Aequlred informallein TThe foilonky infimatios apoles fo the questons.pdf

•

0 likes•2 views

Aequlred informallein TThe foilonky infimatios apoles fo the questons displayed beiow. the itarapi accounts and whounts postudng + er -i for each transaction Required information [The following information applies to the questions displayed below.] Allied Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (seller) products. May 3 Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units at a price of $10 cash per unit (for a total cost of $20 , 000 ). May 5 Allied sold 1,500 of the units in inventory for $14 per unit (invoice total: $21 , 000 ) to Macy company under credit terms 2/10 , n /60 . The goods cost Allied $15 , 000 . May 7 Macy returns 125 units because they did not fit the custoner's needs (invoice amount, $1 , 750 ). AIlied restores the units, which cost $1 , 250 , to its inventory. May 8 Macy discovers that 200 units are seuffed but are still of use and, therefore, keeps the units. Allied gives a price reduction (allowance) and credits Macy's accounts receivable for $300 to compengate for. the damage. May 15 allied receives payment trom Macy for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any cash discount. Use the above informations, analyze each transaction by indicating its effects on the income statement-specifically, identify the accounts and amounts (including + or ) for each transaction..

Education

Similar to Aequlred informallein TThe foilonky infimatios apoles fo the questons.pdf

Acc 291 t acc291t acc 291t education for service uopstudy.com

ssuserd9bf9e

1. Mike has come to you with these statements about corporations: a) Corporation management is both an advantage and a disadvantage of a corporation compared to a proprietorship or a partnership. b) Limited liability of stockholders, government regulations, and additional taxes are the major disadvantages of a corporation. c) When a corporation is formed, organization costs are recorded as an asset. d) Each share of common stock gives the stockholder the ownership rights to vote at stockholder meetings, share in corporate earnings, keep the same percentage ownership when new shares of stock are issued, and share in assets upon liquidation. e) The number of issued shares is always greater than or equal to the number of authorized shares. f) A journal entry is required for the authorization of capital stock. g) Publicly held corporations usually issue stock directly to investors. h) The trading of capital stock on a securities exchange involves the transfer of already issued shares from an existing stockholder to another investor. i) The market price of common stock is usually the same as its par value. j) Retained earnings is the total amount of cash and other assets paid in to the corporation by stockholders in exchange for capital stock. Directions Indicate whether each statement is true orfalse. Iffalse, identify a way to correct the statement. 2. During its first year of operations, Plight Corporation had the following transactions pertaining to common stock. Jan. 10 Issued 70,000 shares for cash at $5 per share. July 1 Issued 40,000 shares for cash at $7 per share. Directions (a) Journalize the transactions, assuming that the common stock has a par value of $5 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share. 3. Locket Co. had the following transactions during the current period: Mar. 2nd Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services performed in helping the company to incorporate. June 12th Issued 60,000 shares of $5 par value common stock for cash of $375,000. July 11th Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share. Nov. 28th Purchased 2,000 shares of treasury stock for $80,000. Directions Journalize these transactions for Locket. 4. On January 1, 2015, the stockholders’ equity section ofHarlequin Corporation shows common stock ($5 par value) $1,500,000; paid-in capital in excess of par $1,000,000; and retained earnings $1,200,000. During the year, the corporation entered into the following treasury stock transactions. Mar. 1st Purchased 50,000 shares for cash at $15 per share. July 1st Re-issued 10,000 treasury shares for cash at $17 per share. Sept. 1st Sold 8,000 treasury shares for cash at $14 per share. Directions (a) Journalize the treasury stock transactions. (b) Revise the entry for September 1st, assuming the treasury shares were sold at $12 ...

