Record the journal entry when the stock dividend is declared and the journal entry when the st paid. d is 4. The August 1, 2019 balance sheet for Dress Company reported 24,000 shares of $10 par value common stock that were issued and outstanding: $240,000 Common Stock $250,000 Additional Paid-in Capital On August 2, 2019, the company splits its stock 2-for-1. Required: How many shares of common stock are issued and outstanding immediately after the stock split? b. What is the dollar balance of common stock immediately after the stock split? ১५০ ৩৩ 481000 SharesS Par vlut a. 5. Aluminum, Inc. engaged in the following transactions involving its common stock during 2019: Issued 10,000 shares of $15 par value common stock at $90 cash per share. 2 Feb. Purchased back 3,000 shares of common stock at 93 cash per share. 1 Aug. Resold 1,200 shares of treasury stock at $99 cash per share. 1 Sept. Exchanged remaining 1,800 shares of treasury stock for a patent with a fair value of $162,000 1 Nov. Required: Prepare general journal entries to record these transactions.

Record the journal entry when the stock dividend is declared and the journal entry when the st paid. d is 4. The August 1, 2019 balance sheet for Dress Company reported 24,000 shares of $10 par value common stock that were issued and outstanding: $240,000 Common Stock $250,000 Additional Paid-in Capital On August 2, 2019, the company splits its stock 2-for-1. Required: How many shares of common stock are issued and outstanding immediately after the stock split? b. What is the dollar balance of common stock immediately after the stock split? ১५০ ৩৩ 481000 SharesS Par vlut a. 5. Aluminum, Inc. engaged in the following transactions involving its common stock during 2019: Issued 10,000 shares of $15 par value common stock at $90 cash per share. 2 Feb. Purchased back 3,000 shares of common stock at 93 cash per share. 1 Aug. Resold 1,200 shares of treasury stock at $99 cash per share. 1 Sept. Exchanged remaining 1,800 shares of treasury stock for a patent with a fair value of $162,000 1 Nov. Required: Prepare general journal entries to record these transactions.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Using Excel, create a table that shows the relationship between the interestearned and the amount deposited, as shown. we will first create the dollar amount column and the interest row, as shown . Next we will type into cell B3 the formula = $A3*B$2. We can now use the Fill command to copy the formula in other cells, resulting in the table as shown. Note that the dollar sign before A3 means column A is to remain unchanged in the calculations when the formula is copied into other cells. Also note that the dollar sign before 2 means that row 2 is to remain unchanged in calculations when the Fill command is used.
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