Reference no: EM132654300
Question - On January 5, 2020, Shamrock Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 9% cumulative and nonparticipating preferred stock, and 49,000 shares of $10 par value common stock. It then completed these transactions.
Jan. 11 Issued 21,800 shares of common stock at $17 per share.
Feb. 1 Issued to Sanchez Corp. 4,400 shares of preferred stock for the following assets: equipment with a fair value of $48,000; a factory building with a fair value of $147,000; and land with an appraised value of $254,000.
July 29 Purchased 1,800 shares of common stock at $18 per share. (Use cost method.)
Aug. 10 Sold the 1,800 treasury shares at $15 per share.
Dec. 31 Declared a $0.45 per share cash dividend on the common stock and declared the preferred dividend.
Dec. 31 Closed the Income Summary account. There was a $188,300 net income.
Required -
(a) Record the journal entries for the transactions listed above.
(b) Prepare the stockholders' equity section of Shamrock Corporation's balance sheet as of December 31, 2020.
|
Contrast the krebs and the calvin cycle
: Compare and contrast the Krebs (citric acid cycle) and the Calvin cycle (light independent reactions) including (but not limited to): the purpose, the molecules
|
|
Develop a population of insects
: Use the Gizmo to develop a population of insects that are well adapted to their environment. (Average fitness is above 90%.) Change the Mutation rate
|
|
Domestic terrorist attacks
: Describe any known planning for the attack, such as gathering supplies, surveillance of the target, or any outside support / assistance.
|
|
How might the occurrence of sickle cell anemia change
: How might the occurrence of sickle cell anemia change if antimalarial drugs and preventative measures (such as the use of mosquito netting) become more widespre
|
|
Prepare the stockholders equity section of Corporation
: Prepare the stockholders' equity section of Shamrock Corporation's balance sheet as of December 31, 2020. Record the journal entries for the transactions listed
|
|
What ken recognized loss will be
: What Ken recognized loss will be? Ken, a calendar-year taxpayer, owns 50 shares of Copper Corporation stock, which was purchased two years ago
|
|
Driving force for filtration in someone with edema
: Based on the above information, is the driving force for filtration in someone with edema greater or less than a healthy person's? Explain your answer.
|
|
Diffuse in the plane of a bilayer
: Lipid molecules are free to diffuse in the plane of a bilayer but their distribution is asymmetrical among the bilayers once a membrane is synthesized. Why?
|
|
Discuss the effects and influcences of culture
: Discuss the effects and influcences of culture on how we define and measure intelligence. In your discussion, include factors that may account for the fact.
|