User Account

All Pages

Prepare the appropriate journal entries

Assignment Help Accounting Basics
Reference no: EM131106722

The stockholders' equity accounts of Lawrence Company have the following balances on December 31, 2010.

Common stock, $10 par, 200,000 shares issued and outstanding $2,000,000
Paid-in capital in excess of par 1,200,000
Retained earnings 5,600,000
Shares of Lawrence Company stock are currently selling on the Midwest Stock Exchange at $37. Prepare the appropriate journal entries for each of the following cases.

(a) A stock dividend of 5% is declared and issued.
(b) A stock dividend of 100% is declared and issued.
(c) A 2-for-1 stock split is declared and issued. 

Reference no: EM131106722

Questions Cloud

How to make messages concrete and credible : Describe the elements and tactics described in Made to Stick about how to make messages concrete and credible. Identify the core message in your persuasive campaign project, and provide examples of how you will make it both concrete and credible i..
Compare two motivational theories of your choice : Create a strategy for enhancing your own motivation in the workplace. Compare and contrast two motivational theories (found in Chapter 7 of your course text) of your choice.
Developing a new model of compact car : Rerun the new car simulation from Example 11.5, but now introduce uncertainty into the fixed development cost. Let it be triangularly distributed with parameters $600 million, $650 million, and $850 million.
Create a pie chart for your business income and spending : Create a pie chart for your business income and spending. Create a label called "Income" and add your monthly business income in the next cell: $42000.
Prepare the appropriate journal entries : Shares of Lawrence Company stock are currently selling on the Midwest Stock Exchange at $37. Prepare the appropriate journal entries for each of the following cases.
Discuss the significance of the statement embodied : Discuss the significance of the statement embodied in Eq. (12.25)
How long do you have to wait to buy your yacht : You have $90000 saved today and want to purchase a new yacht when your money grows to $300000. If you can earn 10 percent on your investments, how long do you have to wait to buy your yacht?
Trying to meet an order due date at wozac : In Example 11.3, we commented on the 95th percentile on days required in cell I35 and the corresponding date in cell J35. If the company begins production on this date, then it is 95% sure to complete the order by the due date.
Create excel charts of your result and describe those charts : Create Excel charts of your results and describe those charts in words. (You will receive no credit for charts that are copied from the survey software.)

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