Reference no: EM132513891
GreenLight.com, an online provider of eco-friendly light bulbs, began business on January 1. Its balance sheet on December 31 contained the following:
Common stock ($1 par) $35,000
Additional paid-in capital 80,000
Retained earnings 8,000
Treasury stock (2,000 shares) (18,000)
$105,000
During the year GreenLight.com had the following (and only the following) transactions related to its shares of stock:
(1) Issued shares on January 1 for $55,000
(2) Repurchased 5,000 shares on April 30
(3) Reissued some treasury shares on August 8 at a price of $10 per share
Question A) Prepare the journal entry recorded by GreenLight.com, including the account names and amounts, for each transaction.
Question B) How many shares are issued as of December 31?
Question C) Assume the company also declared and paid a dividend in December to all shares issued and outstanding. How many shares received a dividend?
|
Find should event be reported in the financial statements
: Find At what point, if ever, does Honda have a liability? Should this event be reported in the financial statements? If so, how would it be reflected?
|
|
Analyzing the issues qualitatively and quantitatively
: Assessing the financial reporting landscape considering the user needs, constraints, and business environment .Analyzing the issues
|
|
GHL4010 Gulf Regional Legal Environment of Business
: GHL4010 Gulf Regional Legal Environment of Business Assignment Help and Solution, Gulf College - Assessment Writing Service
|
|
Market analysis on referral programs for businesses
: Understanding current marketing practices (word of mouth) like examples and research on other referral programs used by other companies.
|
|
Prepare the journal entry recorded by greenlight
: Assume the company also declared and paid a dividend in December to all shares issued and outstanding. How many shares received a dividend?
|
|
Find what is the balance for customer advances on december
: Medical Labs Corporation provides a three-year warranty on the infusion pump it sells. When will the cost of a warranty appear on the cash flow statement?
|
|
How much was frango net cash flow from investing activities
: How much was Frango's net cash flow from investing activities? In the U.S., which of the following items will not be a part of "Goodwill"?
|
|
Relevancy of the article to the module
: Summarize the article, explain and correlate the relevancy of the article to the module and, of course, have the proper citation.
|
|
Quality improvement in primary care
: After a great national debate about health care reform in the United States, that focused mainly on covering most of the uninsured, there is even greater
|