Answer:
The journal entry for the sale of the shares is as:
Explanation:
Cash A/c.......................Dr $4,000
Treasury Stock A/c......Cr $4,000
As there is sale of stock, so the corporation is receiving the cash and any increase in the asset is debited. Therefore, the cash account is debited. And the stock is going out of the business, then decrease in stock is credited. Therefore, the treasury stock account is credited.
Working Note:
Cash = Number of Shares × Price per share
= 1,000 × $4
= $4,000
Answer:
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Parents could include their kids into interactive activities such as sports or social clubs.
<span>Fixed budget, in a fixed budgetary control
system, the master budget is based on a single prediction for sales volume or other activity level. The budgeted amount for each cost
essentially assumes that a specific amount of sales will occur. A fixed budget, also called a static budget, is<span> based on a single predicted amount of
sales or other measure of activity.</span></span>
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