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
n200080 [17]
2 years ago
12

7200 shares of treasury stock of Coronado, Inc., previously acquired at $13 per share, are sold at $19 per share. The entry to r

ecord this transaction will include a debit to Treasury Stock for $93600. credit to Paid-In Capital from Treasury Stock for $43200. credit to Treasury Stock for $136800. debit to Paid-In Capital from Treasury Stock for $43200.
Business
1 answer:
GalinKa [24]2 years ago
3 0

Answer:

Credit to Paid-In Capital from Treasury Stock for $43,200

Explanation:

Based on the information given The entry to record this transaction will include a Credit to Paid-In Capital from Treasury Stock for $43,200 calculated using this formula

Credit to paid-in capital treasury stock=[Number of treasury shares sold × (Selling price of treasury stock - Cost of treasury stock) ]

Let plug in the formula

Credit to paid-in capital treasury stock=[7,200*($19 per share-$13 per share)]

Credit to paid-in capital treasury stock=7,200*$6

Credit to paid-in capital treasury stock=$43,200

You might be interested in
Blue Ridge Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing 43,000 parts is $140,
kifflom [539]

Answer:

$71,000

Explanation:

The computation of operating income is shown below:-

Total costs if company bought = Cost of production × Outside supplier per unit) + (Fixed cost × Remaining percentage)

= (43,000 × $3.80) + ($68,000 × (100% - 30%))

= (43,000 × $3.80) + ($68,000 × 70%)

= $163,400 + $47,600

= $211,000

Loss in Income if part is bought = Total costs if company bought - Total costs originally

= $211,000 - $140,000

= $71,000

Therefore, Making profit will be more by $71,000 and for computing the Loss in Income if part is bought we simply applied the above formula.

8 0
3 years ago
On october 1, goodwell company rented warehouse space to a tenant for $2,500 per month and received $12,500 for five months' ren
Nina [5.8K]
Goodwell will recognize 3 months (Oct 1 - Dec 31) of rent revenue earned, and will reduce (debit) the unearned rent revenue for those 3 months.
2,500 x 3 months = 7,500

Journal Entry, Dec 31:
Unearned Rent Revenue: 7,500
           Rent Revenue:                    7,500

The new Unearned Rent Revenue Account balance will be:
12,500 - 7,500 = 5,000

4 0
3 years ago
One thing that a college might look at when considering accepting a new student is:
scoray [572]
Answer:
D
Explanation:
In order for a college to accept a new student they need to have a look at their GPA.
4 0
1 year ago
Read 2 more answers
The risks of vertical integration include all of the following EXCEPT: a. costs and expenses associated with increased overhead
aleksandrvk [35]

Answer: Lack of control over valuable assets

 

Explanation: In simple words, vertical integration refers to a process under which an organisation combines two or more stages of production which were previously performed by any other company.

The vertical integration is done where the company wants to get more hold on its supply chain with the ultimate objective of having better control over valuable assets.

Hence from the above we can conclude that the correct option is C.

5 0
3 years ago
Which of the following is an exanple of a function skill​
Bad White [126]

Answer:

Walking

Explanation:

3 0
2 years ago
Read 2 more answers
Other questions:
  • Wildhorse Beverage Company reported the following items in the most recent year. Net income $43,400 Dividends paid 5,210 Increas
    13·1 answer
  • A company declared a cash dividend of $8,560 on december 5, 2015. the company made a cash dividend payment on january 8, 2016. w
    14·1 answer
  • Market anomaly refers to _______. an exogenous shock to the market that is sharp but not persistent a price or volume event that
    8·1 answer
  • Government programs in which money is taken from one group is given to another are called
    5·1 answer
  • What type of loan requires you to pay the interest accumulated during college
    5·1 answer
  • Which one is the correct answer ?
    14·1 answer
  • Bob makes his first deposit into an IRA earning compounded annually on his th birthday and his last deposit on his birthday ( eq
    6·1 answer
  • Select the correct answer from each drop-down menu.
    8·1 answer
  • A flower shop makes a large sale for $1,000 on November 30. The customer is sent a statement on December 5 and a check is receiv
    9·1 answer
  • Return on sales for south drive is lower in year 2 than year 1 what expense is causing this lower?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!