Homework Answers
| Date | General Journal | Debit | Credit |
| Nov 01 | Cash | 1000 | |
| Investment in Melina Corporation | 750 | ||
| Gain on sale on Investment | 250 |
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Required information On November 1 Jerome sold some of its investment in Melina Corporation which had...
On July 1, Jerome received $200 in dividends from Melina Corporation on which it owns less...
On July 1, Jerome received $200 in dividends from Melina Corporation on which it owns less than 20% of the voting stock. Complete the necessary journal entry selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
please help with the above questions, thank you! Journal entry worksheet On September 15, Jerome, Inc.,...
please help with the above questions, thank you!
Journal entry worksheet On September 15, Jerome, Inc., paid $8,900 to make a long-term investment in available-for-sale securities by purchasing notes of Topper, Inc. Complete the necessary journal entry by selecting the account names from the pull- down menus and entering dollar amounts in the debit and credit columns. Note: Enter debits before credits Date General Journal Debit Credit Sep 15 explanation View general journal Record entry Clear entry Assume that Jerome's...
ULDUM Equity secundes... 1 Saved Required information Journal entry worksheet Jerome, Inc., paid $8,850 to make...
ULDUM Equity secundes... 1 Saved Required information Journal entry worksheet Jerome, Inc., paid $8,850 to make a debt investment in trading securities of Tedesco, Inc. On December 30, (within the same fiscal year), Jerome sold some of these debt securities that had a cost of $6,500 for $7,000 cash. Complete the necessary adjusting entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit Note: Enter debits before credits. Date General Journal...
requires explanation Videos Account for equity Securities within for equity securities with insignificant L O Required...
requires explanation
Videos Account for equity Securities within for equity securities with insignificant L O Required information Knowledge Check 01 Jerome has insignificant influence of Melina Corporation because it owns less than 20% of the voting stock. The cost of the Melina stock is $5,000 and has a fair value of $6,000 on December 31 at the end of the first year it held the securities. Complete the necessary adjusting entry selecting the account names from the pull-down menus and...
Assume that on April 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two year...
Assume that on April 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two year bonds with a $100.000 par value. The bonds pay interest semiannually on March 31 and September 30. Jerome intends to hold the bonds until they mature Complete the necessary journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns View transaction list Journal entry worksheet Assume that on April 1, Jerome, Inc., paid...
Assume that on July 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds...
Assume that on July 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100,000 par value. The bonds pay interest semiannually on December 31 and June 30. Jerome intends to hold the bonds until they mature. Complete the necessary December 31 entry to record receipt of interest by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
Jerome, Inc, owned a single short-term available for sale security with a cost of $40,000 and...
Jerome, Inc, owned a single short-term available for sale security with a cost of $40,000 and a fair value of $40,500 at December 31 of the previous year. At that time, an adjusting entry was recorded for the fair value adjustment with a debit to Fair Value Adjustment- Available for sale for $500 and a credit to Unrealized Gain Equity for $500. Jerome sold that security for $39.900 on January 4 of the current year. Complete the necessary journal entry...
On Sept. Paddington Inc, issued 1.000 shares of $10 stated value common stock for cash of...
On
Sept. Paddington Inc, issued 1.000 shares of $10 stated value
common stock for cash of $10 per share Complete the necessary
journal entry by selecting the account names from the drop down
menus and entering the dollar amounts in the debitor credit columns
-43/16 14916 +20 634 77376 No-par stock is issued or not assigned a stato entire proceeds credited to a no-par stock ac Knowledge Check 01 On Sept. 1, Paddington, Inc., issued 1,000 shares of $10 stated...
Jerome, Inc., owned a single short term available for sale security with a cost of $40,000...
Jerome, Inc., owned a single short term available for sale security with a cost of $40,000 and a fair value of $40,500 at December 31 of the previous year. At that time, an adjusting entry was recorded for the fair volue adjustment with a debit to Fair Value Adjustment Available for sale for $500 and a credit to Unrealized Gain-Equity for $500. Jerome sold that security for $39,900 on January 4 of the current year. Complete the necessary journal entry...
Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the...
Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on December 1, 2018, the board voted to declare a cash dividend of $5 per share to be paid on December 31, 2018, to shareholders of record as of December 16, 2018. Complete the necessary journal entry on the date of declaration by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit...
please help with the above questions, thank you!
Journal entry worksheet On September 15, Jerome, Inc., paid $8,900 to make a long-term investment in available-for-sale securities by purchasing notes of Topper, Inc. Complete the necessary journal entry by selecting the account names from the pull- down menus and entering dollar amounts in the debit and credit columns. Note: Enter debits before credits Date General Journal Debit Credit Sep 15 explanation View general journal Record entry Clear entry Assume that Jerome's...
ULDUM Equity secundes... 1 Saved Required information Journal entry worksheet Jerome, Inc., paid $8,850 to make a debt investment in trading securities of Tedesco, Inc. On December 30, (within the same fiscal year), Jerome sold some of these debt securities that had a cost of $6,500 for $7,000 cash. Complete the necessary adjusting entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit Note: Enter debits before credits. Date General Journal...
requires explanation
Videos Account for equity Securities within for equity securities with insignificant L O Required information Knowledge Check 01 Jerome has insignificant influence of Melina Corporation because it owns less than 20% of the voting stock. The cost of the Melina stock is $5,000 and has a fair value of $6,000 on December 31 at the end of the first year it held the securities. Complete the necessary adjusting entry selecting the account names from the pull-down menus and...
Assume that on April 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two year bonds with a $100.000 par value. The bonds pay interest semiannually on March 31 and September 30. Jerome intends to hold the bonds until they mature Complete the necessary journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns View transaction list Journal entry worksheet Assume that on April 1, Jerome, Inc., paid...
Jerome, Inc, owned a single short-term available for sale security with a cost of $40,000 and a fair value of $40,500 at December 31 of the previous year. At that time, an adjusting entry was recorded for the fair value adjustment with a debit to Fair Value Adjustment- Available for sale for $500 and a credit to Unrealized Gain Equity for $500. Jerome sold that security for $39.900 on January 4 of the current year. Complete the necessary journal entry...
On
Sept. Paddington Inc, issued 1.000 shares of $10 stated value
common stock for cash of $10 per share Complete the necessary
journal entry by selecting the account names from the drop down
menus and entering the dollar amounts in the debitor credit columns
-43/16 14916 +20 634 77376 No-par stock is issued or not assigned a stato entire proceeds credited to a no-par stock ac Knowledge Check 01 On Sept. 1, Paddington, Inc., issued 1,000 shares of $10 stated...
Jerome, Inc., owned a single short term available for sale security with a cost of $40,000 and a fair value of $40,500 at December 31 of the previous year. At that time, an adjusting entry was recorded for the fair volue adjustment with a debit to Fair Value Adjustment Available for sale for $500 and a credit to Unrealized Gain-Equity for $500. Jerome sold that security for $39,900 on January 4 of the current year. Complete the necessary journal entry...
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