User Account

All Pages

Problem - Record the transactions

Assignment Help Accounting Basics
Reference no: EM132614738

Problem - Record the transactions

Ashwill Ltd. was incorporated July 1, 2020. The company is authorized to issue an unlimited number of preferred and common shares. The company entered into the following transactions during its fiscal year ending June 30, 2021:

Jul 10 Issued 100,000 common shares for $12.50 per share.

Jul 15 Issued 400,000 common shares for $13 per share.

Sep30 Issued 30,000 common shares in return for a warehouse. The common shares were trading for $15.50 on the date the warehouse was acquired. The assessed value of the warehouse on that date was $450,600.

Mar16 Issued 1,000 preferred shares for $95 per share.

Reference no: EM132614738

Questions Cloud

What is the applicable tax rate for Nepal Inc : Below is a list of income statement accounts for Nepal Inc. as of December 31, 2021: Revenue $5,960,000. What is the applicable tax rate for Nepal Inc
Why would one effect on health fall into the first group : Why would one effect on health fall into the first group, and why would another fall into the second group?
Concept of crossing abstraction layers : Based on the concept of crossing abstraction layers, can you fix the problem without knowing what is happened on "underneath layers"?
What graph would best represent this : They propose to run each experiment at 40°C with 5 mL of yeast what graph would best represent this?
Problem - Record the transactions : Problem - Record the transactions. The common shares were trading for $15.50 on the date the warehouse was acquired
How do prepare the general journal entry for january entry : Alpha's stock was trading on the open market for $9.75 per share on January 2nd. Prepare the General Journal entry for the January 2 entry.
Address search task methodically and effectively : Address the search task methodically and effectively. Identify important academic studies which can help you defining your model variables.
Do you feel you are helping your clients significantly : Do you feel you are helping your clients significantly? If not, what do you think are factors preventing you from performing at that desired level?
Make the general journal entry for march : On March 31, Alpha Corporation declared a 10% stock dividend when the market value was $10 per share. Prepare the General Journal entry for March 31

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