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VikaD [51]
3 years ago
12

Bargain Central ​Furniture, Inc. completed the following treasury stock transactions in 2016​: LOADING...​(Click the icon to vie

w the​ transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Bargain Central ​Furniture, Inc. report treasury stock on its balance sheet as of December ​31, 2016​? Requirement 1. Journalize these transactions. ​(Record debits​ first, then credits. Exclude explanations from any journal​ entries.) Dec. ​1: Purchased 1 comma 500 shares of the​ company's $1 par value common stock as treasury​ stock, paying cash of $ 5 per share. Date Accounts and Explanation Debit Credit Dec. 1
Business
1 answer:
Mkey [24]3 years ago
5 0

Answer:

Dr Treasury stock - common 7,500

Cr Cash 7,500

Explanation:

Journal entry for Bargain Central ​Furniture

Since the company on Dec. ​1 was said to have make Purchased of the amount of 1 ,500 shares of the​ company's $1 par value common stock as treasury​ stock in which they pay cash of $ 5 per share this means we have to record the transaction by Debiting Treasury stock- common with 7,500 and Crediting Cash with the same amount. The 7,500 is calculated as:

1,500 shares×$5 per share

December 1

Dr Treasury stock - common 7,500

Cr Cash 7,500

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Answer:

Specialty Store

Explanation:

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Since in the given situaton, it is mentioned that the stores increase the usage of the designer boutique for highlighting the particular designers for the small market so this represent the speciality store of that retail institution

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3 years ago
Two years ago, you purchased 100 shares of Coca-Cola Company. Your purchase price was $52 a share, plus a total commission of $2
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Answer:

The answer is: 2.98%

Explanation:

The dividend yield for the stock during the purchase year can be calculated using the following formula:

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In this case year A is the purchase year.

Dividend yield = $1.55 / $52 = 0.0298 or 2.98%

5 0
3 years ago
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Professional organizations and producer groups have the incentive to restrict advertising in order to reduce competition on the basis of price.

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8 0
2 years ago
Assume that Division Blue has achieved a yearly income from operations of $166,000 using $976,000 of invested assets. If managem
bija089 [108]

Answer:

d.$87,920

Explanation:

Residual Income = Net Income - Cost of Investment

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The type of economy that people grow crops for their own use is traditional .The correct answer is D. 
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3 years ago
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