Question
In: Accounting
What Account Titles do I use to record these transactions??? ALSO I HAVe to Keep a...
What Account Titles do I use to record these transactions??? ALSO I HAVe to Keep a running balance of the average per share amount of the common shares.
On January 1, 2017, Hum Enterprises Inc. had 64,000 common shares, recorded at $512,000. The company follows IFRS. During the year, the following transactions occurred:
Apr. 1 Issued 5,000 common shares at $10 per share.
June 15 Declared a 5% stock dividend to shareholders of record on September 5, distributable on September 20. The shares were trading for $12 a share at this time.
Sep. 21 Announced a 1-for-2 reverse stock split. Shares were trading at $10 per share at the time.
Nov. 1 Issued 3,000 common shares at $22 per share.
Dec. 20 Repurchased 10,000 common shares for $20 per share. This was the first time Hum had repurchased its own shares.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Record the following transactions for Novak Corp. in the general journal. (Credit account titles are automatically...
Record the following transactions for Novak Corp. in the general
journal. (Credit account titles are automatically
indented when amount is entered. Do not indent manually. Record
journal entries in the order presented in the
problem.)
2020
May
1
Received a $40,950, 12-months, 12% note in exchange for Mark
Chamber’s outstanding accounts receivable.
Dec.
31
Accrued interest on the Chamber note.
Dec.
31
Closed the interest revenue account.
2021
May
1
Received principal plus interest on the Chamber note. (No
interest...
Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the...
Consider the following account starting balances and
transactions involving these accounts. Use T-accounts to record the
starting balances and the offsetting entries for the transactions.
The starting balance of Accounts Receivable is $3,200 The starting
balance of Cash is $13,700 The starting balance of Inventory is
$5,100 1. Buy $14 worth of manufacturing supplies for cash 2. Sell
product for $35 in cash with historical cost of $35 3. Receive
payment of $13 owed by a customer What is the...
Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the...
Consider the following account starting balances and
transactions involving these accounts.
Use T-accounts to record the starting balances and the offsetting
entries for the transactions.
The starting balance of Accounts Payable is $1,500
The starting balance of Cash is $9,700
The starting balance of Debt is $2,900
The starting balance of Inventory is $3,800
1. Buy $15 worth of manufacturing supplies on credit
2. Borrow $60 from a bank
3. Pay $7 owed to a supplier
What is the final...
Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the...
Consider the following account starting balances and
transactions involving these accounts. Use T-accounts to record the
starting balances and the offsetting entries for the transactions.
The starting balance of Accounts Payable is $1,500 The starting
balance of Cash is $9,700 The starting balance of Debt is $2,900
The starting balance of Inventory is $3,800 1. Buy $15 worth of
manufacturing supplies on credit 2. Borrow $60 from a bank 3. Pay
$7 owed to a supplier What is the final...
Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the...
Consider the following account starting balances and
transactions involving these accounts.
Use T-accounts to record the starting balances and the offsetting
entries for the transactions.
The starting balance of Cash is $9,700
The starting balance of Inventory is $3,800
The starting balance of Retained Earnings is $23,600
1. Sell product for $30 in cash with historical cost of
$24
2. Sell, deliver, and receive payment of $40 for service
3. Consume good or service and pay expense of $2
What...
Do it in python please! also please use this template please I have provided and below...
Do it in python please! also please use this template please I
have provided and below is the activity
def main():
# import the module random
try:
# asking the user to enter a number between 1 and 100
#loop time
while
if
elif
#for loop # generates that number of random integers and stores
them in a list
for x in
# computations
# displays the results on the screen
# call try_Again to give the user the opportunity...
Journalize the following transactions by Culver Printing Company. (Credit account titles are automatically indented when the...
Journalize the following transactions by Culver Printing
Company. (Credit account titles are automatically indented when the
amount is entered. Do not indent manually. If no entry is required,
select "No Entry" for the account titles and enter 0 for the
amounts.)
1. Stockholders invest $83,500 cash to start the business.
2. Purchased three digital copy machines for $430,000, paying
$113,000 cash and signing a 5-year, 6% note for the remainder.
3. Purchased $4,000 paper supplies on credit.
4. Cash received...
Consider the following account starting balances and journal transactions involving these accounts. Use T-accounts to record...
Consider the following account starting balances and journal
transactions involving these accounts.
Use T-accounts to record the starting balances and organize the
offsetting entries for the transactions.
The starting balance of Accounts Receivable is $3,600
The starting balance of Cash is $12,500
The starting balance of Inventory is $5,200
Date
Accounts and
Explanation
Debit
Credit
Jan 19
Cash
40
Inventory
40
Sold and delivered product to
customer at cost
Jan 20
Cash
13
Accounts
Receivable
13
Received customer payment
Jan...
Consider the following account starting balances and journal transactions involving these accounts. Use T-accounts to record...
Consider the following account starting balances and journal
transactions involving these accounts.
Use T-accounts to record the starting balances and organize the
offsetting entries for the transactions.
The starting balance of Cash is $9,100
The starting balance of Inventory is $4,800
The starting balance of Retained Earnings is $24,700
Date
Accounts and
Explanation
Debit
Credit
Mar 9
Cash
30
Inventory
24
Retained
Earnings
6
Sold and delivered product to
customer
Mar 10
Cash
40
Retained
Earnings
40
Sold, delivered, and...
Selected transactions from the journal of June Feldman, investment broker, are presented below. Date Account Titles...
Selected transactions from the journal of June Feldman,
investment broker, are presented below. Date Account Titles and
Explanation Ref. Debit Credit Aug.1 Cash 5,100 Owner's Capital
5,100 (Owner’s investment of cash in business) 10 Cash 2,652
Service Revenue 2,652 (Received cash for services performed) 12
Equipment 5,100 Cash 2,346 Notes Payable 2,754 (Purchased equipment
for cash and notes payable) 25 Accounts Receivable 1,734 Service
Revenue 1,734 (Billed clients for services performed) 31 Cash 918
Accounts Receivable 918 (Receipt of cash...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Explain the capabilities of the Ollgdbg and its interfaces. What is rebasing?
- Woodbridge Manufacturing case in Appendix E, and use the three primary project evaluation methods (NPV, IRR...
- I need some good/new/not common research topics for my proposal assignment (Don't Need Political Topics, Technology...
- Write a C++ program that reads integers from standard input until end of file. Print out...
- Woo Audio is a small company in New York that makes high-quality headphone amplifiers. The company...
- How are users categorized? In Linux, which user has all the privileges? Why do we need...
- Force Table: If the center ring were to have considerable mass, what effect would it have...
ADVERTISEMENT