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timurjin [86]
3 years ago
8

Prior to September 30, a company has never had any treasury stock transactions. A company repurchased 1,000 shares of its $2 par

common stock on September 30 for $20 per share. On October 2, it reissued 400 of these shares at $21 per share. On October 12, it reissued the remaining 600 shares at $19 per share. The journal entry to record the reissuance of the shares on October 2 would be:
Business
1 answer:
kondor19780726 [428]3 years ago
7 0

Answer: Please refer to Explanation

Explanation:

The following will be the journal entry on October 2nd

October 2

DR Cash $8,400

CR Treasury Stock $8,000

CR Additional Paid-in Capital $400

(To record reissuance of Treasury Stock)

Workings

Cash = 400 * 21

= $8,400

Treasury Stock = 400 * 20 (purchase price)

= $8,000

Additional Paid-in Capital = (21 - 20) * 400

= $400

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Answer:

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Explanation:

Overheads in manufacturing process are allocated to jobs or products using cost drivers or surrogates.

<em><u>First Step : Determine the Pre-determined Overhead rate</u></em>

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<em><u>Step 2 : Determined the Amount of Overhead allocated to Job 56 based on labor hours utilised</u></em>

Overhead for Job 56 = Pre-determined Overhead rate × Hours Used

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Explanation:

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Que es una comision de ahorros
nikitadnepr [17]

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4 years ago
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hoa [83]

Answer:

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muminat

Answer:

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