question 4 attached in ss beforethanks for hepl aprpeciated it1ij14j At the end of fiscal year 2021, Harold Legal Services and Delightful Doughnuts reported these adapted amounts on their balance sheets (all amounts in millions except for par value per share):(Click the icon to view the Harold Legal Services data.)(Click the icon to view the Delightful Doughnuts data.)Assume each company issued its stock in a single transaction. Journalize each company's issuance of its stock, using its actual account titles. Explanations are not required. (Enter amounts in millions. Record debits first, thencredits. Exclude explanations from any journal entries.)Begin by journalizing the Harold Legal Services common stock issuance.Journal EntryData tableAccountsHarold Legal Services:Common stock, $0.01 par value, 2,200 shares issued $Additional paid-in capitalPrintDoneDebitMillions2217,300CreditData tableDelightful Doughnuts:Common stock, no par value, 66 shares issuedPrintDone$293X

Common Stock - Common Stock is shares issued to the shareholder's of the company in consideration…

Answered: Begin by journalizing the Harold Legal…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Make a Crossword 8 Chapters 1, 2, 14 Terminology Review Print Share Edit Answers E 21e³d ger 4g a Fa p S S e b i ¹t account S Across afd em ✓4. Set of accounting standards that have authoritative support 8. Land lease, building mortgage ✓9. Examples: Salaries, cost of goods, shipping costs, utilities .. ✔10. The basic form of an account ✓11. Ability to pay obligations expected to become due 1 .. 7 S r ⁹expenses d ¹ividends 1 t ¹iquidity 61 n V e n 0 r y B Down 1. Increase in assets or decrease in liabilities 3. The left side of an account ✓5. Examples: Cash, property, plant, and equipment ✔6. Goods available for future sales or use in service for customers ✓7. The right side of an account
Accounting 6 Question 12- Cha x AFall 2021] ACC 21 x Applications | Rap x O Accounting Ch 3S x nheducation.com/ext/map/index.html?_con=con&external browser%3D0&launchUrl=https%253A%252F%252Flms.mhedu Saved Homework CACILISE 2-44 Caiculdliny diiu IMerpreLIng he UEDI Tatio LU AZ Total Liabilities $ 36, 000 Expenses Total Assets $26,000 73,000 14,000 Net Income Company Dreamworks Pixar Universal $ 50,000 152, 000 72, 000 $23,000 33, 000 5, 400 147, 400 17, 480 a. Compute the debt ratio for each of the three companies. (Round your answers to 2 decimal places.) Company Dreamworks Debt Ratio nces Pixar Universal b. Which company has the most financial leverage? Largest financial leverage aw
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1. BE.04.01.ALGO 2. BE.04.02.ALGO 3. BE.04.03.ALGO 4. BE.04.04 5. BE.04.05.ALGO 6. EX.04.04 7. EX.04.05.ALGO 8. EX.04.21 9. EX.04.18 10. EX.04.12 11. EX.04.02 ALGO 12. EX.04.08 Identifying Activity Bases in an Activity-Based Cost System Comfort Foods Inc. uses activity-based costing to determine product costs. For each activity listed in the left column, select an appropriate activity base from the right column. You may use items in the dropdown list more than once or not at all. Activity Cafeteria Customer return processing Electric power Human resources Inventory control Invoice and collecting Machine depreciation Materials handling Order shipping Payroll Performance reports Production control Production setup Purchasing Quality control Sales order processing Feedback Activity Base Engineering change orders. X Kilowatt hours used. X Number of purchase orders Number of sales orders X
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Unit IV question 13

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