Prepare the general journal entry to record payment

Assignment Help Accounting Basics
Reference no: EM132723223

Problem - AB Company incurred the following costs in organizing the corporation:

Attorneys' fees $6,200

State incorporation fees 900

Required - Prepare the general journal entry to record payment of these costs on March 1.

Reference no: EM132723223

Questions Cloud

Did adam run faster than the grandfather : Adam's grandfather ran a mile in minutes. Adam took 780 seconds. Which is greater, 780 seconds or minutes? Did Adam run faster than his grandfather?
What is the ratio of miles to gallons for candice hybrid : How much more would you advise her to purchase if she intends to paint all the walls and ceiling, which is a total area of 225 m2.
What is the ratio of female students to male students : What is the ratio of female students to male students? Based on your reduced ratio in part theoretically in a classroom of 96 students
Compute the dividends per share for common stock : In year 2, $9,000 is available for dividends. Compute the dividends per share for common stock and preferred stock in year 2
Prepare the general journal entry to record payment : AB Company incurred the following costs in organizing the corporation: Prepare the general journal entry to record payment of these costs on March 1
CMM531 Data Warehousing Assignment : CMM531 Data Warehousing Assignment Help and Solution, Robert Gordon University - Assessment Writing Service - ETL and Analysis with SSIS and SSAS
Define genetic and chromosomal diseases : Define genetic and chromosomal diseases, congenital anomalies, and teratogenic effects. Describe the inheritance patterns of genetic diseases.
Discuss factors contributing to stock performance : Netflix's letter to shareholders and this Wall Street Journal article on Netflix and briefly discuss factors contributing to its stock performance
Identifying each transaction by the appropriate letter : Sold 6,000 shares of common treasury stock for $78,000. Make general journal entries for the transactions, identifying each transaction by appropriate letter

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd