Record the journal entries on september and december

Assignment Help Accounting Basics
Reference no: EM133140409

Question - Playground Equipment Inc. had 180,000 common shares issued and outstanding as at December 31, 2021. The shares had been issued for $9.80 each. On September 12, 2022, Playground repurchased and retired 55,000 of these shares at $9.40 each, the first retirement ever recorded by Playground. Playground also repurchased and retired 35,000 shares at $11.70 on December 17, 2022. Record the Journal entries on September 12 and December 17?

Reference no: EM133140409

Questions Cloud

Journalize transactions and closing entries for net income : On January 1, 2018, Alexander Company had the following equity accounts. Journalize the transactions and the closing entries for net income and dividends
What is the impact on liabilities based on this change : What is the impact on liabilities based on this change in recording of the ski-hill improvements this year
What should be the depreciation expense on this machine : During the preparation of the Company's 2023 financial statements, the error was discovered by the auditors. What should be the Depreciation expense
Make a statement of profit or loss and comprehensive income : Make a statement of profit or loss and comprehensive income for Moon Corporation for the year ended December 31, 20x1
Record the journal entries on september and december : Playground also repurchased and retired 35,000 shares at $11.70 on December 17, 2022. Record the Journal entries on September 12 and December 17
What is the highest total contribution margin : Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution margin that the company can earn
Outline your personal website in an overview : Outline your personal website in an overview and discuss its Target Audience - Think about one core demographic that will want to use your website
Prepare the journal entry to record the purchase : Rodriguez Company pays $321,165 for real estate with land, land improvements, Prepare the journal entry to record the purchase
Calculate helen net pay : Helen works for Jefferson Movers in Alberta and earns an annual salary of $52,344.00 paid. Calculate Helen net pay

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd