Rodriguez corporation issues

Assignment Help Accounting Basics
Reference no: EM13511475

Rodriguez corporation issues 19000 shares of its common stock for $152,000 cash on february 20. prepare journal entries to record this event under each of the following separate situations
1. the stock has a @dollar value
2. the stock has neither par nor stated value.
3. the stock has a $5 stated value

Reference no: EM13511475

Questions Cloud

Transactions occur during the month of july. : Transactions occur during the month of July.
Determine the final velocity of the other puck : Consider the collision between two hockey pucks in the figure below. They do not stick together. Their speeds before the collision are v1i = 27 m/s and v2i = 14 m/s. What is the final velocity of the other puck
Calculate hungryman''s preadjustment balance in accounts : Calculate Hungryman's preadjustment balance in accounts receivable on December 31, 2009.
Explain intuitive knowledge of chemistry and physics : Based on your intuitive knowledge of chemistry and physics, suggest WHY rubber is an elastomer @ room temperature but glass is not.
Rodriguez corporation issues : Rodriguez corporation issues 19000 shares of its common stock for $152,000 cash on february 20. prepare journal entries to record this event under each of the following separate situations
What is the speed of the lighter skater : Two ice skaters face each other, one is 100 kg and the other is 50 kg. They push against each other's palms and move apart. What is the speed of the lighter skater
Explain what is the theoretical yield for the reaction : 1.91 g H2 is allowed to react with 10.2 g N2, producing 1.17 g NH3. (a) What is the theoretical yield for this reaction under the given conditions. (b) What is the percent yield for this reaction under the given conditions
Case study - stonewall industries limited : What alternatives should the company explore prior to making its downsizing decision - which plant should the company downsize?
How fast are you going when your wheels are turning : Your car's speedometer works in much the same way as its odometer, except that it converts the angular speed of the wheels to a linear speed of the car, How fast are you going when your wheels are turning at 520 rpm

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the entry to record any unrealized holding

Shonen Knife Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 11% and has a carrying value of $16,000. At year-end, Shonen Knife's borrowing rate has declined; the fair ..

  Declared semiannual dividends of 140 on 35000 shares of

declared semiannual dividends of 1.40 on 35000 shares of preferred stock and 0.09 on the common stock to stockholders

  Balance sheet of a manufacturing company

Which one of the following does not appear on the balance sheet of a manufacturing company?

  Determine the payback period for this investment

Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $250,000 and will yield the following expected cash flows.

  Five-year lease agreement

Depreciation is recorded on a straight-line basis at end of each fiscal year. The useful life of equipment is five years.

  Proper accounting for cash receipts

The gift shop uses an online e-cash processing company, which deposits cash receipts to the gift shop's bank account automatically. What strategies should the gift shop implement to ensure proper accounting for cash receipts generate from online s..

  Sterling products a manufacturer of aircraft landing gear

sterling products a manufacturer of aircraft landing gear makes 1000 units each year of a special valve used in

  Selected information from a finanacial statement for two

selected information from a finanacial statement for two years. compute the percentage change from 2006 to 2007 when

  What was the amount of hanson''s cost of goods sold

Hanson Company uses a periodic inventory system. For 2012, its beginning inventory was $74,000; purchases of inventory were $328,000; and inventory at the end of the period was $89,000. What was the amount of Hanson's cost of goods sold for 2012?

  Analyzing the changes in each of the plant asset

Prepare a schedule analyzing the changes in each of the plant asset accounts during 2011. this schedule should include columns for beginning balance, increase, decrease and ending balance for each of the plant asset accounts.

  According to a summary of the payroll of apline publishing

according to a summary of the payroll of apline publishing co. 460000 was subject to the 7.5 fica tax. also 39000 was

  Company annual net cash inflows

In addition, Austin estimates that the new machine will increase the company's annual net cash inflows by $35,000. The machine will have a 12-year useful life and no salvage value.

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