User Account

All Pages

On december 31 2012 alexander company had 1296800 of

Assignment Help Accounting Basics
Reference no: EM13582354

On December 31, 2012, Alexander Company had $1,296,800 of short-term debt in the form of notes payable due February 2, 2013. On January 21, 2013, the company issued 24,050 shares of its common stock for $37 per share, receiving $889,850 proceeds after brokerage fees and other costs of issuance. On February 2, 2013, the proceeds from the stock sale, supplemented by an additional $406,950 cash, are used to liquidate the $1,296,800 debt. The December 31, 2012, balance sheet is issued on February 23, 2013.

Show how the $1,296,800 of short-term debt should be presented on the December 31, 2012, balance sheet.

Reference no: EM13582354

Questions Cloud

Selzer equipment company sold 580 rollomatics during 2012 : selzer equipment company sold 580 rollomatics during 2012 at 6780 each. during 2012 selzer spent 36200 servicing the
Falcon co produces a single product its normal selling : falcon co. produces a single product. its normal selling price is 30.00 per unit. the variable costs are 19.00 per
Reported crimes are believed to occur at random at : reported crimes are believed to occur at random at different rates for different types of crime. the incidence rate for
Complete golf accessories sells golf shoes gloves and a : complete golf accessories sells golf shoes gloves and a laser-guided rangeshyfinder that measures distance. shown below
On december 31 2012 alexander company had 1296800 of : on december 31 2012 alexander company had 1296800 of short-term debt in the form of notes payable due february 2 2013.
Linda clark received 182000 from her mothers estate she : linda clark received 182000 from her mothers estate. she placed the funds into the hands of a broker who purchased the
Modern vacuum pumps make it easy to attain pressures of the : modern vacuum pumps make it easy to attain pressures of the order of 10?13atm in the laboratory.part aat a pressure of
Explain why the tower of hanoi puzzle is an example of a : the tower of hanoi puzzle is a popular diversion which you may have encountered before.nbsp we are interested in this
Describe the diagnosis and staging of cancer describe at : write a paper 1250-1750 words describing the approach to care of cancer. in addition include the following in your

Reviews

Write a Review

Accounting Basics Questions & Answers

  Wreath process for both old-new manufacturing process

Compute the value added, nonvalue added, and the total lead time of the wreath process for both the old and the new manufacturing process.

  Distribution and taxed as a dividend

Last year, Loon sold an appreciated asset for $600,000 (basis of $200,000). Payment for one half of the sale of the asset was made this year. How much of Wendy's distribution will be taxed as a dividend?

  Problem related tro fair value approach

The options can be converted into common stock after July 1, 2011. The required service period is three years. How much compensation expense will be recorded for the year ending December 31, 2010 assuming that the fair value approach is used?

  Outback uses a predetermined overhead rate for applying

outback corporation manufactures rechargeable flashlights in brisbane australia. the firm uses an absorption costing

  The company abc was in a large bankruptcy and they started

abcs reclassified 3.85 billion of operating expenses as capital expenditures. explain the effect this reclassification

  Krammer company has liabilities equal to one fourth of the

krammer company has liabilities equal to one fourth of the total assets. krammers owners equity is 45000. using the

  What is the depreciation base of this asset

G Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles. It was driven 18,000 miles in 2012 and 32,000 miles in 2013. What is the depreciatio..

  Compute the cash collections from january sales

Compute the cash collections from January sales in January, February, and March.

  Estimation of the company net operating income

Scobie Corporation's fixed monthly expenses are $16,000 and its contribution margin ratio is 57%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $69..

  Descibe the primary advantages and disadvantages of

discuss the primary advantages and disadvantages of applying the direct write-off and the allowance method of writing

  Prepare journal entries to record transactions related to

mathewson company began operations on january 2 2010. itemploys 20 individuals who work 8-hour days and are paid

  Percentage-of-completion to completed-contract

A company changes from percentage-of-completion to completed-contract, which is the method used for tax purposes. The entry to record this change should include a :

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