1. Mike has come to you with these statements about corporations.docx

jackiewalcutt

Acc 557 homework 3 chapters 9 and 10

Lisaha milton

casanova_shah

Acc 557 homework 3 chapters 9 and 10

homeworktimes

Sept. 1 Nov. 1 eTextbook and Media List of Accounts (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Sheffield Corporation was organized on January 1, 2022. It is authorized to issue 11,000 shares of 8%,$100 par value preferred stock, and 520,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 75,500 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,500 shares of preferred stock for cash at \$110 per share. Apr. 1 Issued 22,500 shares of common stock for land. The asking price of the land was $85,500. The fair value of the land was $80,000. May 1 Issued 81,500 shares of common stock for cash at $4.25 per share. Aug. 1 Issued 11,500 shares of common stock to attorneys in payment of their bill of $39,500 for services performed in helping the company organize. Sept. 1 Issued 12,000 shares of common stock for cash at \$6 per share. Nov. 1 Issued 2,000 shares of preferred stock for cash at \$110 per share..

Sept. 1 Nov. 1 eTextbook and Media List of Accounts.pdf

gsbadboy941

Similar to Aequlred informallein TThe foilonky infimatios apoles fo the questons.pdf (6)

Acc 291 t acc291t acc 291t education for service uopstudy.com

1. Mike has come to you with these statements about corporations.docx

Acc 557 homework 3 chapters 9 and 10

Sept. 1 Nov. 1 eTextbook and Media List of Accounts.pdf

More from yrajjoshi

Aiat 10AA- Whap Tot- B I-M1 B -8+A- Decanber 31 otrice supgies remwivi.pdf

yrajjoshi

Albinism is an autosomal recessive trait- A man and woman (-the couple.pdf

yrajjoshi

Alan and Sara Winthrop are a married couple who file a joint income ta.pdf

yrajjoshi

Aim: Configure FTP server Prerequisite: configure a VM in any virtualisation environment such as VMware, virtualbox, etc. Make sure two things (Hint: look into Network setting of Virtualbox/VMware) 1. V M is able to connect to internet 2. V M is able to ping Host OS Part-1: Configure FTP server using vsftpd in the VM. And connect to FTP server from host using the web browser as client (Hint: Go to serverworld site to finds steps to be followed for server configuration) Part-2: Create user and restrict the login to user registered with FTP Part-3: Restrict the number of concurrent connections made with FTP server to 3..

Aim- Configure FTP server Prerequisite- configure a VM in any virtuali.pdf

yrajjoshi

Air Quality and Fire Seasons California has experienced in the last 5.pdf

yrajjoshi

Air masses are large masses of air with and one for the temperature. Dry air masses are similar moisture and temperature classified as continental ( c ) and moist air characteristics. Those two factors along with masses are classified as maritime ( m ) . Warm their source region help name the masses. air masses are classified as Tropical (T) and They develop and take on the characteristics of cool/cold air masses are classified as Polar ( P ) . the surfaces they form above. Air masses that The two-letter representation displays the form at higher latitude tend to be cooler in moisture content as a lowercase letter and the temperature and those that form at lower temperature as an uppercase letter. The four latitudes tend to be higher in temperature. most common air masses are defined in table 2 Similarly air masses that form over or near a below. It is important to note that these water body tend to be moister than those that descriptors are relative and not absolute. There form away from water or overland, which are is not a base level or moisture or temperature dry. Using moisture and temperature that an air mass needs to have in order to be characteristics we can define air masses using a defined. two-letter code, one for the moisture content Table 2: Principle air masses in the United States 1. Based on the information and table below determine the geographic area in the United States most likely to allow the formation of each air mass type. (1 pt each) a. mP : b. CP : c. mT : d. CT:.

Air masses are large masses of air with and one for the temperature- D.pdf

yrajjoshi

Air Masses An air mass is a large mass of air that has similar characteristics of temperature and humidity within it. An air mass acquires these characteristics above an area of land or water known as its source region. When the air mass sits over a region for several days, or longer, it picks up the distinct temperature and humidity characteristics of that region Air masses are classified based on their temperature and humidity characteristics. Below are examples of how air masses are classified over North America. Based simply on their names, indicate in the spaces provided whether each air mass is warm or cold, moist or dry: 23. Maritime tropical (mT) 24. Continental tropical (cT) 25. Maritime polar (mP) 26. Continental polar (cP) Storms arise if the air mass and the region it moves over have different characteristics. For example, when a colder air mass moves over warmer ground, the bottom layer of air is heated. That air rises, forming clouds, rain, and sometimes thunderstorms. How would a moving air mass form an inversion? When a warmer air mass travels over colder ground, the bottom layer of air cools and, because of its high density, is trapped near the ground. In general, cold air masses tend to flow toward the equator and warm air masses tend to flow toward the poles. This brings heat to cold areas and cools down areas that are warm. It is one of the many processes that act towards balancing out the planet's temperatures..

