User Account

All Pages

Record the correct entry on February

Assignment Help Accounting Basics
Reference no: EM132526365

Question - On January 2, 2020, Zapp Company has the following:

Common Stock ($5 par value, 20,000 shares issued) $100,000

Paid-in capital in excess of par-C.S. 50,000

Paid-in capital from treasury stock 1,500

Retained Earnings 200,000

Treasury stock (1000 shares at cost) 5,000

On February 1, 2020, Zapp Company reissues 600 shares of treasury stock for $2 per share. Record the correct entry on February 1 assuming the cost method was used to account for the treasury stock.

Reference no: EM132526365

Questions Cloud

Discuss how various marketing strategies can be used : Discuss how various marketing strategies can be used to increase public perception of the organization while considering both advantages and disadvantages.
What is Bill and Marys maximum QBI deduction : Bill and Mary filed a joint Federal income tax return this year. What is Bill and Mary's maximum QBI deduction if their total taxable income is $300,000
Define terrorism and explain how it is practiced : Define terrorism and explain in your own words how it is practiced. Elucidate if you think terrorism is a criminal act or an act of war. Support your answers.
Determine what is the materials quantity variance : Determine what is the Materials Quantity Variance and what is the Materials Price Variance? 2 blocks of solid Oak per carving at $15.00 per block
Record the correct entry on February : On February 1, 2020, Zapp Company reissues 600 shares of treasury stock for $2 per share. Record the correct entry on February
Explain the basic elements of public finance : Explain the basic elements of public finance and how the idea of branding can be an important aspect of budgeting for law enforcement and corrections agencies.
How much revenue should be reflected in the fiscal year : Big Blue University has a fiscal year that ends on June 30. How much revenue should be reflected in the fiscal year ended June 30, 2019
The insecurity of small to medium-sized companies : In the modern enterprise, IT staff must deal with the risks involved when employees bring their own devices and use them to access the company's WLAN
What is the total amount of maintenance cost to carpentry : What is the total amount of maintenance cost to the Carpentry Department (rounded to the nearest dollar) if administrative costs for the school.

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