Determine the authorized shares- Prepare the journal entry required fo.docx

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The document provides information about authorized shares and transactions requiring journal entries. It states that the authorized shares are 219,000 and shares issued are 149,000. After a share buy back, shares outstanding are 129,000. It also lists two transactions requiring journal entries: 1) The company issued 51,000 shares at $48 per share, with a par value of $5 per share. This requires a debit to cash and credits to common stock and additional paid-in capital. 2) The company bought back 3,000 shares at $50 per share, requiring a debit to treasury stock and a credit to cash.

Determine the authorized shares.
Prepare the journal entry required for each of these transactions. (If no entry is required for a
transaction/event, select "No journal entry required" in the first account field.)
1. Determine the authorized shares.
Solution
1.
Authorized Shares = 219,000
Shares Issued = 149,000
Shares Outstanding after buy back = 129,000 (149,000-20,000)
2.
Sl.No. Account Titles Debit Credit
a. Cash(51,000*48) 2,448,000
Common Stock (51,000*5) 255,000
Additional Paid-In Capital 2,193,000
b. Treasury Stock (3,000*50) 150,000
Cash 150,000

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TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...

TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...

TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...

Nguyen Thanh Tu Collection

Unit-V; Pricing (Pharma Marketing Management).pptx

Unit-V; Pricing (Pharma Marketing Management).pptx

Unit-V; Pricing (Pharma Marketing Management).pptx

VishalSingh1417

UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf

UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf

UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf

How to Manage Global Discount in Odoo 17 POS

How to Manage Global Discount in Odoo 17 POS

How to Manage Global Discount in Odoo 17 POS

Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes

Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes

Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes

This PowerPoint helps students to consider the concept of infinity.

This PowerPoint helps students to consider the concept of infinity.

This PowerPoint helps students to consider the concept of infinity.

christianmathematics

General Principles of Intellectual Property: Concepts of Intellectual Proper...

General Principles of Intellectual Property: Concepts of Intellectual Proper...

General Principles of Intellectual Property: Concepts of Intellectual Proper...

Poonam Aher Patil

Activity 01 - Artificial Culture (1).pdf

Activity 01 - Artificial Culture (1).pdf

Activity 01 - Artificial Culture (1).pdf

𝐋𝐞𝐬𝐬𝐨𝐧 𝐎𝐮𝐭𝐜𝐨𝐦𝐞𝐬: -Discern accommodations and modifications within inclusive classroom environments, distinguishing between their respective roles and applications. -Through critical analysis of hypothetical scenarios, learners will adeptly select appropriate accommodations and modifications, honing their ability to foster an inclusive learning environment for students with disabilities or unique challenges.

