On October 28, 2011, the Seoul Company (SE 10) retired the remaining 1,500 shares of treasury stock.
Question:
On October 28, 2011, the Seoul Company (SE 10) retired the remaining 1,500 shares of treasury stock. The shares were originally issued at $5 per share. Prepare the necessary entry in Journal form.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
Oct 28 Common Stock 3000 Additional Paidin C...View the full answer
Answered By
Diane Joyce Pastorin
Please accept my enthusiastic application to solutioninn. I would love the opportunity to be a hardworking, passionate member of your tutoring program. As soon as I read the description of the program, I knew I was a well-qualified candidate for the position.
I have extensive tutoring experience in a variety of fields. I have tutored in English as well as Calculus. I have helped students learn to analyze literature, write essays, understand historical events, and graph parabolas. Your program requires that tutors be able to assist students in multiple subjects, and my experience would allow me to do just that.
You also state in your job posting that you require tutors that can work with students of all ages. As a summer camp counselor, I have experience working with preschool and kindergarten-age students. I have also tutored middle school students in reading, as well as college and high school students. Through these tutoring and counseling positions, I have learned how to best teach each age group.
4.60+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
How many shares of treasury stock did PepsiCo have at December 29, 2007, and at December 30, 2006?
-
A company purchases 2,000 shares of treasury stock for $5 per share. Required: How will this transaction affect stockholders' equity?
-
Gray Company lists the following shareholders equity items on its December 31, 2015, balance sheet: Gray Company Balance Sheet (Shareholders' Equity) December 31, 2015 1 Contributed Capital: 2...
-
A bank reconciliation takes time and must balance. An employee was struggling in balancing the bank reconciliation. Her supervisor told her to plug (make an unsupported entry for) the difference,...
-
Describe the two methods that taxpayers use to prepay their taxes.
-
Progressive plastic surgery is a medical practice operating as a professional corporation. the practice recently hired a new surgeon, daniela, after checking one reference. while operating on penny,...
-
A survey of German adults found that 73% of customers who shop online pay through PayPal. You randomly select 150 German adults who shop online. Find the probability that the number who pay through...
-
Refer back to the section of the chapter entitled Preparing Adjusting Entries. Who determines how long buildings and furniture and equipment are to last? Who determines the dollar amount of accounts...
-
A regional electrical distributor currently has 1,000 customers who buy an average of $5,000 per year, generating a 50% margin. From experience, the company knows that 20% of its customers will not...
-
Frankfort Enterprises is trying to select the best investment from among three alternatives to shift and process Kentucy Blue grass seeds. Each alternative involves an initial outlay of $56,500....
-
Prepare in journal form the entries necessary to record the following stock transactions of the Seoul Company during 2011: Oct. 1Purchase 2,000 shares of its own $2 par value common stock for $20 per...
-
Develop brief answers to each of the following questions: 1. Why are most large companies established as corporations rather than as partnerships? 2. Why do many companies like to give stock options...
-
The following information has been taken from the most recent statement of cash flows of Expansion Company: Net cash used by operating activities.....$ (932,000) Net cash provided by investing...
-
From June to September 2022, oil prices in the United States declined by about 35 percent. During these same months, U.S. oil production remained roughly constant, and stocks of oil in storage...
-
In 2018, an unusual situation developed with respect to production of natural gas in the Permian Basin of western Texas and New Mexico. A news article noted the following two facts: i. Shale drillers...
-
Juan Perez argues that Learning how to do business analysis and valuation using financial statements is not very useful, unless you are interested in becoming a financial analyst. Comment.
-
Should the capital budgeting committee accept the internal auditors first and second suggestions, respectively? A. No for Suggestions 1 and 2. B. No for Suggestion 1 and Yes for Suggestion 2. C. Yes...
-
Agricultural and industrial activity have substantially increased the reactive nitrogen content of the atmosphere. To investigate the potential consequences on ecosystems, Stevens et al. (2015)...
-
Monetary policy affects the economy with a lag mainly because it takes a long time a. for central banks to make policy changes. b. to change the money supply after a policy decision has been made. c....
-
Compile data on consumption and expenditures for the following categories in 30 different countries: (1) food and beverages, (2) clothing and footwear, (3) housing and home operations, (4) household...
-
A careless laboratory technician wants to prepare 200.0 mL of a 0.025 m HCl(aq) solution but uses a volumetric flask of volume 250.0 mL by mistake. (a) What would the pH of the desired solution have...
-
Write the equation for the statement of owner's equity.
-
Write the equation for the statement of cash flows, and explain the three major types of activities reported on the statement.
-
Match each term with its related definition by entering the appropriate letter on the blank provided. Term ____ 1. Manufacturing business ____ 2. Merchandising business ____ 3. Service business...
-
003 The minimal polynomial associated with the matrix 102 01 1 is
-
Question 1: How do strategy and tactical action relate to each other in an organization? Question 2: How can you improve the implementation of strategy in this business organization?...
-
Larkin Corporation sells products for $125 each that have variable costs of $50 per unit. Larkin's annual fixed costs are $430,000. (10 points Total) a. What is Larkin's contribution margin per unit?...
Study smarter with the SolutionInn App