SmartExpert

(118)

$30/per page/Negotiable

About SmartExpert

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

Expertise:
Accounting,Business & Finance See all
Accounting,Business & Finance,Economics,English,HR Management,Math Hide all
Teaching Since: Apr 2017
Last Sign in: 5 Weeks Ago
Questions Answered: 7559
Tutorials Posted: 7341

Education

  • BS,MBA, PHD
    Adelphi University/Devry
    Apr-2000 - Mar-2005

Experience

  • HOD ,Professor
    Adelphi University
    Sep-2007 - Apr-2017

Category > Accounting Posted 06 Dec 2019 My Price 4.00

Power Drive Corporation designs and produces

Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100000 shares of common stock outstanding as of the beginning of 2015. Power drive gas the following transactions affecting stockholders’ equity in 2015. March 1 : issues 54000 additional shares of$1 par value common stock for $51 per share May 10 : Repurchases 4900 shares of treasury stock for $54 per share. June 1: Declares a cash dividend of $1.45 per share to all stockholders of record on June 15. (Hind: Dividends are not paid on treasury stock.) July 1 : pays the cash dividends declared on June 1 October 21 : Reissues 2450 shares of treasury stock purchased on May 10 for $59 per shares. Required : Record each of these transactions. (If no entry is required for a particulars transaction, select “No journal entry required” in the first accounts field.)

 

 

Answers

SmartExpert
(118)
Status NEW Posted 06 Dec 2019 10:12 AM My Price 4.00

Pow-----------er -----------Dri-----------ve -----------Cor-----------por-----------ati-----------on -----------des-----------ign-----------s a-----------nd -----------pro-----------duc-----------es-----------

Attachments

file 1575627669-891940_1_answer--10.xls preview (46 words )
-----------Add-----------iti-----------ona-----------l -----------sha-----------res----------- 54-----------000-----------Par----------- va-----------lue----------- 1C-----------omm-----------on -----------sto-----------ck5-----------1Re-----------pur-----------cha-----------ses----------- 49-----------00T-----------rea-----------sur-----------y s-----------toc-----------k54-----------Cas-----------h d-----------ivi-----------den-----------d1.-----------45T-----------rea-----------sur-----------y s-----------toc-----------k24-----------50P-----------er -----------sha-----------re -----------59S-----------OLU-----------TIO-----------N:D-----------ate-----------Gen-----------era-----------l J-----------our-----------nal-----------Deb-----------itC-----------red-----------it -----------mar-----------ch -----------1 2-----------015-----------Cas-----------h27-----------540-----------00C-----------omm-----------on -----------sto-----------ck5-----------400-----------0Ad-----------dit-----------ion-----------al -----------pai-----------d-i-----------n-c-----------api-----------tal-----------270-----------000-----------0Ma-----------y 1-----------0 2-----------015-----------Tre-----------asu-----------ry -----------sto-----------ck -----------264-----------600-----------Cas-----------h26-----------460-----------0ju-----------ne -----------01 -----------201-----------5Di-----------vid-----------end-----------s 2-----------161-----------95D-----------ivi-----------den-----------ds ----------- pa-----------yab-----------les-----------216-----------195-----------Jul-----------y 1----------- 20-----------15D-----------ivi-----------den-----------ds ----------- pa-----------yab-----------les-----------216-----------195-----------Cas-----------h21-----------619-----------5oc-----------tob-----------er -----------21 -----------201-----------5Ca-----------sh -----------144-----------550-----------Tre-----------asu-----------ry -----------sto-----------ck1-----------323-----------00A-----------ddi-----------tio-----------nal-----------
Not Rated(0)