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Andromeda Corporation had the following stockholders’ equity accounts on January

Berikut ini adalah pertanyaan dari cyshva pada mata pelajaran Akuntansi untuk jenjang Sekolah Menengah Atas

Andromeda Corporation had the following stockholders’ equity accounts on January 1, 2022: Common stock ($1 par) $400,000, Paid-in Capital in Excess of Par Value $500,000, and Retained Earnings $100,000. In 2022, the company had the following treasury stock transactions:Mar 1 Purchased 5,000 shares at $7 per share
June 1 Sold 1,000 shares at $10 per share
Sept 1 Sold 2,000 shares at $9 per share
Dec 1 Sold 1,000 shares at $5 per share

Andromeda Corporation used the cost method of accountig for treasury stock. In 2022, the company reported net income of $80,000.
Instructions
(a) Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2022, for net income.
(b) Open accounts for (1) Paid-in Capital from Treasury Stock, (2) Treasury Stock, (3) Retained Earnings. Post the transactions to these accounts.
(c) Prepaid the stockholders’ equity section for Andromeda Corporation at December 31, 2022.

Jawaban dan Penjelasan

Berikut ini adalah pilihan jawaban terbaik dari pertanyaan diatas.

Jawaban:

Andromeda Corporation had the following stockholders’ equity accounts on January 1, 2022: Common stock ($1 par) $400,000,

Penjelasan:

https://bbs.vivo.com/in/thread/88249?t=1684463536851

https://bbs.vivo.com/in/thread/88270?t=1684463696653

https://bbs.vivo.com/in/thread/88275?t=1684463736649

https://bbs.vivo.com/in/thread/88322?t=1684464004869

https://bbs.vivo.com/in/thread/88331?t=1684464072817

https://bbs.vivo.com/in/thread/88333?t=1684464108134

https://bbs.vivo.com/in/thread/88334?t=1684464144246

https://bbs.vivo.com/in/thread/88336?t=1684464187139

https://bbs.vivo.com/in/thread/88338?t=1684464238836

https://bbs.vivo.com/in/thread/88428?t=1684464936135

https://bbs.vivo.com/in/thread/88438?t=1684464977126

https://bbs.vivo.com/in/thread/88450?t=1684465020223

https://bbs.vivo.com/in/thread/88460?t=1684465061075

https://bbs.vivo.com/in/thread/88488?t=1684465185369

https://bbs.vivo.com/in/thread/88492?t=1684465233597

https://bbs.vivo.com/in/thread/88495?t=1684465277407

https://bbs.vivo.com/in/thread/88504?t=1684465320538

https://bbs.vivo.com/in/thread/88512?t=1684465369044

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Last Update: Thu, 17 Aug 23
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