Cullumber Company had the following transactions during the current period. Mar.2 Issued 4,000 shares of $5 par value common stock to attorneys in payment of a bill for $24,000 for services performed in helping the company to incorporate.
June12 Issued 55,000 shares of $5 par value common stock for cash of $340,000.
July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $130 per share.
Nov.28 Purchased 1,500 shares of treasury stock for $75,000.

Required:
Journalize the transactions.

He aldermanalderman company has prepared a sales budget of 42 comma 00042,000 finished units for a 3-month period. the company has an inventory of 10 comma 00010,000 units of finished goods on hand at december 31 and has a target finished goods inventory of 11 comma 00011,000 units at the end of the succeeding quarter. it takes 44 gallons of direct materials to make one unit of finished product. the company has inventory of 64 comma 00064,000 gallons of direct materials at december 31 and has a target ending inventory of 53 comma 00053,000 gallons at the end of the succeeding quarter. how many gallons of direct materials should aldermanalderman company purchase during the 3 months ending march 31? select the labels and enter the amounts to calculate the direct materials (gallons) to be purchased.

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.

Which plan offers a tax-free education?