Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 9.00

Primo Discount Corporation

PR 11-5A Entries for selected corporate transactions                              ObJ.  2,  3,  4, 6

 

Selected transactions completed by Primo Discount Corporation during the current fiscal year are as follows:

 

Jan.      9.   Split the common stock 3 for 1 and reduced the par from $75 to $25 per share. After the split, there were 1,200,000 common shares outstanding.

 

Feb. 28. Purchased 40,000 shares of the corporation’s own common stock at $28, recording the stock at cost.

 

May      1.   Declared semiannual dividends of $0.80 on 75,000 shares of preferred  stock and $0.12 on the common stock to stockholders of record on June 1, payable on July 10.

 

July   10.   Paid the cash dividends.

 

Sept.   7.   Sold 30,000 shares of treasury stock at $34, receiving cash.

 

Oct.     1.   Declared semiannual dividends of $0.80 on the preferred stock and $0.12  on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair mar- ket value of the common stock is estimated at $36.

 

Dec. 1. Paid the cash dividends and issued the certificates for the common stock dividend.

Instructions

Journalize the transactions.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 10:08 PM My Price 9.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)