User Account

All Pages

Prepare the journal entry for the greg transaction

Assignment Help Accounting Basics
Reference no: EM132476439

Question 1: Prepare the journal entry for the following transaction:

  • Greg invested $3,000 cash and a used truck with a fair market value of $1,500 in the business in exchange for the company's common stock. [please indicate account, debit or credit, and amount involved]

Reference no: EM132476439

Questions Cloud

2 economic costs and 2 human costs of unemployment : What are 2 economic costs and 2 human costs of unemployment? Please explain each.
What amount of the gain or loss on disposal : Fixed asset with a cost of $34,000 and accumulated depreciation of $30,600 is sold for $5,780. What is the amount of the gain or loss on disposal
Explain one of the channels for relationship : Show graphically how inflation would affect aggregate supply. Explain one of the channels for this relationship.
What is the opportunity cost of producing one car : Suppose a country's workers can lroduce 4 cars per hour or 12 laptops per hour. if there is no trade, what is the opportunity cost of producing one car?
Prepare the journal entry for the greg transaction : Prepare the journal entry for the Greg transaction, Greg invested $3,000 cash and a used truck with a fair market value of $1,500 in the business
What is effect on Total Current Liabilities on Balance Sheet : On June 12, Carpenter Printing printed $19,512 in magazines for the Pierre Company. What is effect on Total Current Liabilities on Balance Sheet
What is the money multiplier in economy : There is only one bank that all the people deposit their money and it holds 5% of the deposits as reserves. What is the money multiplier in this economy?
What is the effect on the Net Income on the Income Statement : On June 12, Carpenter Printing printed $18,844 in magazines for the Pierre Company. What is the effect on the Net Income on the Income Statement
What are the actual numbers in the expected annual mileage : What are the actual numbers in the expected annual mileage formula that equals 156,000? In the Over land trucking Freight case

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