At fiscal year-end 2012, Hana Printer and Delightful Doughnuts reported these adapted amounts on their balance sheets

Question:

At fiscal year-end 2012, Hana Printer and Delightful Doughnuts reported these adapted amounts on their balance sheets (amounts in millions):

Assume each company issued its stock in a single transaction. Journalize each company€™s issuance of its stock, using its actual account titles. Explanations are notrequired.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

See More Books

Question Posted: Apr 22, 2013 01:37 AM

See More Questions

At fiscal yearend 2010, Horris Printer and Delectable Doughnuts reported these adapted amounts on their balance sheets (amounts in millions): Horris Printer: Common stock, 1 cent par value, 2,300...
At the end of fiscal year 2012 (September 30, 2012), the U.S. government owed $16.2 trillion. Who owns that debt? The following table lists the amounts owed as of September 30, 2012. Use a graphical...
At fiscal year-end 2016, Martin Legal Services and Kramer Doughnuts reported these adapted amounts on their balance sheets (all amounts in millions except for par value per share): Assume each...
Using mean-variance portfolio theory, prove that the efficient frontier becomes a straight line in the presence of a risk-free asset. [3] Consider two independent assets, Asset A and Asset B, with...
Are these costs restructuring costs?
You have been hired as the new controller for the Ralston Company. Shortly after joining the company in 2021. you discover the following errors related to the 2019 and 2020 financial statements: a....
Prepare closing entries from the ledger : The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $800; Services Revenue $13,000;...
Top managers of City Video are alarmed by their operating losses. They are considering dropping the DVD product line. Company accountants have prepared the following analysis to help make this...
Una empresa se financia con 2 millones de dlares de deuda y 8 millones de dlares de capital comn. Si el costo de la deuda despus de impuestos es del 12% y el costo del capital comn es del 6%, cul es...
In early 2014, Paul Bills, CFO of Harvard Business Publishing (HBP), sat down with David Wan, the companys CEO, to discuss budget preparations for the coming year. Bills noted that the performance of...
ARM received $48,000,000 for the issuance of its stock on May 14. The par value of the ARM stock was only $48,000. Was the excess amount of $47,952,000 a profit to ARM? If not, what was it? Suppose...
This short exercise demonstrates the similarity and the difference between two ways to acquire plant assets. Compare the balances in all the accounts after making both sets of entries. Are the...
Why are conventional methods of fire protection inadequate or dangerous for computer equipment?
Which topics do you see as being most relevant to your current job or the job you will seek to obtain once you have earned your degree? How so ? In which ways has this course Commercial Law changed...
Directions Answer the following reflective questions: There do exist examples of business organizations following principles of behavior that are not entirely self-serving, but rather, are pursuing...
10 Count scallops cost $12.97 per pound. How much do they cost for each? A Wagyu Beef New York Strip costs $14 per pound and weighs 15 pounds. The useable yield is 12.5 pounds. How many 12 ounce...
How do coordinating agencies differ in a crisis, disaster, and an emergency ?Explain
How do we manage and respond to customer feedback and reviews to maintain a positive brand reputation? Explain with the help of examples.
Under IFRS, the amount of capital received in excess of par value on ordinary shares would be credited to: (a) Retained Earnings. (b) Contributed Capital. (c) Share PremiumOrdinary. (d) Par value is...
Find the volume of the described solid S. A frustum of a right circular cone with height h, lower base radius R, and top radius r -r- --R
What are the two factors on which predetermined overhead allocation rate is based?
Indicate whether each statement is true or false (a) GAAP is a set of rules and practices established by accounting standard-setting bodies to serve as a general guide for financial reporting...
The accompanying chart shows the qualitative characteristics of useful accounting information. Fill in theblanks. Enhancing Qualities Fundamental Qualities Usefulness Relevance Consistency (a) (e)...
Given the characteristics of useful accounting information, complete each of the following statements. (a) For information to be _____, it should have predictive and confirmatory value. (b) _____ is...
ABC Company engaged in the following transaction in October 2 0 1 7 Oct 7 Sold Merchandise on credit to L Barrett $ 6 0 0 0 8 Purchased merchandise on credit from Bennett Company $ 1 2 , 0 0 0 . 9...
Lime Corporation, with E & P of $500,000, distributes land (worth $300,000, adjusted basis of $350,000) to Harry, its sole shareholder. The land is subject to a liability of $120,000, which Harry...
A comic store began operations in 2018 and, although it is incorporated as a limited liability company, it decided to be taxed as a corporation. In its first year, the comic store broke even. In...

At fiscal year-end 2012, Hana Printer and Delightful Doughnuts reported these adapted amounts on their balance sheets

Question:

Hana Printer: Common stock, $0.01 par value, 2,700 shares issued Additional paid-in capital $ 27 17,800 Delightful Doughnuts Common stock, no par value, 66 shares issued $ 298

Step by Step Answer:

Millions Hana Printer Cas...View the full answer

Financial accounting

Students also viewed these Accounting questions