User Account

All Pages

Make the necessary journal entries for the transactions

Assignment Help Accounting Basics
Reference no: EM133154042

Question - ABC CORP has 535,276 common shares issued and outstanding and a balance in its Common Shares account of $814,298 at January 1, 2021. Additional info at January 1, 2021: Contributed surplus = $3,500

Retained earnings = 650,428

ABC CORP did a stock split of its common shares on May 27, 2021 at a 2-for-1 stock split. Immediately before the split, the share price was $3.26 per share. On July 19, ABC CORP reacquired 65,873 common shares for $1.24 per share. On Oct 1, ABC CORP declared a $0.22 cash dividend per share to common shareholders of record on Oct 15, payable on Nov 9. Make the necessary journal entries for the transactions that occurred in 2021.

Reference no: EM133154042

Questions Cloud

Identifier for dispensary medications : Could RxNorm replace NDC for use in identifiers for dispensary medications?
Compute depreciation expense for the year ending december : Deland Company purchased equipment on March 1, 2011, for $130,000. Compute depreciation expense for the year ending December
CIVE1208 Concrete design Assignment : CIVE1208 Concrete design Assignment Help and Solution, RMIT University - Assessment Writing Service - fundamentals of design of reinforced concrete structural
What are the annual cash flows associated with the project : Net working capital will experience a one-time increase of $300,000 at time the project starts, What are the annual cash flows associated with the project
Make the necessary journal entries for the transactions : ABC CORP did a stock split of its common shares on May 27, 2021 at a 2-for-1 stock split. Make the necessary journal entries for the transactions
What is benchmarking : What is benchmarking? How is benchmarking used as an effective tool for managing organizations? Why is having the right performance indicators an integral part
Prepare the appropriate journal entries : The City of Bellflower engaged in the following transactions. Prepare the appropriate journal entries. If appropriate, write "No entry required."
Describe self-managed work groups and the situations : Describe self-managed work groups and the situations for which they are best suited. Why are self-managed work groups more likely to be found in high involvemen
Discuss four benefits and four challenges of collaborations : Sony is collaborating with Manchester City, discuss the four benefits and four challenges of such collaborations that sony will face?

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