Homework Answers
| Apr-20 | Retained earnings | 344000 | |
| [490000-146000] | |||
| Paid in capital in excess of par-Common stock | 146000 | ||
| Dividends payable | 490000 | ||
| Jun-01 | Dividends payable | 490000 | |
| Cash | 490000 |
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ment CALCULATOR MESSAGE M'İNSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEX Brief Exercise 15-12 Tamarisk Mining Company...
ment NEXT PRINTER VERSION BACK FULL SCREEN MESSAGE MY INSTRUCTOR CALCULATOR Exercise 11-05 a-c Blossom Corporation...
ment NEXT PRINTER VERSION BACK FULL SCREEN MESSAGE MY INSTRUCTOR CALCULATOR Exercise 11-05 a-c Blossom Corporation issued 110,000 shares of $20 par value, cumulative, 8 % preferred stock on January 1, 2019, for $2,520,000. In December 2021, Blossom declared its first dividend of $750,000. Prepare Blossom's journal entry to record the issuance of the preferred stock. (Credit account titles are autonatically indented when amount is entered. Do not indent manualy. If no entry is required, select "No Entry" for the...
CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 15-4 Flounder Corporation issued 380...
CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 15-4 Flounder Corporation issued 380 shares of $10 par value common stock and 107 shares of $50 par value preferred stock for a lump sum of $15,507. The common stock has a market price of $20 per share, and the preferred stock has a market price of $90 per share. mal entry to record the issuance. (Round intermediate calculations to 6 decimal places, e.g. o.546872 and final answers to...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Brief Exercise 14-03 Crane Corporation has 51,500 shares of...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Brief Exercise 14-03 Crane Corporation has 51,500 shares of $11 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $17. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account s are automatically indented when amount is entered. Do...
10 Assignment Gradebook ORION Downloadable eTextbook ment CALCULATOR FULL SCREEN PRINTER VERSION * BACK Brief Exercise...
10 Assignment Gradebook ORION Downloadable eTextbook ment CALCULATOR FULL SCREEN PRINTER VERSION * BACK Brief Exercise 10-3 Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $20,330. All sales are subject to a 7% sales tax. x Your answer is incorrect. Try again. Compute sales taxes payable. Sales taxes payable SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. Make the entry to record sales...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Question 14 Sergel Company issued $400,000 of bonds on...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Question 14 Sergel Company issued $400,000 of bonds on January 1, 2020 Prepare the journal entry to record the redemption of the bonds at maturity, assuming the bonds were issued at 100. (Credit account titles are automatically indente when the amount is entered. Do not indent manually.) Account Tities and Explanation Debit Credit Prepare the journal entry to record the redemption of the bonds before maturity at 97. Assume the balance in Premium...
CALCULATOR HESSAGEMYINSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 13-2 Coronado Company borrowed $43,200 on...
CALCULATOR HESSAGEMYINSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 13-2 Coronado Company borrowed $43,200 on November 1, 2017, by signing a $43,200, 9%, 3-month note. Prepare Coronado's November 1, 2017, entry: the December 31, 2017, annual adjusting entry; and the February 1, 2018, entry. (f no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually,) Date Account Titles...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-11 Oriole Company traded a used truck...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-11 Oriole Company traded a used truck for a new truck. The used truck cost $45,600 and has accumulated depreciation of $41,040. The new truck is worth $56,240. Oriole also made a cash payment of $54,720 Prepare Oriole's entry to record the exchange. The exchange lacks commercial substance) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 192 Prepare the necessary closing entries based on...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 192 Prepare the necessary closing entries based on the following selected accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) $10,000 6,000 Accumulated Depreciation Depreciation Expense Owner's Capital Owner's Drawings Salaries and Wages Expense Service Revenue 20,000 9,000 19,000 40,000 Account Titles and Explanation Debit Credit (To close revenue account) (To close revenue account) (To close expense accont) (To close net income/loss) (To close owner's...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 14-5 Ayayal Company issued $552,000 of 10%, 20-year...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 14-5 Ayayal Company issued $552,000 of 10%, 20-year bonds on January 1, 2017, at 102, Interest is payable semiannually on Assume an effective yield of 9.7705%. July 1 and January 1. Ayayai Company uses the effective-interest method of amortization for bond premium or discount. Prepare the journal entries to record the following. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548. If no...