Air Masses An air mass is a large mass of air that has similar charact.pdf

yrajjoshi

AHIMA HIM entry-level curiculum competescies: I.1 and I.2 cough and is given an order for a chest x -ray at the local bospital. The x . ay report itates" "nodule in lower lobe of right fuag, worriiome for matignangs" The PCP refers ber for a biopsy of the nodule at the anbulatory surgery clinic, which mbosuatines the diagsosis of eancer in the pathology report. Two weeks later, the same plysician atio did the tiopsy 2. Exphin the docousentation that each provider will be creating ar part of the patient's moont and care.

AHIMA HIM entry-level curiculum competescies- I-1 and I-2 cough and is.pdf

yrajjoshi

Age discrimination: The following table presents the numbers of employees, by age group, who were promoted, or not promoted, in a sample drawn from a certain industry during the past year. Can you conclude that the people in some age groups are more likely to be promoted than those in other age groups? Use Excel and the a= 0.01 invel of significance. We the null hypothesis. There enough evidence at the a = 0.01 level of significance to say that people in some age groups are more likely to be promoted..

Age discrimination- The following table presents the numbers of employ.pdf

yrajjoshi

After two hyphae have determined they are compatible what is the next.pdf

yrajjoshi

After studying all night for a final exam- a bleary-eyed student rando.pdf

yrajjoshi

Additional informations 1- The aunket price of Concord's common stock.pdf

yrajjoshi

Additional information: 1. The common and preferred shares and stock options were outstanding all year. The convertible bonds were outstanding from July 1, 2014. 2. In 2014, a $500.000 dividend was declared and distributed, however, no dividends were declared in 2012 or 2013. 3. The average market price of the common shares in 2014 was $80 . The stock price was $27 on Jaruary 1, 2014, and $135 on December 31, 2014. 4. The convertible bonds were issued when the maket rate was 6% . The bonds require annual interest payments and sold at a premium. During the year the amortization of the premium was $56 , 044 . 5. The income tax iate for 2014 is 30% . Instructions a. Calculate basic EPS. b. Calculate diluted EPS..

Additional information- 1- The common and preferred shares and stock o.pdf

yrajjoshi

Adipose tissue is found in the dermis the hypodermis tendons and ligam.pdf

yrajjoshi

Additional Information on Dec-31- 1- Accrued salaries at year-end are.pdf

yrajjoshi

Add a method removeOccurence(int e) that removes all occurrences of el.pdf

yrajjoshi

Activity-beste Costing for a Serves Company five-stars Insurasce Cempany Fivestars Insurance Compiny Procuek rofitalility nepar Five-stars Insurance cempany Preduct Profitability Report For the Year Ended December 31 Description Peniluen rererim Etimeles daime Unoeraritung incame Adminetratire activeles: neen poligy prictsing Concedation proceusiry Camen mevits Cwen dwoeremeres rexesting tweviarm culiectoen proresting Fuat adeinsthat ve erpenses teerating receme coeraung incenit as a perceit of prenum revesue 1.. Anteriner tive repsert Nithive maurance inist hawe aitiveries, t = insure ine thas the Sideniestaine.

Activity-beste Costing for a Serves Company five-stars Insurasce Cempa.pdf

yrajjoshi

Adapt the following menu for a person of the Orthodox Jewish faith-.pdf

yrajjoshi

Activitye Complete the Stery ef Bleces Flovi throughthe Hotart (4) cha.pdf

yrajjoshi

Activity Description ImmediatePredecessorOptimistic Most Probable Pess.pdf

yrajjoshi

More from yrajjoshi (20)