Homework Answers
Journal Entries :-
| Date | Particulars | Debit($) | Credit($) |
| May 4 | Cash A/c Dr. (22000*$11) | 242000 | |
| To Common Stock A/c | 242000 | ||
| Jul. 22 | Treasury Stock A/c Dr. (1000*$8) | 8000 | |
| To Cash A/c | 8000 | ||
| Nov. 22 | Cash A/c Dr.(900*$12) | 10800 | |
| To Treasury Stock A/c (900*$8) | 7200 | ||
| To Paid in Capital Treasury Stock A/c (Bal.) | 3600 | ||
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What is the value for treasury stock and pic treasury
stock??!
I don’t know what I’m...
Stock transactions for Defensive Driving School, Inc. follow (Click the icon to view the transactions.) Journalize...
Stock transactions for Defensive Driving School, Inc. follow (Click the icon to view the transactions.) Journalize al entry tat May 22: P More Info w -X Date May 22 Mar May Sep Oct 4 Issued 22,000 shares of $1 par value common stock at $10 per share. 22 Purchased 1,700 shares of treasury stock-common at $10 per share. 22 Sold 800 shares of treasury stock common at $17 per share. 14 Sold 900 shares of treasury stock-common at $6 per...
Learning Objectives 3, 4 P13-42A Journalizing dividends and treasury stock transactions and preparing the stockholders' equity...
Learning Objectives 3, 4 P13-42A Journalizing dividends and treasury stock transactions and preparing the stockholders' equity section of the balance sheet Deerborn Manufacturing Co. completed the following transactions during 2018: Nov. 8 Treasury Stock $4,000 Jan. 16 Declared a cash dividend on the 6%, $103 par noncumulative preferred stock (1,050 shares outstanding). Declared a $0.20 per share dividend on the 100,000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date...
Recording Treasury Stock Transactions and Analyzing Their impact
During 2010, the following selected transactions affecting stockholder's equity occurred for Corner CorporationFeb 1. Purchased 400 shares of the company's own common stock at $22 cash per share.Jul 15. Issued 100 of the shares purchased on February 1 for $24 cash per share.Sept. 1 Issued 60 more of the shares purchased on February 1 for $20 cash per share.1. Show the effects of each transaction on the accounting equation.2. Give the indicated Journal entries for each of the transactions.3. What...
Debit Credit Mar. 4: Issued 20,000 shares of $1 par value common stock at $9 per...
Debit Credit Mar. 4: Issued 20,000 shares of $1 par value common stock at $9 per share. Date Accounts and Explanation Mar. 4 Cash Common Stock-$1 Par Value Paid In Capital in Excess of Par-Common 180,000 20,000 160,000 Issued common stock for cash. May 22: Purchased 1,200 shares of treasury stock-common at $11 per share. Date Accounts and Explanation May 22 Treasury Stock-Common Cash Debit Credit 13,200 13,200 Purchased treasury stock. Credit Sep. 22: Sold 600 shares of treasury stock-common...
10 Need this solved asap please. help me with the proper solutions. Treasury Stock Transactions Mystic...
10
Need this solved asap please. help me with the proper
solutions.
Treasury Stock Transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 5,000 shares of its common stock at $64 per share. On September 22, Mystic Lake sold 3,500 of the reacquired shares at $69 per share. The remaining 1,500 shares were sold at $61 per share on November 23. a. Journalize the transactions of July 9, September 22,...
The right answer is B I don’t know what I’m doing wrong insert R510D USB Use...
The right answer is B I don’t know what I’m doing wrong
insert R510D USB Use the following information to answer questions 4.5 and 6. MARR-20% Initial Cost Benefits O&M Costs Alternative #1 $270,000 S100,000 in year I; $125,000 in year 2 remainingyearsincrease by 10%morethanthe previousyear S20,000 in year increasing by $1,000 per year Salvage $55,000 Life (in years) The Net Present Worth of Alternative #1, over the given lifespan. is closest to a) $332,673 b)S171963 c) $163,320 d) $219,958...
P12-38A Journalizing dividends and treasury stock transactions and preparing the stockholders' equity section of the balance...
P12-38A Journalizing dividends and treasury stock transactions and preparing the stockholders' equity section of the balance sheet Winterborn Manufacturing Co. completed the following transactions during 2016: Jan. 16 Feb. 15 Jun. 10 Jul. 30 Declared a cash dividend on the 4%, $100 par noncumulative preferred stock (950 shares outstanding). Declared a $0.40 per share dividend on the 95,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15....
Show Me How Calculaor Print Treasury Stock Transactions Mystic Lake Inc, bottles and distributes spring water....
Show Me How Calculaor Print Treasury Stock Transactions Mystic Lake Inc, bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 5,300 shares of its common stock at $55 per share. On September 22, Mystic Lake sold 3,700 of the reacquired shares at $62 per share. The remaining 1,600 shares were sold at $53 per share on November 23. a. Journalize the transactions of July 9, September 22, and November 23. If an amount box...
Halborn Manufacturing Co. completed the following transactions during 2018: i More Info Jan. Feb. Jun. Jul....
Halborn Manufacturing Co. completed the following transactions
during 2018:
i More Info Jan. Feb. Jun. Jul. 16 Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.30 per share dividend on the 90,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. 15 Paid the cash dividends. 10 Split common stock 2-for-1. 30 Declared a 40% stock dividend on...
what i got was marked wrong Exercise 19-18 EPS; stock dividend; nonconvertible preferred stock; treasury shares;...
what i got was marked wrong
Exercise 19-18 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options exercised (LO19-5, 19-6, 19-7, 19-8) On December 31, 2017 Berclair Inc. had 400 million shares of common stock and 14 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 120 million shares of its common stock as treasury stock. Berclair issued a 6% common stock dividend on July 1, 2018....
Stock transactions for Defensive Driving School, Inc. follow (Click the icon to view the transactions.) Journalize al entry tat May 22: P More Info w -X Date May 22 Mar May Sep Oct 4 Issued 22,000 shares of $1 par value common stock at $10 per share. 22 Purchased 1,700 shares of treasury stock-common at $10 per share. 22 Sold 800 shares of treasury stock common at $17 per share. 14 Sold 900 shares of treasury stock-common at $6 per...
Learning Objectives 3, 4 P13-42A Journalizing dividends and treasury stock transactions and preparing the stockholders' equity section of the balance sheet Deerborn Manufacturing Co. completed the following transactions during 2018: Nov. 8 Treasury Stock $4,000 Jan. 16 Declared a cash dividend on the 6%, $103 par noncumulative preferred stock (1,050 shares outstanding). Declared a $0.20 per share dividend on the 100,000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date...
Debit Credit Mar. 4: Issued 20,000 shares of $1 par value common stock at $9 per share. Date Accounts and Explanation Mar. 4 Cash Common Stock-$1 Par Value Paid In Capital in Excess of Par-Common 180,000 20,000 160,000 Issued common stock for cash. May 22: Purchased 1,200 shares of treasury stock-common at $11 per share. Date Accounts and Explanation May 22 Treasury Stock-Common Cash Debit Credit 13,200 13,200 Purchased treasury stock. Credit Sep. 22: Sold 600 shares of treasury stock-common...
10
Need this solved asap please. help me with the proper
solutions.
Treasury Stock Transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 5,000 shares of its common stock at $64 per share. On September 22, Mystic Lake sold 3,500 of the reacquired shares at $69 per share. The remaining 1,500 shares were sold at $61 per share on November 23. a. Journalize the transactions of July 9, September 22,...
The right answer is B I don’t know what I’m doing wrong
insert R510D USB Use the following information to answer questions 4.5 and 6. MARR-20% Initial Cost Benefits O&M Costs Alternative #1 $270,000 S100,000 in year I; $125,000 in year 2 remainingyearsincrease by 10%morethanthe previousyear S20,000 in year increasing by $1,000 per year Salvage $55,000 Life (in years) The Net Present Worth of Alternative #1, over the given lifespan. is closest to a) $332,673 b)S171963 c) $163,320 d) $219,958...
P12-38A Journalizing dividends and treasury stock transactions and preparing the stockholders' equity section of the balance sheet Winterborn Manufacturing Co. completed the following transactions during 2016: Jan. 16 Feb. 15 Jun. 10 Jul. 30 Declared a cash dividend on the 4%, $100 par noncumulative preferred stock (950 shares outstanding). Declared a $0.40 per share dividend on the 95,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15....
Show Me How Calculaor Print Treasury Stock Transactions Mystic Lake Inc, bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 5,300 shares of its common stock at $55 per share. On September 22, Mystic Lake sold 3,700 of the reacquired shares at $62 per share. The remaining 1,600 shares were sold at $53 per share on November 23. a. Journalize the transactions of July 9, September 22, and November 23. If an amount box...
Halborn Manufacturing Co. completed the following transactions
during 2018:
i More Info Jan. Feb. Jun. Jul. 16 Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.30 per share dividend on the 90,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. 15 Paid the cash dividends. 10 Split common stock 2-for-1. 30 Declared a 40% stock dividend on...
what i got was marked wrong
Exercise 19-18 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options exercised (LO19-5, 19-6, 19-7, 19-8) On December 31, 2017 Berclair Inc. had 400 million shares of common stock and 14 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 120 million shares of its common stock as treasury stock. Berclair issued a 6% common stock dividend on July 1, 2018....
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