On December 2, Coley Corp. acquired 900 shares of its $4 par value common stock for $24 each. On December 20, Coley Corp. Reissued 500 shares for $10 each. Which of the following is correct regarding the journal entry for the reissued shares?
A. Credit Treasury Stock $5,000
B. Credit Treasury Stock $12,000
C. Credit Additional Paid in Capital $3,000
D. Debit Cash $9,000
Answers: 1
Business, 22.06.2019 01:00, bommat1085
The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing​ company: work in process inventory ​$0 raw materials inventory $ 29 comma 000 finished goods inventory $ 40 comma 900 additional​ data: 1. actual manufacturing overhead for january amounted to $ 62 comma 600. 2. total direct labor cost for january was $ 63 comma 600. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no.​ 151, for which total direct labor charges were $ 5 comma 700 ​(1 comma 000 direct labor​ hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 300. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 200. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for​ january
Answers: 1
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