Homework Answers
| Sales consideration | $ 2,000 |
| Less: Cost of investment sold ($20,000*15%*50%) | $ -1,500 |
| Realized gain on sale of investment | $ 500 |
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Itay Company was established on Jan 1st 2014 by issuing 1,000 shares...
No handwritten work please Yonatan Company was established on Jan 1st 2014 by issuing 1,000 shares...
No handwritten work please
Yonatan Company was established on Jan 1st 2014 by issuing 1,000 shares ($1 par value) in return to $4,000 in cash. As of Dec 31st 2014, the company had the following items on its balance sheet: Cash $25,000, Accounts Receivable, net $23,750, Inventory $10,000, Accrued Expenses $100, Long Term Liabilities $15,000, Common stock (??), Paid in Capital (??), Retained Earnings (??). Also, the allowance for doubtful accounts for Dec 31st 2014 is $1,250. During 2015 the...
show work, no hand written work 1. Eizik Company was founded on Jan 1st 2014 by...
show work, no hand written work
1. Eizik Company was founded on Jan 1st 2014 by issuing 100,000 shares ($1 par value) for $400,000 in cash. Following are relevant transactions: – On July 1st 2014 the company declared and paid dividend to its shareholders in the amount of 20% out of company's shares par value. On Dec 31st 2014 the company took a $500,000 loan from the bank that is due back within 5 years and carries 10% annual interest...
No handwritten work Hillel Company was established on Jan 1st 2014 by issuing 4,000 preferred stock...
No handwritten work
Hillel Company was established on Jan 1st 2014 by issuing 4,000 preferred stock ($150 par, 10%, cumulative, non-participating) for $600,000 and additional common stocks ($4 par value) for $4,000,000. The Additional Paid in Capital (APIC) related to the common stocks was $3,200,000. On Dec 31st 2015 the company declares for the first time a dividend in the amount of $2,320,000. 13. Which dividend amount will be distributed to a person holding 1,500 common shares? a. $22,000 b....
No written work Amit Company was established on Jan 1st 2015. The following is information regarding...
No written work
Amit Company was established on Jan 1st 2015. The following is information regarding the company's PP&E: Original cost Note Book value - Dec 31st 2015 ??? Book value - Dec 31st 2016 $1,500,000 ??? Machine Structure Car ??? ??? $12,000,000 $200,000 b ??? ??? Additional data: a. The machine was acquired on the same day that the company was established and only on July 1 st 2015 it was in its intended usable condition and started working....
No written work please - Daniella Company was established on Jan 1st 2015. The following is...
No written work please
- Daniella Company was established on Jan 1st 2015. The following is partial data from Dec 31st 2015 financial reports: General and administrative expenses - $200 Inventory - $500 Revenue -$10,000 Daniella’s gross profit percentage is 45%. What is purchases amount for 2015?
answer 13 is d and 14 is e show your work: no written work Hillel Company...
answer 13 is d and 14 is e
show your work: no written work
Hillel Company was established on Jan 1st 2014 by issuing 4,000 preferred stock ($150 par, 10%, cumulative, non-participating) for $600,000 and additional common stocks ($4 par value) for $4,000,000. The Additional Paid in Capital (APIC) related to the common stocks was $3,200,000. On Dec 31st 2015 the company declares for the first time a dividend in the amount of $2,320,000. 13. Which dividend amount will be...
2017 Jan. 20 Purchased 1,000 shares of Ford Motor Co. at $27 per share plus a $130 с㎝ussion. Feb...
2017 Jan. 20 Purchased 1,000 shares of Ford Motor Co. at $27 per share plus a $130 с㎝ussion. Feb. 9 Purchased 2,900 shares of Lucent at $31 per share plus a $195 commission 0ct. 12 Purchased 740 shares of Z-Seven at $7.60 per share plus a 100 commission. Dec. 31 Fair value of the short-term investnents in trading securities is $126, 300. 2018 Apr. 15 Sold 1, 000 shares of Ford Motor Co. at $31 per share less a $290...
On April 10, a company acquired land valued at $58,000 in exchange for 1,000 shares of...
On April 10, a company acquired land valued at $58,000 in exchange for 1,000 shares of $50 par common stock with a current market price of $57. Journalize this transaction. 3. 4. A corporation was organized on January 30 of the current year, with an authorization of 20,000 shares of $3 noncumulative preferred stock, $50 par, and 100,000 shares of $10 par common stock. Jounalize the following transactions that were completed during the first year of operations: Jan. 30 Issued...
The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business...
The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $52,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $16,400 cash. Apr. 10 Purchased $790 of supplies on account. July 1 Received $29,500 cash in advance for services to be provided over the next year 20 Paid $593 of the accounts payable from April 10. Aug. 15 Billed a customer $10,200 for...
