1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex777 [14]
3 years ago
14

Journalize the entries to record the following selected equity investment transactions completed by Yerbury during a recent year

: Feb. 2 Purchased for cash 5,300 shares of Wong Inc. stock for $20 per share plus a $110 brokerage commission. Mar. 6 Received dividends of $0.30 per share on Wong Inc. stock. June 7 Purchased 2,000 shares of Wong Inc. stock for $26 per share plus a $120 brokerage commission. July 26 Sold 6,000 shares of Wong Inc. stock for $35 per share less a $100 brokerage commission. Yerbury assumes that the first investments purchased are the first investments sold. Sept. 25 Received dividends of $0.40 per share on Wong Inc. stock.
Business
1 answer:
marshall27 [118]3 years ago
6 0

Answer:

Yerbury Journal. $

Feb 2

Investment Wrong Dr 106,000

Brokerage Expenses Dr 110

Cash. CR. 106110

Purchase of Wrong share by cash

Mar 6

Cash Dr. 1590

Dividend Cr. 1590

Dividend received from Wrong

June 7

Investment Wrong Dr 31200

Brokerage Expenses Dr 120

Cash Cr. 31320

Purchase share from Wrong by cash

June 26

Cash Dr. 210,000

Investment Cr. 124,200

Profit Cr 85800

Sales of 5300 and 700 shares purchased from Wrong at$20&$26 respectively.

June 26

Brokerage exp Dr. 100

Cash. CR. 100

Brokerage paid on sales of Wrong shares

Sept 20

Cash Dr. 520

Dividend Cr. 520

Dividend received on share

Explanation:

You might be interested in
An injunction that requires a defendant to take an action or set of actions is
lianna [129]

Answer:

C. mandatory

Explanation:

A law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.

Thus, law is a tool used by the judiciary, lawyers, individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions. Therefore, a law creates the foundation for ethical behavior.

In circumstances where there are aberration, the law is enforced as a punishment and penalty for wrongdoings or misdeeds.

There are various types of law and these includes; criminal law, constitutional law, intellectual property law, corporate law, international law, family law, civil law, etc.

An injunction can be defined as a legal and equitable court order compelling (commanding) or prohibiting an individual, group or entity to either perform or cease from performing a specific action.

Basically, a court of competent jurisdiction is empowered by law to grant an injunction to a third party for further examination and trial.

Similarly, an injunction that requires a defendant or plaintiff to take an action or set of actions is a mandatory injunction.

6 0
3 years ago
Read 2 more answers
Which of the following activities are credits? The impact on accounts receivable from a $10 million collection from a customer.
bagirrra123 [75]

i don’t know .........

3 0
3 years ago
How much do you need invested to live off dividends.
Alexxx [7]

Answer:

Usually right between 100,000 and 600,000.

5 0
2 years ago
Assuming that ATCHULO Company Ltd is committed to the current design, how would you improve it?
Alisiya [41]

Answer:

Atchulo company should focus on its income centers rather than the whole organization. The company has limited itself to only domestic shipments. It has not considered the international shipment where profit margin can be high and company can benefit from expanding its operations. Also all the cost related to the travelling of shipment to and from the hub is charged to the hub and terminals does not bears the cost.

Explanation:

The revenue for the different terminals and hub is divided so the cost should also be allocated to the respective activities. If the hub is set as cost bearing center then there will no profit to the hub and terminals cost will be reduced and they will enjoy high profit.

6 0
3 years ago
When Moon Star Products Inc. planned to start its operations in United Cadvia, an emerging nation, it realized that it will have
lorasvet [3.4K]

Answer:

a. Equity alliance

Explanation:

Equity alliance -

It is the process , in which one of the company take the equity stake of the other company and vice versa , is referred to as equity alliance .

Due to this ,  the company becomes shareholder and stakeholder of each other .

The share acquired is the minor one , so that the company still have the power of decision making .

Hence , same case is shown in the question ,where the Moon Star Products Inc.buys the 40 % of the stock of Gold Logistics .

8 0
3 years ago
Other questions:
  • HURRY HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    5·1 answer
  • Julie is developing a budget for her firm's IMC program. First she sets objectives. Then she chooses media, and finally she dete
    6·1 answer
  • Members of the board of directors of have received the following operating income data for the year just​ ended:
    5·1 answer
  • On January 1, the Elias Corporation issued 10% bonds with a face value of $50,000. The bonds are sold for $46,000. The bonds pay
    12·1 answer
  • After completing an investigation, internal auditing has concluded that an employee has stolen a significant amount of cash rece
    8·1 answer
  • Brody and tanya recently sold some land they owned for $200,000. they received the land five years ago as a wedding gift from br
    9·1 answer
  • The owner of a bicycle repair shop forecasts revenues of $236,000 a year. Variable costs will be $69,000 and rental costs for th
    9·1 answer
  • In economics, the demand for a good refers to the amount of the good that people:_______
    12·1 answer
  • An investor in able inc. would like to understand able's availability of resources to pay its short-term cash requirements. this
    14·1 answer
  • A ________ growth strategy employs the existing marketing offering to reach new market segments.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!