Prepare journal entries for the shares of common stock
1. Company issued 200,000 shares of common stock for $15 per share. The par value of each share is $5.
2. Company issued 100,000 no par stock for $20 per share.
Prepare journal entries for the above transactions.
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Wet and Wild Water Company drills small commercial oil wells. The company is in the process of analyzing the purchase of a new drill. Information on the proposal is provided.
Hadley, Inc. makes a line of bathroom accessories. Because of a decline in sales, the company has 10,000 machine hours of idle capacity available each year.
Determine the order of production and the amount of each product to be produced given the time available and the demand for each product.What is the total contribution margin that can be earned given the order of production & demand?
Company issued $5 million, 25 year bonds at $5,500,000, on Jan 1, 2012. The interest rate or the coupon rate is 8% and interest is paid on 12/31 of every year.
Company issued 200,000 shares of common stock for $15 per share. The par value of each share is $5.Company issued 100,000 no par stock for $20 per share.
Sunshine State Fruit Company sells premium-quality oranges and other citrus fruits by mail order. Protecting the fruit during shipping is important, so the company has designed & produces shipping boxes. The annual cost to make 80,000 boxes.
The county administrator is trying to decide whether to replace the old equipment. Because of rapid changes in technology, she expects the replacement equipment to have only a 3-year useful life. Ignore the effects of taxes.
At 12/31/10 we had a projected benefit obligation of $560,000, plan assets of $322,000 and prior service cost of $127,000 in accumulated other comprehensive income.
Doughboy Bakery would like to buy a new machine for putting icing and other toppings on pastries. These are now put on by hand. The machine that the bakery is considering costs $97,000?
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