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Prepare the journal entry to record Zende Company’s issuance of 66,000 shares of $5 par value common stock assuming the shares s

eduard

Answer:

The journal entry to record Zende Company’s issuance of 66,000 shares of $5 par value common stock assuming the shares sell for $5 cash per share would be

Debit Credit

Cash $330,000

Common stock $330,000

The journal entry to record Zende Company’s issuance of 66,000 shares of $5 par value common stock assuming the shares sell for $6 cash per share would be

Debit Credit

Cash $396,000

Common stock $330,000

Paid in capital in excess of par value $66,000

Explanation:

The journal entry to record Zende Company’s issuance of 66,000 shares of $5 par value common stock assuming the shares sell for $5 cash per share would be as follows:

Debit Credit

Cash $330,000

Common stock $330,000

Par values of the share of common stock=$66,000*5

Par values of the share of common stock=$330,000

The journal entry would be prepared by debiting cash and crediting common stock by $330,000

The journal entry to record Zende Company’s issuance of 66,000 shares of $5 par value common stock assuming the shares sell for $6 cash per share would be as follows:

Debit Credit

Cash $396,000

Common stock $330,000

Paid in capital in excess of par value $66,000

cash=66,000*$6

cash=$396,000

Common stock=$66,000*5=$330,000

Paid in capital in excess of par value=$396,000-$330,000=$66,000

4 0

3 years ago

Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory accou

kotykmax [81]

Answer:

1. Overhead rate = Overhead costs / Direct material costs

Overhead rate = $684,000 / $1,900,000

Overhead rate = 0.36

Overhead rate = 36%

2. How much direct labor cost and overhead cost are assigned to this job?

Total cost of job in process $71,000

Less: Overhead applied $7,920

($22,000 * 36%)

Less: Material cost of job in process $22,000

Direct labor cost $41,080

Hence, direct labor cost is $41,080 and Overhead cost is $7,920

8 0

3 years ago

EX 7.13. Create an interface called Visible that includes twomethods: makeVisible and makelnvisible. Both methods should takeno

lord [1]

Answer:

public class Icon implements Visible

{

// instance variable

//Constructor variable

Public Icon()

{

//implementation

}

//two methods will be implemented make visible and makeInvisible with the signage and return type

//displayed below

\ public boolean makeVisible()

{

//the implementation is registered here

public boolean makeInvisible()

{ //implemetation will be here

}

//other methods are of this type

Explanation:

Create an interface called Visible that includes twomethods: makeVisible and makelnvisible. Both methods should takeno parameters and should return a Boolean result. Describe how aclass might implement this interface.public interface Visible{public: boolean makeVisibleO;public boolean makelnvisibleO;

The above can be executed as a javascript

public class Icon implements Visible

{

// instance variable

//Constructor variable

Public Icon()

{

//implementation

}

//two methods will be implemented make visible and makeInvisible with the signage and return type

//displayed below

\ public boolean makeVisible()

{

//the implementation is registered here

public boolean makeInvisible()

{ //implemetation will be here

}

//other methods are of this type

5 0

3 years ago

5 th question answer please

NeX [460]

Answer:C

Explanation:

7 0

3 years ago

Read 2 more answers

The commission structure on a stock purchase is $45 plus $0.04 per share. If you purchase five round lots of a stock selling for

Vedmedyk [2.9K]

The commission for purchasing five round lots of a stock selling for $130 is $65.

<h3>What is round lots of a stock?</h3>

A specified quantity of securities to be traded on an exchange is known as a round lot. In the stock market, a round lot is defined as 100 shares or a bigger number that may be divided in half equally.

1 round lots = 100 shares

5 round lots = 500 shares

The commission structure on a stock purchase is $45 plus $0.04 per share.

For 500 shares, the commission is

= 45 + 0.04×500

= 65

Therefore, the commission for purchasing 500 shares of stock selling for $130 is $65.

To know more about commission, here

brainly.com/question/957886

#SPJ4

7 0

1 year ago