On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 83,000 shares $ 830,000
authorized, issued, and outstanding
Paid-in capital in excess of par value, common stock 271,000
Retained earnings 952,000
Total stockholders' equity 2,053,000
Prepare journal entries to record the following transactions for Sherman Systems.
a. Purchased 6,100 shares of its own common stock at $36 per share on October 11.
b. Sold 1,275 treasury shares on November 1 for $42 cash per share
c. Sold all remaining treasury shares on November 25 for $31 cash per share.

What is the difference between secure bonds and naked bonds?

Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $

Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622