Business, 31.07.2020 16:01, dreannaevans2
Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $37,200, declared no dividends, and the following selected transactions occurred in the order given:
Issued 50,000 shares of the common stock at $13 cash per share.
Reacquired 1,000 shares at $16 cash per share from stockholders; the shares are now held in treasury.
Reissued 500 of the shares in transaction (b) two months later at $19 cash per share.
Required:
1. Indicating the account, amount, and direction of the effect on above transaction.
Assets Liabilities Stockholders' Equity
a.
b.
c.
2. Prepare journal entries to record each transaction.
3. Prepare the stockholders' equity section of the balance sheet at December 31.
(TIP: Because this is the first year of operations, Retained Earnings has a zero balance at the beginning of the year)
Answers: 2
Business, 21.06.2019 13:50, brewerroserb
Ateam of engineers has decided to design a new shoe for people suffering from a painful foot condition. what should the engineers do during the planning stage of their project? a. look at the trial's results to see how the design can be improved. b. build a variety of shoe models. c. have patients wear the new shoe in an experimental trial to see if symptoms improve. d. estimate how much potential consumers would be willing to pay for this new shoe.
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Business, 21.06.2019 23:30, probablyacommunist
Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?
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