Homework Answers
Add Answer to:
On July 1. Splish Brothers Inc, purchases 580 shares of its 55 par value common stock...
On July 1, Skysong, Inc. purchases 430 shares of its $5 par value common stock for...
On July 1, Skysong, Inc. purchases 430 shares of its $5 par value common stock for the treasury at a cash price of $8 per share. Journalize the treasury stock transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit
On July 1, Shamrock, Inc. purchases 510 shares of its $5 par value common stock for...
On July 1, Shamrock, Inc. purchases 510 shares of its $5 par value common stock for the treasury at a cash price of $8 per share. Journalize the treasury stock transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Treasury Stock 2550 Cash 2550 Cash
On January 1, 2020, Splish Brothers Inc. had $1,485,000 of common stock outstanding that was issued at par. 1t also...
On January 1, 2020, Splish Brothers Inc. had $1,485,000 of common stock outstanding that was issued at par. 1t also had retained earnings of $751,000. The company issued 45,000 shares of common stock at par on July 1 and earned net income of $390,000 for the year Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no...
Brief Exercise 11-5 On July 1, Raney Corporation purchases 520 shares of its $7 par value...
Brief Exercise 11-5
On July 1, Raney Corporation purchases 520 shares of its $7 par
value common stock for the treasury at a cash price of $9 per
share. On September 1, it sells 370 shares of the treasury stock
for cash at $13 per share.
Journalize the two treasury stock transactions. (Record
journal entries in the order presented in the problem. Credit
account titles are automatically indented when amount is entered.
Do not indent manually. If no entry is...
Splish Brothers Inc. has 71,000 shares of common stock outstanding. It declares a $2 per share...
Splish Brothers Inc. has 71,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is...
Splish Corporation issued 310 shares of $8 par value common stock for $3,720. Prepare Splish’s journal...
Splish Corporation issued 310 shares of $8 par value common
stock for $3,720.
Prepare Splish’s journal entry. (Credit account titles
are automatically indented when amount is entered. Do not indent
manually. If no entry is required, select "No Entry" for the
account titles and enter 0 for the
amounts.)
Account Titles and Explanation
Debit
Credit
On June 1, Larkspur, Inc. issues 2,200 shares of no-par common stock at a cash price...
On June 1, Larkspur, Inc. issues 2,200 shares of no-par common stock at a cash price of $9 per share. Journalize the issuance of the shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter0 for the amounts.) Date Account Titles and Explanation Debit Credit June 1
On June 1, Shamrock, Inc. issues 2,600 shares of no-par common stock at a cash price...
On June 1, Shamrock, Inc. issues 2,600 shares of no-par common stock at a cash price of $8 per share. Journalize the issuance of the shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit June 1
On June 1, Metlock, Inc. issues 2.400 shares of no-par common stock at a cash price...
On June 1, Metlock, Inc. issues 2.400 shares of no-par common stock at a cash price of $ 5 per share. Journalize the issuance of the shares. (Credit account titles are automatically Indented when amount is entered. Do not indent manually Itf no entry is required, select No Entry' for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit June 1
Sprinkle Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2017,...
Sprinkle Inc. has outstanding 10,000 shares of $10 par value
common stock. On July 1, 2017, Sprinkle reacquired 100 shares at
$87 per share. On September 1, Sprinkle reissued 60 shares at $90
per share. On November 1, Sprinkle reissued 40 shares at $83 per
share.
Prepare Sprinkle’s journal entries to record these transactions
using the cost method. (Credit account titles are
automatically indented when the amount is entered. Do not indent
manually. If no entry is required, select "No...
On July 1, Skysong, Inc. purchases 430 shares of its $5 par value common stock for the treasury at a cash price of $8 per share. Journalize the treasury stock transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit
On July 1, Shamrock, Inc. purchases 510 shares of its $5 par value common stock for the treasury at a cash price of $8 per share. Journalize the treasury stock transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Treasury Stock 2550 Cash 2550 Cash
On January 1, 2020, Splish Brothers Inc. had $1,485,000 of common stock outstanding that was issued at par. 1t also had retained earnings of $751,000. The company issued 45,000 shares of common stock at par on July 1 and earned net income of $390,000 for the year Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no...
Brief Exercise 11-5
On July 1, Raney Corporation purchases 520 shares of its $7 par
value common stock for the treasury at a cash price of $9 per
share. On September 1, it sells 370 shares of the treasury stock
for cash at $13 per share.
Journalize the two treasury stock transactions. (Record
journal entries in the order presented in the problem. Credit
account titles are automatically indented when amount is entered.
Do not indent manually. If no entry is...
Splish Brothers Inc. has 71,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is...
Splish Corporation issued 310 shares of $8 par value common
stock for $3,720.
Prepare Splish’s journal entry. (Credit account titles
are automatically indented when amount is entered. Do not indent
manually. If no entry is required, select "No Entry" for the
account titles and enter 0 for the
amounts.)
Account Titles and Explanation
Debit
Credit
On June 1, Larkspur, Inc. issues 2,200 shares of no-par common stock at a cash price of $9 per share. Journalize the issuance of the shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter0 for the amounts.) Date Account Titles and Explanation Debit Credit June 1
On June 1, Shamrock, Inc. issues 2,600 shares of no-par common stock at a cash price of $8 per share. Journalize the issuance of the shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit June 1
On June 1, Metlock, Inc. issues 2.400 shares of no-par common stock at a cash price of $ 5 per share. Journalize the issuance of the shares. (Credit account titles are automatically Indented when amount is entered. Do not indent manually Itf no entry is required, select No Entry' for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit June 1
Sprinkle Inc. has outstanding 10,000 shares of $10 par value
common stock. On July 1, 2017, Sprinkle reacquired 100 shares at
$87 per share. On September 1, Sprinkle reissued 60 shares at $90
per share. On November 1, Sprinkle reissued 40 shares at $83 per
share.
Prepare Sprinkle’s journal entries to record these transactions
using the cost method. (Credit account titles are
automatically indented when the amount is entered. Do not indent
manually. If no entry is required, select "No...
Most questions answered within 3 hours.
-
1,1-dimethylcyclorohexane reacts with single bromine atom
asked 48 seconds from now -
A 0.0510 M solution of an organic acid has an
[H+] of 7.50×10-4M .
What is...
asked 2 minutes ago -
The completed Lewis structure of CO2 contains a total
of 0,1,2,3,4,5,6,7,8 covalent bonds
and 0,1,2,3,4,5,6,7,8 lone pairs.
NOTE:...
asked 5 minutes ago -
what is the profit-maximizing output condition that a
monopolistically competitive firm must satisfy? a) price charged...
asked 7 minutes ago -
Consider the set of ordered pairs shown below. Assuming that the
regression equation is y=3.513+0.429x and...
asked 28 minutes ago -
1. (A) Write two
structural (constitutional)
isomers of C4H8F2?
Please show all of
the
asked 30 minutes ago -
Objective: Practice converting a Boolean logic
expression into it’s truth table and to show the implementation...
asked 27 minutes ago -
1) Name the three holes located in the greater wing of the
sphenoid bone in order...
asked 31 minutes ago -
For the following reaction set-up, which type of hydrocarbon
product would form? 1,4-hexadiene + two Cl2...
asked 33 minutes ago -
Consider the following method that is intended to determine if
the double values d1 and d2...
asked 46 minutes ago -
could someone please post clear drawings of the three structures
in the equilibrium mixture of D-glucose...
asked 53 minutes ago -
Using the Properties of Order show that 5n5 +
4n4 + 6n3 + 2n2+ n +...
asked 56 minutes ago