ended December 31, 2011. Present cash flows from operating activities by the direct method.

  Calculate the target cost per stove

Calculate the Target cost per stove. How many stoves must Packer Inc. sell to meet the target cost - Will Packer be able to produce the stove

  As an eec corporate business financial analyst you must

as an eec corporate business financial analyst you must have an expert understanding of the various costing methods.

  Determine how much loss on the retirement of the bonds

Determine How much was the gain or loss on the retirement of the bonds? On March 31, 2014, Bundy Corporation retired $10,000,000 of bonds

  What goes on the retained earnings statement as correction

THe error was 46,900. Determine How do figure what goes on the retained earnings statement as correction. Income tax was 34%

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd