Produces spraying equipment for lawn maintenance

Assignment Help Accounting Basics
Reference no: EM131136880

Irrigate Smart Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On February 17 of the current year, Irrigate Smart Inc. reacquired 50,000 shares of itscommon stock at $12 per share. On April 29, 31,000 of the reacquired shares were sold at $15 per share, and on July 31, 12,000 of the reacquired shares were sold at $17.

Journalize the transactions of February 17, April 29, and July 31. For a compound transaction, if an amount box does not require an entry, leave it blank.

Reference no: EM131136880

Questions Cloud

Open new drive in widow complex at the water street location : Scenario Five: Your bank has decided to open a new drive-in widow complex at the Water Street location that is more accessible to its downtown customers. The new branch will operate three lanes and will be manned using customer service personnel that..
Mental health conditions and autoimmune diseases : At a pharmaceutical firm, researchers are assigned to clusters of diseases (mental health conditions, autoimmune diseases, neurological diseases) rather than to a specific drug research project. What might be some of the benefits of organizing the fi..
Determine the interest on the following notes : Se7. Determine the maturity date, interest at maturity, and maturity value for a 120-day, 8 percent, $34,000 note from Archer Corporation dated July 7. (Round to the nearest cent.)
Identify global strategic alliance or joint venture by firm : Identify a global strategic alliance or a joint venture by a firm. Explain the rationale for the strategic alliance or joint venture and discuss how the strategic alliance or joint venture worked out.
Produces spraying equipment for lawn maintenance : Irrigate Smart Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On February 17 of the current year, Irrigate Smart Inc. reacquired 50,000 shares of itscommon stock at $12 per share.
Discuss the role of job satisfaction : Discuss the role of job satisfaction and provide examples of strategies a manager can use to motivate an employee. if you were a Human Resource director, how would you coach a new manager to complete performance assessments with their employees? How ..
Planning to implement a company-wide policy with respect : The organization is planning to implement a company-wide policy with respect to bereavement leave that provides the same benefits to all employees, regardless of their province of employment and length of employment. Prepare a memo for the Human ..
A floral supply company with employees : Identify four specific items relating to bereavement leave that will have to be addressed in the policy to ensure compliance with the employment/labour standards in each jurisdiction.
Company expect the cost to increase each year : A small sheet metal company has estimated that its fuel costs for the next 4 years will have a present worth of $70000. The company expects the cost next year to be $15000, after which time the cost will increase according to a uniform gradient. At a..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Hussong inc appropriately uses theinstallment sales method

hussong inc. appropriately uses theinstallment sales method of revenue recognition. the company sold 1500000 on

  Paymore products places orders for goods equal to 75 of its

paymore products places orders for goods equal to 75 of its sales forecast in the next quarter. the sales forecasts for

  Suppose a firm faces a current tax rate of35 but expects to

1. suppose a firm faces a current tax rate of35 but expects to fall to 20 in the future employees on average face a

  Explain the difference between a closed-fact and open-fact

1. explain the difference between a closed-fact and open-fact situation.2. describe the format of a client memo.3.

  Solving the numerical on concepts of costs

Given the quantity and total fixed and variable costs, compute the remaining costs the complete the following table.

  Mozena corporation has collected the following information

mozena corporation has collected the following information after its first year of sales. sales were 1600000 on 100000

  Suppose the during the first month of the year 3750

stillwater designs rebuilds defective units of its s12l7 kicker speaker model. during the year stillwater rebuilt 7500

  Describe lifo as an inventory method

Which of the following statements best describes the reason that prepaid expense is listed on the statement of cash flows?

  What is the company''s accumulated benefit obligation

What is the company's accumulated benefit obligation at the end of 2013 with respect to Davenport?

  Compute stefani wilsons regular semimonthly earnings

Stefani Wilson, a medical secretary, earns $2,650 monthly for a 37½-hour week. For overtime work, she receives extra pay at the regular hourly rate up to 40 hours and time and one-half beyond 40 hours in any week. During one semimonthly pay period, W..

  Inventoriable costs george solti the controller

A certain portion of a company's "inventory" is composed of obsolete items. Should obsolete items that are not currently consumed in the production of "goods or services to be available for sale" be classified as part of inventory?

  Eastern real estate purchased a building for 600000 in 2001

eastern real estate purchased a building for 600000 in 2001. at the end of 2013 when it had a book value of 450000 it

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