User Account

All Pages

What the entry to record the reissuance of treasury shares

Assignment Help Financial Accounting
Reference no: EM132929823

Green corp was organized on jan 2, 2021 with 50,000 authorized shares of P5 par ordinary shares. During 2021, the entity had the following transactions:

January 14 - issued 20,000 shares at P11 per share

July 28 - repurchased 5,000 shares at P16 per share

December 5 - reissued the 5,000 shares held in treasury for P19 per share

Question 1: The entry to record the reissuance of 5,000 treasury shares on December 5, 2021 would include a credit to?

Question 2: how much is recorded for treasury stock on july 18, 2021?

Question 3: how much spare minimum is recorder by green corp on JAn 14?

Reference no: EM132929823

Questions Cloud

Why is job-fit important for recruitment : Why is job-fit important for recruitment? and how do i persuasive language to convince manager that the candidate needs append personality?
What role can hr play to ensure that the partners : What role can HR play to ensure that the partners (i.e., the franchisees) continue to re-invest at Boost? (Refer p.22 of the case hand out)
What sum of money hector originally invested is closest to : What the sum of money Hector originally invested is closest to? Twenty years ago, Hector invested a sum of money in an account earning interest.
What do think the causes are for maximum profit : Detail your understanding on 'Maximum Profit', What do you think the causes are for 'Maximum Profit' and 'Maximum Loss' and why do you think so?
What the entry to record the reissuance of treasury shares : What the entry to record the reissuance of 5,000 treasury shares on December 5, 2021 would include a credit to? How much is recorded for treasury stock on july?
Explain any three management tactics : Explain any three management tactics used by organisations to deal with industrial action
Concept of equal opportunity : How does a diversity management approach support and enable workers with a disability? In your answer, consider the link to various HR functions such as recruit
How could balance with the idea of borrowing money : If running a business according to godly principles, how could you balance this with the idea of borrowing money to start a business or to grow a business?
How much be contributed to rr assuming mm is insolvent : The liquidation of a partnership of Estudillo, Earla and Esteban, resulted in a deficiency, How much should be contributed tio RR assuming MM is insolvent?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Taxpayer had an investment with an adjusted basis

A taxpayer had an investment with an adjusted basis of $125,000, subject to a mortgage of $75,000. When the property had value of $375,000, it was exchanged for another parcel of land, which the taxpayer is similarly holding for investment. The other..

  Identify which accounting principle is being addressed

Mary Harler, As an ethical accountant, what would your recommended action be? Identify which accounting principle is being addressed

  How did sarbanes-oxley act strengthen auditing independent

How did the Sarbanes-Oxley Act strengthen auditing independence? Which of the following accounts would be part of the Revenue Cycle?

  What is the net realizable value of receivables

If the company has made no entries yet this year relating to bad debts and they specifically writeoff $90,000 of receivables

  How much money is in the college fund today

The first two years before increasing to 6% compounded quarterly for the balance of the investment. How much money is in the college fund today?

  Calculate the deferred tax asset and liability

Tiger’s tax depreciation exceeds book depreciation by $80,000. Calculate the current, deferred, and total tax expense for 2014 and prepare the journal entry needed to record this. Calculate the deferred tax asset/liability for 2014 and prepare the jo..

  What amount would have to deposit

She has decided to make one lump-sum payment on her 36th birthday to cover her retirement needs. What amount would she have to deposit?

  What do suggest in view of the past amortization policy

What do suggest in view of the past amortization policy of the company? Biden Inc., purchased a 20-year lease, paying P450,000 for it at the time of purchase

  Preparation of schedule of cost of goods manufactured

Preparation of schedule of cost of goods manufactured LO P2 Given the following selected account balances of Delray Mfg. Sales $ 1,168,000 Raw materials inventory, Dec. 31, 2014 42,000 Work in process inventory, Dec. 31, 2014 60,000 Finished goods in..

  Managers place a high priority on internal control

Managers place a high priority on internal control systems because the systems assist managers

  What amount of impairment loss allocated to inventment

Building 16,000,000; Equipment 8,000,000; and Inventory 8,000,000. What amount of impairment loss should be allocated to Inventory

  What are the total carrying costs

ABC Company sells 4,994 chairs a year at an average price per chair of $199. The carrying cost per unit is $32.43. The company orders 479 chairs at a time and has a fixed order cost of $25.3 per order. The chairs are sold out before they are resto..

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