User Account

All Pages

Write the journal entry on september

Assignment Help Accounting Basics
Reference no: EM132687910

Problem 1: An issue of 50 000 shares at $3 required $2.20 per share to be paid at the time of application. On allotment, another $0.30 was due and a further $0.50 to be called when determined by the board of directors. The application money in respect of the 50 000 shares was received on 8 July. On 26 July, the shares were issued with the amount due on allotment received on 15 August. The remaining $0.50 was called up on 20 September and received on 10 October. Write the journal entry on 20 September.

Reference no: EM132687910

Questions Cloud

Explain the potential impact of audit risk on company : Explain the potential impact of audit risk on company financial statement and detail the auditing procedures to verify the account balances impacted by the risk
Find how many sweatshirts would hooper need to sell to earn : Find How many sweatshirts would Hooper need to sell to earn a target profit of $10,500? (Round your final answer to the nearest whole number.)
How the built in loss exception works : How the built in loss exception works in regards to liquidating distributions. Be thorough in your explanation and provide an example to illustrate analysis
Write the journal entry to record carbae ltd share buyback : As of 30 June 2019,Carbae Ltd buys back the shares for a price of $0.75 per share. Write the journal entry to record Carbae Ltd's share buyback
Write the journal entry on september : An issue of 50 000 shares, The remaining $0.50 was called up on 20 September and received on 10 October. Write the journal entry on 20 September.
What the amount to be included in the gross estate is : Zonal value as determined by the CIR, P17M; FV determined by independent assessors, P18.5M. The amount to be included in the gross estate is?
Prepare year-end financial statements : Prepare year-end financial statements, and your boss has asked you to talk to Malone's managers about goodwill and whether an adjustment
Which of the statements is most likely to lead to effective : Which of the statements is most likely to lead to an effective code of ethics in a corporate organisation? If leadership reflects management's personal values.
Which of the statements regarding utilitarianism is correct : Which of the statements regarding utilitarianism is correct? The decision-maker focuses on the outcomes or consequences to themselves.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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