Homework Answers
1) Journal entry
| No | General Journal | Debit | Credit |
| June 25 | Retained earnings (35000*3) | 105000 | |
| Dividend payable | 105000 | ||
| July 20 | Dividend payable | 105000 | |
| Cash | 105000 | ||
| Dec 31 | Income summary | 80000 | |
| Retained earnings | 80000 | ||
2) Year end retained earnings = Beginning balance+Net income-Dividend = 125000+80000-105000 = 100000
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The following selected transactions took place...
eBook Calculator Print Item Entries for Selected Corporate Transactions Entries for Selected Corporate Transactions Morrow Enterprises...
eBook Calculator Print Item Entries for Selected Corporate Transactions Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2045, are as follows Common Stock, $10 stated value (800,000 shares authorized, 520,000 shares issued) Pald-In Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (52,000 shares, at cost) $5,200,000 1,000,000 11,800,000 780,000 The following selected transactions occurred during the year: Jan. 22. Paid cash...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2045, are as fol $5,600,000 Common Stock, $10 stated value (850,000 shares authorized, 560,000 shares issued) Paid-In Capital in Excess of Stated Value-Common Stock 1,050,000 12,710,000 Retained Earnings 840,000 Treasury Stock (56,000 shares, at cost) The following selected transactions occurred during the year: o Jan. 22. Paid cash dividends of $0.14 per share on the common...
eBook Calculator Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures bathroom fixtures. The stockholders' equity...
eBook Calculator Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2045, are as follows: $2,800,000 Common Stock, $10 stated value (400,000 shares authorized, 280,000 shares issued) Paid In Capital in Excess of Stated Value Common Stock 550,000 6,360,000 Retained Earnings 420,000 Treasury Stock (28,000 shares, at cost) The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.14 per share...
Ch 13 HWB Comprehensive Prob 75 pts Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures...
Ch 13 HWB Comprehensive Prob 75 pts Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2045, are as follows: 0.000 Common Stock, $10 stated value (350,000 shares authorized, 240,000 shares issued) Paid-In Capital in Excess of Stated Value-Common Stock 50,000 > Retained Earnings 5.450.000 Treasury Stock (24,000 shares, at cost) The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders' equity accounts,...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders' equity accounts, with balances on January 1, 20Y6, are as follows: Common Stock, $10 stated value (900,000 shares authorized, 600,000 shares issued) $6,000,000 Paid-In Capital in Excess of Stated Value-Common Stock 1,150,000 Retained Earnings 13,620,000 Treasury Stock (60,000 shares, at cost) 840,000 The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.15 per share on the common stock. The dividend had...
- Calculator Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures bathroom fixtures. The stockholders' equity...
- Calculator Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2015, are as follows: Common Stock, $10 stated value (800,000 shares authorized, 520,000 shares issued) $5,200,000 Paid-In Capital in Excess of Stated Value-Common Stock 1,000,000 Retained Earnings 11,800,000 Treasury Stock (52,000 shares, at cost) 728,000 The following selected transactions occurred during the year Jan. 22. Paid cash dividends of $0.13 per share on the...
Entries for selected corporate transactions.
Accounting (24th) warren/reeve/duchac - page 616 PR 13-4AEntries for selected corporate transaction Tolbert Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Tolbert enterprises Inc., withbalances on January 1, 2012 are as follows:common stock, $10 stated value (600,000 shares authorized, 400,000 shares issued) -$4,000,000Paid-In capital in Excess of Stated Value - $750,000Retained Earnings - $ 9,150,000Treasury stock (40,000 shares, at cost) - $600,000The following selected transactions occurred during the year:Jan 4. paid cash dividends of $0.13 per share on...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2045, are as follows: Common Stock, $10 stated value (300,000 shares authorized, 200,000 shares issued) $2,000,000 Paid-In Capital in Excess of Stated Value-Common Stock 400,000 Retained Earnings 4,540,000 Treasury Stock (20,000 shares, at cost) 280,000 The following selected transactions occurred during the year Jan. 22. Paid cash dividends of $0.13 per share on the common stock....
Speedy Cleaning Service began its operations on December 1, 2019. The following transactions took place during...
