Maurice Tutor

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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, 6 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 07 Aug 2017 My Price 4.00

Sayers Company

The stockholders' equity of Sayers Company at 2009 January 1, is as follows: Common stock – no-par value, stated value of $20; 100,000 shares authorized, 60,000 shares issued $1,200,000 Paid-in capital in excess of stated value 200,000 Appropriation per loan agreement 75,200 Unappropriated retained earnings 424,000 Treasury stock (3,000 shares at cost) (72,000) During 2009, the following transactions occurred in the order listed: • Issued 10,000 shares of stock for USD 368,000. • Declared a 4 percent stock dividend when the market price was USD 48 per share. • Sold 1,000 shares of treasury stock for USD 43,200. • Issued stock certificates for the stock dividend declared in transaction 2. • Bought 2,000 shares of treasury stock for USD 67,200. • Increased the appropriation by USD 43,200 per loan agreement. Prepare journal entries as necessary for these transactions

Answers

Maurice Tutor
(5)
Status NEW Posted 07 Aug 2017 12:08 AM My Price 4.00

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