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

User Account

All Pages