Reference no: EM132736434
Question: At December 31, 2017, poe enterprises had the following balances in its shareholders section of the balance sheet,
Common stock at $.50 par $300,000
APIC - Common stock $4,000,000
APIC - shar repurchase $50,000
Retained earnings $2,000,000
Treasury stock at cost, 30,000 shares (600,000)
During 2018, Poe completed the following transactions
Feb 20, issued 40,000 shares of common stock, (with a par $.50 parvalue) in exchange for a machine with an appraised value of $800,000
June 17, resold 15,000 shares of treasury stock for $240,000, (the treasury stock that was resold relates to common stock that was originally issue for $18 per share and was reacquired for $20 per share during 2017)
Dec 2, issue 10,000 shares of common stock for $24 value per share, share issue cost to promote the stock issue totaled $15,000
Dec 31, reported net income ofn $1,500,000 and other comprehensive income (OCI) of $200,000 on the company's statement of comprehensive income
Required: What is the journal entry for the following transactions above?
What is the journal entry for dec 31, there are two journal entries?
Prepare the equity section of the balance sheet
Common stock
Treasury stock
Apic common stock
Apic share repurchase
Retained earnings
Net income
Other comprehensive income
|
Find what the journal entry to reflect is
: Non-current asset with a carrying amount of Php50 000. The asset is revalued to Php60 000. The company tax rate is 30%. The journal entry to reflect this is
|
|
What the major crimes detectives
: explain why the police interviews of the victims are not successful and what the major crimes detectives can do to increase their effectiveness in interviewing
|
|
Explain deliberate and emergent strategic development
: Compare and contrast deliberate and emergent strategic development. In your opinion, is one better than another? Why?
|
|
What investment apr is
: you would like it to become 2 times this investment value in 6 years. Assuming semi-annual compounding, in order to meet this goal, your investment's APR is%.
|
|
What is the journal entry for the transactions
: What is the journal entry for the following transactions above? What is the journal entry for dec 31, there are two journal entries?
|
|
Explain the four specific drivers
: Explain each of the four specific drivers associated with international strategies
|
|
What is the regular selling price
: Pet Value paid $96 for a dog bed. Expenses are 22% of the selling price and the required profit is 17% of the selling price.
|
|
Introduction to victimology
: Explain how it is different from criminology, sociology, or psychology. What is the history of victimology, and how has it developed?
|
|
Export reporting to united states of america
: Export reporting in detail, the types, time limits, restrictions and uniqueness of export reporting to the United States of America
|