Answer:
The answer is given below;
Explanation:
Preferred Stock Dr.$39,000,000
Common Stock Cr.$33,000,000
Paid in capital in excess of par-Common stock (39,000,000-33,000,000) Cr.$6,000,000
As the book value of preferred stock is greater than the price paid at the time of conversion into common stock,therefore excess amount is paid in capital in excess of par for common stocks.As the preferred stock is reduced by their book value,therefore it is debited and common stock is credited with its cost.
Answer:
depreciation rate per unit $0.34
Explanation:
To calculate the depreciation cost per unit we divide the amount subject to depreciation by the estimated untis production over its useful life:
depreciable amount:
$41,000 - $3,600 = $ 37,400
depreciation rate:
$37,400 / 110,000 units = $0.34
Answer:
Journalizing correcting entries:
Aug. 1
Debit Utilities Expense $530
Credit Repairs Expense $530
To correct wrong posting.
Aug. 5:
Debit Sales Revenue $1,200
Credit Vivian Lynum, Capital $1,200
To correct wrong posting.
July 30:
Debit Supplies Account $280
Credit Suspense Account $280
To correct the wrong posting.
Explanation:
The July 6 entry is difficult to decide the correcting entry since the wrong amount was not given. There is nothing that can be done with the $160 supplied in the question.
Answer:
Explanation:
While buying a computer , the potential purpose and usage of the computer should as well as the component of the computer to buy should be considered in order to make a right selection .
As graphics designing software is processor intensive , a processor with a very high speed of at least 1 Ghz and an adequate RAM to aid faster process at once , minimum of 8Gb is required.
However , considering the function of a secretary which is to track billing and hours , a computer with a slower process will definitely perform the task
Answer:
Product Life Cycle Analysis
Explanation:
