User Account

All Pages

When should you make the general journal

Assignment Help Accounting Basics
Reference no: EM132720386

Question: 1. On the 22nd June 20X3 the company determined a final dividend of 4.0 cents per ordinary share. This was declared on the 14th July 20X3 and paid three (3) days after the annual general meeting which was held on the 28th September 20X3.

When should you make the general journal?

Reference no: EM132720386

Questions Cloud

What accounting problems need to be resolved : Some accountants argue that the receiving department should be eliminated. Discuss the objective of eliminating the receiving function.
Discuss the appropriate treatment in the income statement : The FASB has developed specific guidelines for what to include in income (Income Statement) and how to report certain unusual and infrequent items.
What is the original acquisition cost of the property : Clorox has disposed of some property, plant and equipment during fiscal year 2020. Assume that there has been no impairment over the year.
Prepare the relevant journal entries for borrower : At January 1, 2021, Borrower, Inc., was indebted to Lender Bank under a $600,000, 9% unsecured note. The note was signed January1, 2016, and was due December 31
When should you make the general journal : On the 22nd June 20X3 the company determined a final dividend of 4.0 cents per ordinary share. This was declared on the 14th July 20X3 and paid three (3) days.
What are the three major elements of a product cost : What are the three major elements of a product's cost in a manufacturing company. Think of two real-life products and name costs that would go into making.
Post the closing entries and balance the accounts : The ledger of Bridgeport Company contains the following balances: Salaries and Wages Expense $25,500, and Supplies Expense $7,000.
How do you determine depreciation policy assumptions : Using the balance sheet and income statement, how do you calculate the depreciation expense for each $100 dollars invested in new equipment?
Choos when revenue will be recognized : Presented below are three revenue recognition situations. Groupo sells goods to MTN for $1,075,000, payment due at delivery.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Use of a process costing system

A single product in one department and uses a process costing system. At the start of May, there were 10,000 units in process that were 100 percent complete with respect to direct material and 60 percent complete with respect to conversion costs (..

  Compute mike taxable income

Mike, single, age 31, had the following items for 2010:Nonbusiness bad debt ($4,500). Compute Mike's taxable income for 2010

  Present and future value of an uneven cash flow stream an

present and future value of an uneven cash flow stream an investment will pay 100 at the end of each of the next 3

  Determine how much would appear on beal flexible budget

Beal Manufacturing Co.'s static budget at 12,000 units of production, Determine how much would appear on Beal's flexible budget for 2016

  How the treatments and disclosures about impairment

How the treatments and disclosures about impairment suggested by you for the year ended 30 June 2020 meet the fundamental characteristics

  Prepare current assets section of the balance sheet

Prepare current assets section of the balance sheet. Ending balances needed are as follows: Cash, $13,500; Accounts Receivable, $165,000

  What is the company cash cycle

Ives Corp. has an inventory period of 22.6 days, an accounts payable period of 37.7 days, What is the company's cash cycle

  Should a company be happy or concerned

Do customer relationships begin as transactional and move toward strategic partnerships?Should a company be happy or concerned

  A company uses a process cost accounting system its

a company uses a process cost accounting system. its assembly departments beginning inventory consisted of 50000 units.

  A local retail business owner is preparing her june budget

a local retail business owner is preparing her june budget and plans on sales of 15000 units 6 per unit or 90000 with

  Draft a memo for the file outlining

Caleb Samford calls you and says that his two-person S corporation was involuntarily terminated in February 2010. He asks you if they can make a new S election now, in November 2011. Draft a memo for the file outlining what you told Caleb.

  Prepare the journal entries for the original purchase

On February 12, Paddison, Inc. purchased 60,000 shares of Spell Company at $42 per share. Prepare the journal entries for the original purchase

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