Answer:
The journal entries alongwith its explanation are as under:
Explanation:
Journal entry at Jan 3, to record purchase of treasury stock would include the recording of treasury stock at the price paid to the shareholders for purchase of the stock, the journal entry is as under:
Dr Treasury Stock (1800 share*$8 per share) $14,400
Cr Cash $14,400
Journal entry at Jan 30, of selling treasury stock would include the elimination of the treasury stock at the amount purchased and the remainder will will be the Paid-In Capital, the journal entry is as under:
Dr Cash (1200*9) $10,800
Cr Treasury stock (1200*8) $9,600
Cr Paid in capital from sale of treasury stock $1,200
Answer:
$1,000,000
Explanation:
The computation of the Capital Projects Fund liability for the note is shown below:
= Issued price
= $1,000,000
The time period should be ignored. As the question has asked about the Capital Projects Fund liability , so we consider only the amount i.e $1,000,000 without considering its time period, and the dates which are mentioned in the question.
I believe it’s b..... hope this helps pls tell me if I’m wrong! <3
Answer:
truth of lending act
Explanation:
laid the foundation for consumer protection