Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

N UNIVERSITY TV Courses PCI ACCOUNT TOPIL TIPE HIVICUS 0:13:59 Fini 3 d Sand Corporation was organized on January 1, 2018, with an authorized capital

image text in transcribed
image text in transcribed
N UNIVERSITY TV Courses PCI ACCOUNT TOPIL TIPE HIVICUS 0:13:59 Fini 3 d Sand Corporation was organized on January 1, 2018, with an authorized capital of 750,000 ordinary shares with a 10 par value. During 2018, Sand issued 40,000 shares at 12 per share, purchased 4,000 treasury shares at 12 per share, and sold 4,000 treasury shares at 14 per share. What is the amount of total share premium on December 31, 2018? out of 1 question a CO b. 8,000 C. 688,000 d. 84.000 Select one 2.0 B. dB 091II O W e G Search or type URL S A & 3 4 5 6 1 Question No.02 Tarek's regular hourly wage is $10 an hour. She receives overtime pay at the rate of time and a half. Tarek is paid every two weeks. For the first pay period in January, Tarek worked 90 hours of which 10 were overtime hours. Tarek's income tax withholding is 10% and his pension contribution is $100. Tarek has authorized that $50 saving be withheld from his check each pay period for savings bonds. Instructions: Compute Tarek's gross earnings and net pay for the pay period showing each payroll deduction in arriving at net pay. Question No.03 Indiana Company had the following selected transactions. Feb: Signs a $50,000, 6-month, 9%-interest-bearing note payable to Citi Bank and 1 receives $50,000 in cash. 10 Cash register sales total $32,400, which includes an 8% sales tax. Wood Company retired $600,000 face value, 9% bonds on Feb 28, 2019, at 95. The 28 carrying value of the bonds at the redemption date was $610,000 Instructions: Journalize the February transactions

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Occupational Fraud And Abuse

Authors: Joseph T. Wells

1st Edition

1889277088, 978-1889277080

More Books

Students also viewed these Accounting questions

Question

2. Describe how technology can impact intercultural interaction.

Answered: 1 week ago