Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journal entriesimpacted its stockholders' equity during its first year of operations.Transactiona.b.C.d.General JournalCashCommon Stock, $25 Par ValuePaid-In Capital in Excess of Par Value, Common StockOrganization ExpensesCommon Stock, $25 Par ValuePaid-In Capital in Excess of Par Value, Common StockCashAccounts ReceivableBuildingNotes PayableCommon Stock, $25 Par ValuePaid-In Capital in Excess of Par Value, Common StockCashCommon Stock, $25 Par ValuePaid-In Capital in Excess of Par Value, Common StockRequired:2. How many shares of common stock are outstanding at year-end?3. What is the total paid-in capital at year-end?2. Number of outstanding shares3. Total paid-in capitalDebit270,000170,00044,00018,50081,800136,000Credit245,00025,000126,00044,00059,90054,40030,00080,00056,000

The total number of shares issued and being held by stockholders, including both outside investors…

Answered: ns. The following journal entries D 3 D…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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* 00 HI F. R %24 EI Question 18 - Extra Credit- Char X Organization goals include Bin x- @https://ezto.mheducation.com/ext/map/index.html?_con3con&external browser%3D0&launchUrl%-https%253A%252F%252 (u) Hef Extra Credit- Chapter 11 & 13 Review Center Company makes collections on sales according to the following schedule: 30% in the month of sale 60 in the month following sale 8% in the second month following sale The following sales are expected: Expected Sales $135,000 $153,000 $140,000 January February March Cash collections in March should be budgeted to be: Multiple Choice Mc < Prev 18 of 20 Next 11!H OType here to search 小 F7 同I F10 反 +Do F5 F8 F11 F12 64 & %23 ) 3. 4. 5. 9. 6 P. KL
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PB5. 13.3 Dixon Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1, 2018 and received $480,000. Interest is payable annually. The discount is amortized using the straight-line method. Prepare journal entries for the following transactions. A. July 1, 2018: entry to record issuing the bonds B. June 30, 2019: entry to record payment of interest to bondholders C. June 30, 2019: entry to record amortization of discount D. June 30, 2020: entry to record payment of interest to bondholders E. June 30, 2020: entry to record amortization of discount
APPLICATION Inemusob osvuos srit suodo znaltzaup sni 1. Dahl Accounting is a firm owned by Barb E. Dahl. The accounts for the firm are as follows: modt fast Bank Advertising Expenseusealedi A/R-various Supplies Office Equipment Automobile A/P-various Transactions Oct. 2 Mr. Leonardi Journalize the following transactions, using the general journal pages provided. Calculate and add the HST on all sales and purchase transactions. Do not provide explanations and ignore the page number and the P.R. column. 12 10 18 6 7 20 22 24 30 31 31 HST Recoverable HST Payable B. Dahl, Capital B. Dahl, Drawings W.d Fees Earned (ham S) Interest Earned de arit bouzzlesw or W Bank Charges Car Expense Office Expense Rent Expense Wages Expense Cash Sales Slip No. 102 to S. Stewart, $102.50 plus H.S.T. beneben divise noitsisqoq x Sales Invoice No. 617 to Jack Morrison, $250.90 plus H.S.T.. SSSSSSS TH SSSSS :IstoT Cheque Copy JAMRUOL JAFEVED No. 910 to Industrial Suppliers, $500.00 on account. Cash Receipt…
The contra revenue account that represents the reduction in the amount paid by a credit customer if payment is made within a specified period of time is known as which of the following: O Contra revenue account O Sales allowance account O Sales discount account O Allowance for uncollectible accounts ASUS f3 f4 f5 f6 f7 f8 f9 f10 f11 区ロ/京 %24 & 3 4. 7. 8 9. 01 Y U G H. J K 16 5 图

my.sharepoint.com/w:/t/personal/hayess_students_an_edu/_layouts/15/Docaspx?sourcedoc=(c6 anvas erences Review View Help Editing i Share A^ A U Ov Av Ao E E E E E ACC200 PRINCIPLES OF ACCOUNTING III ASSIGNMENT 4 EA1. LO 6.1Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hours FA2
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Account: A/R – Manitoba Equipment Co. No. 211 Dater2021) PARTICULARS P.R. DEBIT CREDIT Dr/Cr BALANCE Aug 15 J22 1,600 00 Sep |4 J26 825 00 16 Ј30 176 00 Асcount: No. Date2021) PARTICULARS P.R. DEBIT CREDIT Dr/Cr BALANCE
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Class Collaborate-AC-163-44 P x CengageNOWv2| Online teachin X + 2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignments... A Determine the following measures for 2018. Round ratio values to one decimal place and dollar amounts to the nearest cent. For number of days' sales in receivables and number of days' sales in inventory, round intermediate calculations to the nearest whole dollar and final amounts to one decimal place. Assume there are 365 days in the year. 1. Working capital Г 2,790,000 2. Current ratio 4.1 3. Quick ratio 2.5 4. Accounts receivable turnover 16 5. Days' sales in receivables 22.8 days 6. Inventory turnover 7. Days sales in inventory 8. Debt ratio days % 9. Ratio of liabilities to stockholders' equity 10. Ratio of fixed assets to long-term liabilities 11. Times interest earned times times 12. Times preferred dividends earned Check My Work 8 144 0 P Previous Email Instructor Save and Exr Submit Assignment for Grading pri se…
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1. MC.14.81.ALGO 2. MC.14.96.ALGO 3. MC.11.69.ALGO 4. MC.11.112.ALGO 5. MC.15.86.ALGO 6. MC.15.125 7. MC.16.71.ALGO 8. MC.16.86.ALGO 9. MC.17.87.ALGO 10. MC.17.129 11. MC.18.58.ALGO 12. MC.18.45.ALGO 13. MC.20.81.ALGO Mocha Company manufactures a single product by a continuous process, involving three production departments. The records. indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000, $60,000, and $70,000, respectively. Department 2 has transferred-in costs of $390,000 for the current period. In addition, work in process at the beginning of the period for Department 2 totaled $75,000, and work in process at the end of the period totaled $90,000. The journal entry to record the flow of costs into Department 3 during the period is Oa. Work in Process-Department 3…

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ns. The following journal entries D 3 D D Credit 245,000 25,000 126,ᎾᎾᎾ 44,ᎾᎾᎾ 59,900 54,400 30,000 80,ᎾᎾᎾ 56,000