Understanding Accommodations and Modifications

Understanding Accommodations and Modifications

Understanding Accommodations and Modifications

ICT Role in 21st Century Education & its Challenges.pptx

ICT Role in 21st Century Education & its Challenges.pptx

ICT Role in 21st Century Education & its Challenges.pptx

2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx

2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx

2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx

MaritesTamaniVerdade

Klinik_ Apotek Onlin 085657271886 Solusi Menggugurkan Masalah Kehamilan Anda Jual Obat Aborsi Asli KLINIK ABORSI TERPEECAYA _ Jual Obat Aborsi Cytotec Misoprostol Asli 100% Ampuh Hanya 3 Jam Langsung Gugur || OBAT PENGGUGUR KANDUNGAN AMPUH MANJUR OBAT ABORSI OLINE" APOTIK Jual Obat Cytotec, Gastrul, Gynecoside Asli Ampuh. JUAL ” Obat Aborsi Tuntas | Obat Aborsi Manjur | Obat Aborsi Ampuh | Obat Penggugur Janin | Obat Pencegah Kehamilan | Obat Pelancar Haid | Obat terlambat Bulan | Ciri Obat Aborsi Asli | Obat Telat Bulan | Pil Aborsi Asli | Cara Menggugurkan Konten | Cara Aborsi Tuntas | Harga Obat Aborsi Asli | Pil Aborsi | Jual Obat Aborsi Cytotec | Cara Aborsi Sendiri | Cara Aborsi Usia 1 Bulan | Cara Aborsi Usia 2 Tahun | Cara Aborsi Usia 3 Bulan | Obat Aborsi Usia 4 Bulan | Cara Abrasi Usia 5 Bulan | Cara Menggugurkan Konten | Kandungan Obat Penggugur | Cara Menghitung Usia Konten | Cara Mengatasi Terlambat Bulan | Penjual Obat Aborsi Asli | Obat Aborsi Garansi | Kandungan Obat Peluntur | Obat Telat Datang Bulan | Obat Telat Haid | Obat Aborsi Paling Murah | Klinik Jual Obat Aborsi | Jual Pil Cytotec | Apotik Jual Obat Aborsi | Kandungan Dokter Abrasi | Cara Aborsi Cepat | Jual Obat Aborsi Bergaransi | Jual Obat Cytotec Asli | Obat Aborsi Aman Manjur | Obat Misoprostol Cytotec Asli. "APA ITU ABORSI" “Aborsi Adalah dengan membendung hormon yang di perlukan untuk mempertahankan kehamilan yaitu hormon progesteron, karena hormon ini dibendung, maka jalur kehamilan mulai membuka dan leher rahim menjadi melunak,sehingga mengeluarkan darah yang merupakan tanda bahwa obat telah bekerja || maksimal 1 jam obat diminum || PENJELASAN OBAT ABORSI USIA 1 _7 BULAN Pada usia kandungan ini, pasien akan merasakan sakit yang sedikit tidak berlebihan || sekitar 1 jam ||. namun hanya akan terjadi pada saatdarah keluar merupakan pertanda menstruasi. Hal ini dikarenakan pada usiakandungan 3 bulan,janin sudah terbentuk sebesar kepalan tangan orang dewasa. Cara kerja obat aborsi : JUAL OBAT ABORSI AMPUH dosis 3 bulan secara umum sama dengan cara kerja || DOSIS OBAT ABORSI 2 bulan”, hanya berbedanya selain mengisolasijanin juga menghancurkan janin dengan formula methotrexate dikandungdidalamnya. Formula methotrexate ini sangat ampuh untuk menghancurkan janinmenjadi serpihan-serpihan kecil akan sangat berguna pada saat dikeluarkan nanti. APA ALASAN WANITA MELAKUKAN ABORSI? Aborsi di lakukan wanita hamil baik yang sudah menikah maupun belum menikah dengan berbagai alasan , akan tetapi alasan yang utama adalah alasan-alasan non medis (termasuk aborsi sendiri / di sengaja/ buatan] MELAYANI PEMESANAN OBAT ABORSI SETIAP HARI, SIAP KIRIM KESELURUH KOTA BESAR DI INDONESIA DAN LUAR NEGERI. HUBUNGI PEMESANAN LEBIH NYAMAN VIA WA/: 085657271886

Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...

Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...

Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...

The basics of sentences session 3pptx.pptx

The basics of sentences session 3pptx.pptx

The basics of sentences session 3pptx.pptx

1029-Danh muc Sach Giao Khoa khoi 6.pdf

1029-Danh muc Sach Giao Khoa khoi 6.pdf

1029-Danh muc Sach Giao Khoa khoi 6.pdf

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SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx

SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx

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Holdier Curriculum Vitae (April 2024).pdf

Holdier Curriculum Vitae (April 2024).pdf

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Mehran University Newsletter Vol-X, Issue-I, 2024

Mehran University Newsletter Vol-X, Issue-I, 2024

Mehran University Newsletter Vol-X, Issue-I, 2024

TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...

TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...

TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...

Unit-V; Pricing (Pharma Marketing Management).pptx

Unit-V; Pricing (Pharma Marketing Management).pptx

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UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf

UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf

UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf

How to Manage Global Discount in Odoo 17 POS

How to Manage Global Discount in Odoo 17 POS

How to Manage Global Discount in Odoo 17 POS

Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes

Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes

Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes

This PowerPoint helps students to consider the concept of infinity.

This PowerPoint helps students to consider the concept of infinity.

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General Principles of Intellectual Property: Concepts of Intellectual Proper...

General Principles of Intellectual Property: Concepts of Intellectual Proper...

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Activity 01 - Artificial Culture (1).pdf

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Understanding Accommodations and Modifications

Understanding Accommodations and Modifications

ICT Role in 21st Century Education & its Challenges.pptx

ICT Role in 21st Century Education & its Challenges.pptx

ICT Role in 21st Century Education & its Challenges.pptx

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1029-Danh muc Sach Giao Khoa khoi 6.pdf

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1. Determine the authorized shares. Prepare the journal entry required for each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1. Determine the authorized shares. Solution 1. Authorized Shares = 219,000 Shares Issued = 149,000 Shares Outstanding after buy back = 129,000 (149,000-20,000) 2. Sl.No. Account Titles Debit Credit a. Cash(51,000*48) 2,448,000 Common Stock (51,000*5) 255,000 Additional Paid-In Capital 2,193,000 b. Treasury Stock (3,000*50) 150,000 Cash 150,000