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01/2/2023 Company sold 12000 share of stock with $1 par value for $10 share. 01/02/2023 Company paid $500,000 to acquire two warehouses which are expected
01/2/2023 Company sold 12000 share of stock with $1 par value for $10 share.
01/02/2023 Company paid $500,000 to acquire two warehouses which are expected to last 40 years.
On 11/29/2023 Company reissued 50 shares of treasury stock for $13 per share On 12/3/2023 a 10% stock dividend when the market value of common stock was trading at $15 per share On 12/26/2023, Company earned $150,000 on account selling 300 guitars For the year, the Company estimates that 2% of all credit sales are uncollectible: Record the expiration of insurance policy. Record the expiration of rent. Company uses double declining depreciation for the year Owe but do not pay $12,000 utilities. settle the case for $1,000 in 2024 . On 12/31/2023, Company wrote off the $400 account for Customer H61S. At end of the year, the company sold one of two warehouses for $240,000. On 11/29/2023 Company reissued 50 shares of treasury stock for $13 per share On 12/3/2023 a 10% stock dividend when the market value of common stock was trading at $15 per share On 12/26/2023, Company earned $150,000 on account selling 300 guitars For the year, the Company estimates that 2% of all credit sales are uncollectible: Record the expiration of insurance policy. Record the expiration of rent. Company uses double declining depreciation for the year Owe but do not pay $12,000 utilities. settle the case for $1,000 in 2024 . On 12/31/2023, Company wrote off the $400 account for Customer H61S. At end of the year, the company sold one of two warehouses for $240,000Step by Step Solution
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