Prepare the General Journal entry for August transaction

Assignment Help Accounting Basics
Reference no: EM132446542

Question - January 2 2019 A Company issues 17,000 shares of $9 par value common stock for $ 12 per share. On April 1 2019 B Company reacquired 1400 of these shares when they were trading $15 per share. On August 1 2019 A Company reissued 700 shares of treasury stock at the going market rate of $18 per share. Prepare the General Journal entry for the August 1 transaction.

Reference no: EM132446542

Questions Cloud

Prepare General Journal entry for March : A Company authorized a 10% stock dividend when the market value was $17 per share. Prepare General Journal entry for March 31
Conducting a benefit plan needs assessment : Please answer and include a source please. As part of conducting a benefit plan needs assessment, a human resource professional
CSC72003 Programming II Assignment : CSC72003 Programming II Assignment Help and Solution, Southern Cross University - Assessment Writing Service - Implement at least two locked doors to your game
Employer-sponsored benefits : Please answer this question. Please add a source if possible. Employer-sponsored benefits reflect the culture and business of the organization
Prepare the General Journal entry for August transaction : On August 1 2019 A Company reissued 700 shares of treasury stock at the going market rate of $18 per share. Prepare the General Journal entry for August
Why academic equity is important in classroom : Write an essay about why academic equity is important in classroom?Discuss whats the need for that and what are there impact
Make the General Journal entry for August : Annual interest rate implicit in the lease was 7% and the first lease payment of $1,700. Make the General Journal entry for August
Observing the structure and content of the article : Observing the structure and content of the article Comparing the content of the article to the recommended content of sections for a research study.
What is the dollar value of interest expense : On January 1 2018 A Company issues $180,000 face value, 5%, 10-year bonds at 101. What is the dollar value of interest expense

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the meaning of quality of earnings

What is the meaning of quality of earnings? What does the term vertical analysis mean? What is another name for this type of analysis

  Kid adventures company projected current year sales of 3600

kid adventures company projected current year sales of 3600 swing sets at a unit sale price of 225.00. actual current

  Determine how much overhead is allocated to alpha

Determine how much overhead is allocated to Alpha assuming the use of a single overhead rate and assuming the use of ABC, respectively.

  Taylor music center has 5 cd players on hand at the balance

taylor music center has 5 cd players on hand at the balance sheet date. each cost 400. the current replacement cost is

  What is the total fixed cost

A company manufactures a single product. The total cost of making 2,000 units is $30,000. What is the total cost per unit at each level of activity

  What is the ending work in process inventory balance

What is the ending work in process inventory balance, Here are selected data for Sally Day Corporation

  Firm net income and net cash flow

What were the firm's net income and net cash flow? What would happen to net income and cash flow if depreciation were increased by $2.90 million?

  A company expects to produce and sell 9000 units of a

a company expects to produce and sell 9000 units of a single product. management desires an 18 return on assets of

  Unearned revenue adjusting entry

What accounts does a company debit and credit in a prepaid expense adjusting entry? What accounts are debited and credited in an unearned revenue adjusting entry.

  On september 1 2013 triton entertainment borrowed 24

on september 1 2013 triton entertainment borrowed 24 million cash to fund a new fun park. the loan was made by nevada

  Describe the ethical principles and standards

Determine how the ethical principles and standards we have discussed thus far applied to the situation. (So for example was your behavior indicative).

  Prepare the entry to record bad debt expense for the period

During the period, it had net credit sales of $857,000 and collections of $777,000. Prepare the entries to record sales and collections during the period

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