Speedy Cleaning Service began its operations on December 1, 2019. The following transactions took place during its first month of operations. The company uses the calendar year as its reporting period. During December, the company completed the following transactions. Summary of Transactions: Dec. 1 Stockholders invested $14,000 cash in the business in exchange for common stock. Dec. 2 Purchased a used truck for $10,000, paying $3,000 cash and the balance on account Dec. 3 Dec. 5 Dec. 12 Purchased cleaning...
please help to make sure box's below are the correct numbers. I am having a hard...
please help to make sure box's below are the correct numbers. I
am having a hard time and need help. Tx & I will Rate! :)
Entries for Selected Corporate Transactions
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow
Enterprises’ stockholders’ equity accounts, with balances on
January 1, 20Y6, are as follows:
Common Stock, $10 stated value (900,000 shares authorized,
600,000 shares issued)
$6,000,000
Paid-In Capital in Excess of Stated Value-Common Stock
1,150,000
Retained Earnings
13,620,000
Treasury Stock (60,000 shares, at...
eBook Calculator Print Item Entries for Selected Corporate Transactions Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2045, are as follows Common Stock, $10 stated value (800,000 shares authorized, 520,000 shares issued) Pald-In Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (52,000 shares, at cost) $5,200,000 1,000,000 11,800,000 780,000 The following selected transactions occurred during the year: Jan. 22. Paid cash...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2045, are as fol $5,600,000 Common Stock, $10 stated value (850,000 shares authorized, 560,000 shares issued) Paid-In Capital in Excess of Stated Value-Common Stock 1,050,000 12,710,000 Retained Earnings 840,000 Treasury Stock (56,000 shares, at cost) The following selected transactions occurred during the year: o Jan. 22. Paid cash dividends of $0.14 per share on the common...
eBook Calculator Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2045, are as follows: $2,800,000 Common Stock, $10 stated value (400,000 shares authorized, 280,000 shares issued) Paid In Capital in Excess of Stated Value Common Stock 550,000 6,360,000 Retained Earnings 420,000 Treasury Stock (28,000 shares, at cost) The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.14 per share...
Ch 13 HWB Comprehensive Prob 75 pts Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2045, are as follows: 0.000 Common Stock, $10 stated value (350,000 shares authorized, 240,000 shares issued) Paid-In Capital in Excess of Stated Value-Common Stock 50,000 > Retained Earnings 5.450.000 Treasury Stock (24,000 shares, at cost) The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders' equity accounts, with balances on January 1, 20Y6, are as follows: Common Stock, $10 stated value (900,000 shares authorized, 600,000 shares issued) $6,000,000 Paid-In Capital in Excess of Stated Value-Common Stock 1,150,000 Retained Earnings 13,620,000 Treasury Stock (60,000 shares, at cost) 840,000 The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.15 per share on the common stock. The dividend had...
- Calculator Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2015, are as follows: Common Stock, $10 stated value (800,000 shares authorized, 520,000 shares issued) $5,200,000 Paid-In Capital in Excess of Stated Value-Common Stock 1,000,000 Retained Earnings 11,800,000 Treasury Stock (52,000 shares, at cost) 728,000 The following selected transactions occurred during the year Jan. 22. Paid cash dividends of $0.13 per share on the...
Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2045, are as follows: Common Stock, $10 stated value (300,000 shares authorized, 200,000 shares issued) $2,000,000 Paid-In Capital in Excess of Stated Value-Common Stock 400,000 Retained Earnings 4,540,000 Treasury Stock (20,000 shares, at cost) 280,000 The following selected transactions occurred during the year Jan. 22. Paid cash dividends of $0.13 per share on the common stock....
Speedy Cleaning Service began its operations on December 1, 2019. The following transactions took place during its first month of operations. The company uses the calendar year as its reporting period. During December, the company completed the following transactions. Summary of Transactions: Dec. 1 Stockholders invested $14,000 cash in the business in exchange for common stock. Dec. 2 Purchased a used truck for $10,000, paying $3,000 cash and the balance on account Dec. 3 Dec. 5 Dec. 12 Purchased cleaning...
please help to make sure box's below are the correct numbers. I
am having a hard time and need help. Tx & I will Rate! :)
Entries for Selected Corporate Transactions
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow
Enterprises’ stockholders’ equity accounts, with balances on
January 1, 20Y6, are as follows:
Common Stock, $10 stated value (900,000 shares authorized,
600,000 shares issued)
$6,000,000
Paid-In Capital in Excess of Stated Value-Common Stock
1,150,000
Retained Earnings
13,620,000
Treasury Stock (60,000 shares, at...
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