How to record the following transactions? 13. (!)Company repurchased from the market 20 of own shares at nominal value of 10 and purchase price of 4. All share were paid for in full cash. 14. Last year company issue 100 shares at a nominal price of $6 / share and issue price $7 / share with an emission expense $150. 15. The company received a return of the goods from client – value of goods 2 000. 16. Last year the company set up a warranty provision of 20 000. One of the clients asked for a repair of the products purchased which cost 2 800. Company used the warranty provision to settle the cost. 17.The company Alfa incurred R&D. Company stated that the research costs are equal 2 000 and second stage (development cost) of the project is not finished but usefulness of it is almost 3 000. 18.Company obtained a grant from a government of 2 000 to conduct R&D activities over the next year. The company Alfa incurred R&D. Company stated that the second stage of the project development cost is successfully finished 3 000. 19.Partner Z withdraws cash of $25,000 and Partner Y withdraws $18,000 from the company.
How to record the following transactions?
13. (!)Company repurchased from the market 20 of own shares at nominal value of 10 and purchase price of 4. All share were paid for in full cash.
14. Last year company issue 100 shares at a nominal price of $6 / share and issue price $7 / share with an emission expense $150.
15. The company received a return of the goods from client – value of goods 2 000.
16. Last year the company set up a warranty provision of 20 000. One of the clients asked for a repair of the products purchased which cost 2 800. Company used the warranty provision to settle the cost.
17.The company Alfa incurred R&D. Company stated that the research costs are equal 2 000 and second stage (development cost) of the project is not finished but usefulness of it is almost 3 000.
18.Company obtained a grant from a government of 2 000 to conduct R&D activities over the next year.
The company Alfa incurred R&D. Company stated that the second stage of the project development cost is successfully finished 3 000.
19.Partner Z withdraws cash of $25,000 and Partner Y withdraws $18,000 from the company.
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