What are the specific journal entries

Assignment Help Accounting Basics
Reference no: EM13509212

How do I record a contribution of $300K to a private company where the group contributing the money has only 3 x $2 shares. ie: what are the specific journal entries, particularly if that amount is not shown in the "bank" account

Reference no: EM13509212

Questions Cloud

Find pairs of sids such that the supplier with the ?rst sid : Find pairs of sids such that the supplier with the ?rst sid charges more for some part than the supplier with the second sid.
At what angle is the sun elevated above the horizon : A 600-m tall tower casts a 600-m long shadow over a level ground. At what angle is the sun elevated above the horizon
Determine the division of the net income : Plan (e), except that Driscoe is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the salary allowances.
How much gravitational potential energy has it lost : An object of mass M = 3.5 kg slides from rest a distance d = 6 m down a frictionless inclined plane where it encounters a spring. When the block just touches the spring, how much gravitational potential energy has it lost
What are the specific journal entries : private company where the group contributing the money has only 3 x $2 shares. ie: what are the specific journal entries, particularly if that amount is not shown in the "bank" account
Find by what amount is the spring extended : A block of mass m = 2.5 kg rests on a frictionless floor. It is attached to a spring with a relaxed length L = 6 m. By what amount is the spring extended
Strategic and operating plans and business risks : List the changes in your final sensitivity analysis, and explain why you chose this set of changes - briefly explain what Jordan would need to do to implement each of these changes.
How to give the entry for the issuance : Give the entry for the issuance, assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50. (Each valuation is on a per-share basis and there are ready markets for eac..
What is the work done by gravity on the system : A cart of mass M1 = 3 kg is attached to a block of mass M2 = 5 kg by a string that passes over a frictionless pulley. What is the work Wg done by gravity on the system

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determining future dividend value

A certain stock paid a dividend of $2.00 yesterday and has a history of growth in dividends of 15% annually. What dividend will the stock pay in 10 years?

  Unamortized bond discount question

Kitel uses the effective interest method of amortizingbond discount. Interest is payable annually on June 30. At June 30,2007, Kitel's unamortized bond discount should be

  The process of selling dairy to alice

Dell, in the process of selling his dairy to Alice, tells her it has been operating profitably for the last year and presents her with appropriate records to review. Alice reviews the records,

  Population for test consists

To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received has been recorded. The population for this test consists of all:

  Acceptance the asset

which of the following is not an indicator that the customer is likely to have control over a good? a)acceptance the asset B) assets warehouse by seller-affiliated thrird party c) legal litle to the asset

  Prepare the journal entry to record carson withdrawal

Carson, Letterman, and O'Brien are partners who share profits and losses 50%, 30%, and 20%, respectively. Their capital balances are $116,000, $69,000, and $34,000, respectively.

  Net of depreciation-consolidated balance sheet

At what amount should the equipment (net of depreciation) be included on the consolidated balance sheet dated December 31, 2009?

  Earnings per share for frantic fast foods

Frantic Fast Foods had earnings after taxes of 390000.00 in year 2009 with 300000.00 shares outstanding. On January 1, 2010 the firm issued 25000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings ..

  Calculate the average cost per equivalent unit

a. Calculate the equivalent units of production for the year.b. Calculate the average cost per equivalent unit (round to the nearest cent).

  How normal and abnormal spoilages information influences on

When a process costing system is used, explain how the normal and abnormal spoilages information influences on.

  Minutes of mixing machine time

Gloddy Company makes three products in a single facility. These products have the following unit product costs: How many minutes of mixing machine time would be required to satisfy demand for all three products.

  Information about risk aversion

Risk aversion implies which some securities will go unpurchased in market even if a large risk premium is paid to investors.

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