

Here too, it is important that you can roll the whole tenderloin in it later. Place the slices of Parma ham on the foil like a rectangle, overlapping slightly. Place a number of sheets of plastic film overlapping on your work surface the total size must be longer than the tenderloin and wider than the circumference of the tenderloin.

Distributable Vacation Pay Expense Equipment Bond Discount Insurance Expense Interest Expense Accum. Expense 48,000 Treasury Stock PIC - Common Stock 77,000 Notes Payable Miscellaneous Expense 335,000 Fees Earned 77,000 Accounts Receivable Rent Expense Preferred Stock 15,000 Common Dividend Payable Advertising Expense 15,000 Prepaid Insurance Salary Expense Preferred Dividend Payable PIC - Preferred Stock 105,000 Commission Expense 105,000 Land PIC - Treasury Stock Utilities Expense Bonds Payable Depreciation Expense Stock Div. Sharpe Incorporated T-Accounts\Ledger For the year ended DecemVacation Pay Payable Cash 335,000 Legal & Acctg Expense Common Stock 48,000 Retained Earnings 90,000 90,000 Interest Payable Medical Ins. Show transcribed image text Expert Answer (4) Record the adjusting entry for the interestĪccrued and the amortization of the discount on the bonds payable (3) Record insurance expired on the policy purchased Has an estimated 9-year useful life and an estimated residual value On February 1, using the straight-line method. (2) Record depreciation on the equipment purchased (1) The employees’ accrued vacation pay at the end $500,000 in cash, the remainder is on account.ĭec 31 Record expenses for the year, paid in Stockholders payable on December 30 to stockholder’s of record onĭec 30 Paid the cash dividends declared on December 1.ĭec 31 Paid the first quarterly installment of the noteĭec 31 Record revenue for the year of $1,975,000, received The discount on the bonds issued on May 31.ĭec 1 Declared a cash dividend at the statedĪmount to preferred stockholders and. Nov 30 Paid the semiannual interest and amortized Oct 16 Sold 370 shares of treasury common stock
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Payments of principal plus interest totaling $1,860 per Sept 30 Distributed the stock dividend declared Septemberīy issuing an 7% note. The market price per share on September 15 is $25 per

Sept 15 Declared a 2% stock dividend on common stock to beĭistributed on September 30 to stockholders of record on SeptemberĢ0. July 30 Paid the amount due on the note payable signed onĪug 1 Sold 430 shares of treasury common stock May 31 Issued $1,000,000 of 8-year, 7% bonds with interest May 1 Purchased 1,750 shares of the company’s Mar 31 Purchased a two-year insurance policy for Mar 15 Purchased land for $352,000 by issuing 20,000 $15,000 cash and financing the remainder with a 180-day, 6% note The fiscal year-ending December 31, 2020, are as follows:įeb 1 Purchased equipment for $195,000, paying Selected transactions completed by Sharpe Incorporated during Outstanding and 5,000 shares of preferred stock issued and As of January 1,Ģ020, there were 24,000 shares of common stock issued and The charter of the corporationĪuthorized 500,000 shares of $2 par common stock, and 100,000 Dinah Soars, Biff Wellington and Duane Pipe are the stockholders