Please show all work and calculations gstttities oh its September 30, 2018, balance sheet. in Eauity...
Please show all work and calculations
gstttities oh its September 30, 2018, balance sheet. in Eauity Securities Noonan Corporation prepares quarterly financial statements and invests its ble securities. At the end of 2018, Noonan's portfolio of trading investments consisted of LO 13.3 excess funds in marketa the following equity securities: Number of Shares Cost per Share Fair Value Security Keene Company Sachs Inc. Bacon Company 500 800 400 $60 43 70 per Share $60 72 During the first half of...
No handwritten work please
Yonatan Company was established on Jan 1st 2014 by issuing 1,000 shares ($1 par value) in return to $4,000 in cash. As of Dec 31st 2014, the company had the following items on its balance sheet: Cash $25,000, Accounts Receivable, net $23,750, Inventory $10,000, Accrued Expenses $100, Long Term Liabilities $15,000, Common stock (??), Paid in Capital (??), Retained Earnings (??). Also, the allowance for doubtful accounts for Dec 31st 2014 is $1,250. During 2015 the...
show work, no hand written work
1. Eizik Company was founded on Jan 1st 2014 by issuing 100,000 shares ($1 par value) for $400,000 in cash. Following are relevant transactions: – On July 1st 2014 the company declared and paid dividend to its shareholders in the amount of 20% out of company's shares par value. On Dec 31st 2014 the company took a $500,000 loan from the bank that is due back within 5 years and carries 10% annual interest...
No handwritten work
Hillel Company was established on Jan 1st 2014 by issuing 4,000 preferred stock ($150 par, 10%, cumulative, non-participating) for $600,000 and additional common stocks ($4 par value) for $4,000,000. The Additional Paid in Capital (APIC) related to the common stocks was $3,200,000. On Dec 31st 2015 the company declares for the first time a dividend in the amount of $2,320,000. 13. Which dividend amount will be distributed to a person holding 1,500 common shares? a. $22,000 b....
No written work
Amit Company was established on Jan 1st 2015. The following is information regarding the company's PP&E: Original cost Note Book value - Dec 31st 2015 ??? Book value - Dec 31st 2016 $1,500,000 ??? Machine Structure Car ??? ??? $12,000,000 $200,000 b ??? ??? Additional data: a. The machine was acquired on the same day that the company was established and only on July 1 st 2015 it was in its intended usable condition and started working....
No written work please
- Daniella Company was established on Jan 1st 2015. The following is partial data from Dec 31st 2015 financial reports: General and administrative expenses - $200 Inventory - $500 Revenue -$10,000 Daniella’s gross profit percentage is 45%. What is purchases amount for 2015?
answer 13 is d and 14 is e
show your work: no written work
Hillel Company was established on Jan 1st 2014 by issuing 4,000 preferred stock ($150 par, 10%, cumulative, non-participating) for $600,000 and additional common stocks ($4 par value) for $4,000,000. The Additional Paid in Capital (APIC) related to the common stocks was $3,200,000. On Dec 31st 2015 the company declares for the first time a dividend in the amount of $2,320,000. 13. Which dividend amount will be...
2017 Jan. 20 Purchased 1,000 shares of Ford Motor Co. at $27 per share plus a $130 с㎝ussion. Feb. 9 Purchased 2,900 shares of Lucent at $31 per share plus a $195 commission 0ct. 12 Purchased 740 shares of Z-Seven at $7.60 per share plus a 100 commission. Dec. 31 Fair value of the short-term investnents in trading securities is $126, 300. 2018 Apr. 15 Sold 1, 000 shares of Ford Motor Co. at $31 per share less a $290...
On April 10, a company acquired land valued at $58,000 in exchange for 1,000 shares of $50 par common stock with a current market price of $57. Journalize this transaction. 3. 4. A corporation was organized on January 30 of the current year, with an authorization of 20,000 shares of $3 noncumulative preferred stock, $50 par, and 100,000 shares of $10 par common stock. Jounalize the following transactions that were completed during the first year of operations: Jan. 30 Issued...
The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $52,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $16,400 cash. Apr. 10 Purchased $790 of supplies on account. July 1 Received $29,500 cash in advance for services to be provided over the next year 20 Paid $593 of the accounts payable from April 10. Aug. 15 Billed a customer $10,200 for...
Please show all work and calculations
gstttities oh its September 30, 2018, balance sheet. in Eauity Securities Noonan Corporation prepares quarterly financial statements and invests its ble securities. At the end of 2018, Noonan's portfolio of trading investments consisted of LO 13.3 excess funds in marketa the following equity securities: Number of Shares Cost per Share Fair Value Security Keene Company Sachs Inc. Bacon Company 500 800 400 $60 43 70 per Share $60 72 During the first half of...
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