Homework Answers
ANSWER:
| Transactions | Liquidity | type of activity |
|---|---|---|
| 1 | cash outflow | investing activity |
| 2 | cash inflow | financing activity |
| 3 | cash inflow | financing activity |
| 4 | cash outflow | financing activity |
| 5 | cash inflow | investing activity |
| 6 | cash outflow | investing activity |
| 7 | cash outflow | financing activity |
| 8 | cash outflow | investing activity |
Add Answer to:
+ 110DINI IU POLLS The Son's Deli has engaged in several transactions during the year as...
The Westside Deli has engaged in several transactions during the year as follows: Type of liquidity...
The Westside Deli has engaged in several transactions during the year as follows: Type of liquidity activity Cash Transactions 1. 2. 3. 4. 5. 6. 7. 8. Purchased a delivery van for $15,000 and paid cash Sold 100 shares of capital stock with a S5 par value per share for 10S per share Borrowed S15,000 from the local saving and loan institution on a long-terms basis Paid dividends of S10,000 during the year Sold investments, with book value of $8,000,...
2.Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in...
2.Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $46,000 2) borrowed $28,000 from its bank 3) provided consulting services for $44,000 cash 4) paid back $18,000 of the bank loan 5) paid rent expense for $10,500 6) purchased equipment for $15,000 cash 7) paid $3,300 dividends to stockholders 8) paid employees' salaries of $24,000 What is Yowell's net cash flow from operating activities? Multiple...
Green Line Corporation was organized in January 2019. During 2019, Green Line engaged in the following...
Green Line Corporation was organized in January 2019. During 2019, Green Line engaged in the following stockholders' equity activities: Secured approval for a corporate charter that authorizes Green Line to sell 1,500,000, $2 par common shares and 200,000, $25 par preferred shares. Sold 120,000 of the common shares for $9 per share. Sold 65,000 of the preferred shares for $32 per share. Repurchased 15,000 shares of the common stock at a cost of $11 per share. Earned net income of...
Use this information for #24 and #25. The following transactions occurred during the year April 1-...
Use this information for #24 and #25. The following transactions occurred during the year April 1- Purchased 2,000 shares of its own $10 par value, common stock for $20 per share. This is the first time the corporation ever purchased their own stock. May 3 -Sold 400 of the shares purchased on April 1 for $25 per share 24. The entry to record the April 1st transaction is: a. DR Treasury Stock $20,000 CR Cash $20,000 b. DR Treasury Stock...
STOCK TRANSACTIONS Show the effects of each transaction on the balance sheet equation, and prepare journal...
STOCK TRANSACTIONS Show the effects of each transaction on the balance sheet equation, and prepare journal entries to receord the transactions. Ref. Liabilities + Assets Cash (+A) (a) 250,000 Strait Corp. sold 10,000 shares of $1 par value stock for $25 per share on May 1. Equity Common Stock (+SE) Additional Paid-in Capital (+SE) 10,000 240,000 Date Credit Debit 250,000 1-May Account Cash Common Stock Additional Paid-in Capital 10,000 240,000 Liabilities + Equity Assets Cash (-A) (b) (16,000) | (16,000)...
During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: a. Apr....
During the year the following selected transactions affecting
stockholders' equity occurred for Orlando Corporation:
a.
Apr.
1
Repurchased 310 shares of the company's own common stock at $24
cash per share.
b.
Jun.
14
Sold 110 of the shares purchased on April 1 for $29 cash per
share.
c.
Sept.
1
Sold 100 of the shares purchased on April 1 for $19 cash per
share.
Required:
1. Prepare journal entries for each of the
above transactions. (If no entry is...
E11-15 (Algo) Recording and Analyzing Treasury Stock Transactions LO11-3 During the year the following selected transactions...
E11-15 (Algo) Recording and Analyzing Treasury Stock Transactions LO11-3 During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: 1 Repurchased 350 shares of the company's own common stock at $25 cash per share. Sold 110 of the shares purchased on April 1 for $30 cash per share. Sold 100 of the shares purchased on April 1 for $20 cash per share. Apr а. b. Jun. 14 с. Sept. 1 Required: 1. Prepare journal entries for...
- SLO-Prepare basic statements Seved Help Packard Company engaged in the following transactions during Year 1,...
- SLO-Prepare basic statements Seved Help Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.) 1) Acquired $1,750 cash from the issue of common stock. 2) Borrowed $1.220 from a bank. 3) Earned $1,400 of revenues cash. 4) Paid expenses of $410 5) Paid a $210 dividend 1:29 During Year 2. Packard engaged in the following transactions. (Assume all transactions are cash transactions.) 1) Issued an additional $1125...
E11-15 (Algo) Recording and Analyzing Treasury Stock Transactions LO11-3 During the year the following selected transactions...
E11-15 (Algo) Recording and Analyzing Treasury Stock Transactions LO11-3 During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: a. Apr. 1 Repurchased 230 shares of the company's own common stock at $37 cash per share. b. Jun. 14 Sold 90 of the shares purchased on April 1 for $42 cash per share. c. Sept. 1 Sold 80 of the shares purchased on April 1 for $32 cash per share. Required: 1. Prepare journal entries for...
Required information Cole Company began operations on January 1, 2011. During 2011, the company engaged in...
Required information Cole Company began operations on January 1, 2011. During 2011, the company engaged in the following cash transactions: 1) issued stock for $30,000 2) borrowed $24,000 from its bank 3) sold merchandise for $28,500 4) paid back $10,100 of the bank loan 5) paid rent expense for $2,150 6) purchased equipment costing $5,150 7) paid $3,000 dividends to stockholders 8) paid employees' salaries, $11,100 What is Cole's net cash flow from operating activities? Multiple Choice Inflow of $58,300...
The Westside Deli has engaged in several transactions during the year as follows: Type of liquidity activity Cash Transactions 1. 2. 3. 4. 5. 6. 7. 8. Purchased a delivery van for $15,000 and paid cash Sold 100 shares of capital stock with a S5 par value per share for 10S per share Borrowed S15,000 from the local saving and loan institution on a long-terms basis Paid dividends of S10,000 during the year Sold investments, with book value of $8,000,...
Use this information for #24 and #25. The following transactions occurred during the year April 1- Purchased 2,000 shares of its own $10 par value, common stock for $20 per share. This is the first time the corporation ever purchased their own stock. May 3 -Sold 400 of the shares purchased on April 1 for $25 per share 24. The entry to record the April 1st transaction is: a. DR Treasury Stock $20,000 CR Cash $20,000 b. DR Treasury Stock...
STOCK TRANSACTIONS Show the effects of each transaction on the balance sheet equation, and prepare journal entries to receord the transactions. Ref. Liabilities + Assets Cash (+A) (a) 250,000 Strait Corp. sold 10,000 shares of $1 par value stock for $25 per share on May 1. Equity Common Stock (+SE) Additional Paid-in Capital (+SE) 10,000 240,000 Date Credit Debit 250,000 1-May Account Cash Common Stock Additional Paid-in Capital 10,000 240,000 Liabilities + Equity Assets Cash (-A) (b) (16,000) | (16,000)...
During the year the following selected transactions affecting
stockholders' equity occurred for Orlando Corporation:
a.
Apr.
1
Repurchased 310 shares of the company's own common stock at $24
cash per share.
b.
Jun.
14
Sold 110 of the shares purchased on April 1 for $29 cash per
share.
c.
Sept.
1
Sold 100 of the shares purchased on April 1 for $19 cash per
share.
Required:
1. Prepare journal entries for each of the
above transactions. (If no entry is...
E11-15 (Algo) Recording and Analyzing Treasury Stock Transactions LO11-3 During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: 1 Repurchased 350 shares of the company's own common stock at $25 cash per share. Sold 110 of the shares purchased on April 1 for $30 cash per share. Sold 100 of the shares purchased on April 1 for $20 cash per share. Apr а. b. Jun. 14 с. Sept. 1 Required: 1. Prepare journal entries for...
- SLO-Prepare basic statements Seved Help Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.) 1) Acquired $1,750 cash from the issue of common stock. 2) Borrowed $1.220 from a bank. 3) Earned $1,400 of revenues cash. 4) Paid expenses of $410 5) Paid a $210 dividend 1:29 During Year 2. Packard engaged in the following transactions. (Assume all transactions are cash transactions.) 1) Issued an additional $1125...
E11-15 (Algo) Recording and Analyzing Treasury Stock Transactions LO11-3 During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: a. Apr. 1 Repurchased 230 shares of the company's own common stock at $37 cash per share. b. Jun. 14 Sold 90 of the shares purchased on April 1 for $42 cash per share. c. Sept. 1 Sold 80 of the shares purchased on April 1 for $32 cash per share. Required: 1. Prepare journal entries for...
Most questions answered within 3 hours.
-
Ask Your Teacher A toy gun uses a spring to project a 5.6-g soft
rubber sphere...
asked 8 minutes ago -
Consider a labor market in which LD = 400 – 4W and LS = 250 +...
asked 12 minutes ago -
*****DO NOT ANSWER THIS QUESTION IF YOU DON'T
KNOW*******
Question - PERSONAL DEVELOPMENT ESSAY and Detailed...
asked 14 minutes ago -
A certain rifle bullet has a mass of 5.25 g. Calculate the de
Broglie wavelength of...
asked 39 minutes ago -
Research new software products that assist in project
communication management. Write a paper summarizing your findings,...
asked 37 minutes ago -
the figure below to the left shows a beaker completely filled
with water. then a block...
asked 35 minutes ago -
what is the duistribution channels of HUL in india and how they
distribute?
how is this...
asked 43 minutes ago -
Batteries play an important role in our everyday lives. From
making many devices mobile, to allowing...
asked 55 minutes ago -
It is possible to iterate through an array quickly and easily
using a loop?
asked 1 hour ago -
Determine the pHpH of an HFHF solution of each of the following
concentrations. The KAKA value...
asked 58 minutes ago -
Two point charges of 7.0mL are initially 11.5m apart. What is
the change in potential energy...
asked 59 minutes ago -
Please write as a short answer
You have heartburn and a two hour working session on...
asked 1 hour ago