Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Assume that Rex Company issues 2,000 shares of $ 20 par Common Stock for cash of $50,000.  give the journal entry to record the transaction.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M975722

Have any Question?


Related Questions in Accounting Basics

Question -1 cerviq company enters sales and sales taxes

Question - 1. Cerviq Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $22,000 and sales taxes $1,100. 2. Quartz Company does not segregate sales and sales t ...

Question - flounder corporation sold 3490000 7 5-year bonds

Question - Flounder Corporation sold $3,490,000, 7%, 5-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on January 1. Flounder Corporation uses the straight-line method to amortize bo ...

Question using the financial statements distributed in

Question: Using the Financial Statements distributed in Class and attached to this file folder, please complete a Statement of Cash Flow and a Free Cash Flow Analysis for 2017. Also, prepare an Additional Funds Needed (C ...

Question - shanklin corporations unadjusted trial balance

Question - Shanklin Corporations unadjusted trial balance as of June 30, 2018 is as shown below: DEBIT Cash 13000, AR 1500, Prepaid Insurance 600, Supplies 3800, Equipment 30000, Dividends 4800, Wages Expense 14000..... ...

Question - on december 31 2016 alpha company invested 10000

Question - On December 31, 2016, Alpha Company invested $10,000 in 2 years, certificate with a 4% annual interest rate with semi-annual compounding. Use this information to determine the maturity value of the certificate ...

Question - c d rom has just given an insurance company

Question - C. D. Rom has just given an insurance company $35,500. In return, he will receive an annuity of $4,400 for 20 years. At what rate of return must the insurance company invest this $35,500 in order to make the a ...

Question - on january 1 grissom inc issued 10-year 4 bonds

Question - On January 1, Grissom Inc. issued 10-year, 4% bonds payable with a par value of $500,000, and received $490,000 in cash proceeds. The market rate of interest at the date of issuance was 4.5%. The bonds pay int ...

Question - the weaver manufacturing company incurred direct

Question - The Weaver Manufacturing Company incurred direct labor costs of $205,000, and manufacturing overhead amounted to $173,000 during the year ended 30 June 2018. Materials purchases for the year were $198,000. Ope ...

Assignment - fifth cousin media caseinstructions download

Assignment - FIFTH COUSIN MEDIA CASE Instructions: Download ACC3313 FCM Template.xls from TRACS-Resourses-Part1. 1. Record the journal entries for all items (#1 - #28) in the GJ (General Journal) for Fifth Cousin Media L ...

Question - an employee of a board of education is paid an

Question - An employee of a Board of Education is paid an annual salary in 22 bi-weekly payments of $1237.96 each. The employee is under contract for 200 workdays of 8 hours each. (a) What is the hourly rate of pay? (b) ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As