Answer:
June 30, repurchase of 100 shares:
Dr Treasury stock 4,000
Cr Cash 4,000
Explanation:
The other journal entries should be as follows
July 20, resale of 50 shares:
Dr Cash 2,300
Cr Treasury stock 2,000
Cr Additional paid in capital 300
August 1, resale of 20 shares:
Dr Cash 760
Dr Additional paid in capital 40
Cr Treasury stock 800
Increase the price to make more money to be able to afford oil.
Yes/true/correct/not false
<span>will, will earn i hope this helps...</span>
Answer: $5,700
Explanation:
First find the depreciation for the first 4 years.
= (26,100 - 3,300) / 8
= $2,850
Accumulated depreciation in year 4= 2,850 * 4 = $11,400
Net book value in year 4 = 26,100 - 11,400 = $14,700
Revised useful life means only 2 years are left.
New depreciation = (14,700 - 3,300) / 2 = $5,700