Questions from Financial Accounting

Q: Tresko Systems completed the following stock issuance transactions: /

Tresko Systems completed the following stock issuance transactions: Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions ge...

Q: Data from the comparative balance sheet of Stevenson Building Materials, Inc

Data from the comparative balance sheet of Stevenson Building Materials, Inc., at July 31, 2016, follow: Stevenson Building Materials, Inc.’s transactions during the year ended Jul...

Q: The charter for Zealax, Inc., authorizes the company to issue

The charter for Zealax, Inc., authorizes the company to issue 250,000 shares of $3, no-par preferred stock and 950,000 shares of common stock with $8 par value. During its start-up phase, Zealax, Inc....

Q: The 2016 comparative balance sheet and income statement of Bone Appetit Pet

The 2016 comparative balance sheet and income statement of Bone Appetit Pet Supply, Inc., are: Bone Appetit Pet Supply, Inc., had no noncash investing and financing transactions during 2016. During...

Q: Bressler, Corp., issued 6,000 shares of no-

Bressler, Corp., issued 6,000 shares of no-par common stock for $14 per share. Requirements 1. Record issuance of the stock if the stock: a. is no-par stock b. has a stated value of $9 per share 2....

Q: The accounting records for Haskins Steel, Inc., for the year

The accounting records for Haskins Steel, Inc., for the year ended June 30, 2016, contain the following information: a. Purchase of fixed assets for cash, $97,400 b. Proceeds from issuance of common...

Q: Find the Columbia Sportswear Company Annual Report located in Appendix A and

Find the Columbia Sportswear Company Annual Report located in Appendix A and go to the Financial Statements starting on page 663. Now access the 2014 Annual Report for Under Armour, Inc., from the Int...

Q: Vischten Co. recently organized. The company issued no-par

Vischten Co. recently organized. The company issued no-par common stock to an attorney in exchange for his patent with a market value of $64,000. In addition, Vischten Co. received cash for 5,000 shar...

Q: Use the Bone Appetit Pet Supply, Inc., data from P11

Use the Bone Appetit Pet Supply, Inc., data from P11-33A. The cash amounts for Interest Revenue, Salaries Expense, Interest Expense, and Income Tax Expense are the same as the accrual amounts for thes...

Q: Tri County Communications, Inc., has the following stockholders’ equity:

Tri County Communications, Inc., has the following stockholders’ equity: Requirements 1. Assume the preferred stock is cumulative. Compute the amount of dividends to preferred and...