ment CALCULATOR FULL SCREEN PRINTER VERSION BACK Question 12 Cullumber Inc. issues $300,000, 10-year, 9% bonds...
ment CALCULATOR FULL SCREEN PRINTER VERSION BACK Question 12 Cullumber Inc. issues $300,000, 10-year, 9% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 1 Click if you would like to Show Work for this questioni Open Show Work By accessing this Question Assistance, you will learn while you...
ment NEXT PRINTER VERSION BACK FULL SCREEN MESSAGE MY INSTRUCTOR CALCULATOR Exercise 11-05 a-c Blossom Corporation issued 110,000 shares of $20 par value, cumulative, 8 % preferred stock on January 1, 2019, for $2,520,000. In December 2021, Blossom declared its first dividend of $750,000. Prepare Blossom's journal entry to record the issuance of the preferred stock. (Credit account titles are autonatically indented when amount is entered. Do not indent manualy. If no entry is required, select "No Entry" for the...
CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 15-4 Flounder Corporation issued 380 shares of $10 par value common stock and 107 shares of $50 par value preferred stock for a lump sum of $15,507. The common stock has a market price of $20 per share, and the preferred stock has a market price of $90 per share. mal entry to record the issuance. (Round intermediate calculations to 6 decimal places, e.g. o.546872 and final answers to...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Brief Exercise 14-03 Crane Corporation has 51,500 shares of $11 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $17. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account s are automatically indented when amount is entered. Do...
10 Assignment Gradebook ORION Downloadable eTextbook ment CALCULATOR FULL SCREEN PRINTER VERSION * BACK Brief Exercise 10-3 Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $20,330. All sales are subject to a 7% sales tax. x Your answer is incorrect. Try again. Compute sales taxes payable. Sales taxes payable SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. Make the entry to record sales...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Question 14 Sergel Company issued $400,000 of bonds on January 1, 2020 Prepare the journal entry to record the redemption of the bonds at maturity, assuming the bonds were issued at 100. (Credit account titles are automatically indente when the amount is entered. Do not indent manually.) Account Tities and Explanation Debit Credit Prepare the journal entry to record the redemption of the bonds before maturity at 97. Assume the balance in Premium...
CALCULATOR HESSAGEMYINSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 13-2 Coronado Company borrowed $43,200 on November 1, 2017, by signing a $43,200, 9%, 3-month note. Prepare Coronado's November 1, 2017, entry: the December 31, 2017, annual adjusting entry; and the February 1, 2018, entry. (f no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually,) Date Account Titles...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-11 Oriole Company traded a used truck for a new truck. The used truck cost $45,600 and has accumulated depreciation of $41,040. The new truck is worth $56,240. Oriole also made a cash payment of $54,720 Prepare Oriole's entry to record the exchange. The exchange lacks commercial substance) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 192 Prepare the necessary closing entries based on the following selected accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) $10,000 6,000 Accumulated Depreciation Depreciation Expense Owner's Capital Owner's Drawings Salaries and Wages Expense Service Revenue 20,000 9,000 19,000 40,000 Account Titles and Explanation Debit Credit (To close revenue account) (To close revenue account) (To close expense accont) (To close net income/loss) (To close owner's...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 14-5 Ayayal Company issued $552,000 of 10%, 20-year bonds on January 1, 2017, at 102, Interest is payable semiannually on Assume an effective yield of 9.7705%. July 1 and January 1. Ayayai Company uses the effective-interest method of amortization for bond premium or discount. Prepare the journal entries to record the following. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548. If no...
ment CALCULATOR FULL SCREEN PRINTER VERSION BACK Question 12 Cullumber Inc. issues $300,000, 10-year, 9% bonds at 96. Prepare the journal entry to record the sale of these bonds on March 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 1 Click if you would like to Show Work for this questioni Open Show Work By accessing this Question Assistance, you will learn while you...
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