Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 4 Days Ago
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Education

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

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 7.00

Kash Company.

Prepare journal entries to record the following transactions and events of Kash Company.

 

2011

 

Jan. 2

 

Purchased 30,000 shares of Bushtex Co. common stock for $204,000 cash plus a broker's fee of $3,480 cash. Bushtex has 90,000 shares of common stock outstanding and its policies will be significantly influenced by Kash.

 

Sept. 1

 

Bushtex declared and paid a cash dividend of $3.10 per share.

 

Dec. 31

 

Bushtex announced that net income for the year is $624,900

 

2012

 

June 1

 

Bushtex declared and paid a cash dividend of $3.60 per share.

 

Dec. 31

 

Bushtex announced that net income for the year is $699,750.

 

Dec. 31

 

Kash sold 10,000 shares of Bushtex for $162,500 cash.

Answers

(5)
Status NEW Posted 11 Aug 2017 04:08 PM My Price 7.00

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