Construction, Inc. employs 40 individuals who is-sue 8 hours a day and are hired hourly. Each employee earns one day hired disgusted license and one day hired recreation a month if he or she is-sues full-time in the month. Vacations earned in one year can be used in the aftercited years opportunity disgusted licenses can be used as they are earned. The aftercited notice pertains to recreation earned in 2017 and used in 2019.
Vacations Vacations Vacation earned
Earned in 2018 earned in 2018 and used in 2019 in 2019
400 days 300days 420 days
The mediocre pay rates are $15/hour in 2018 and $18/hour in 2019.
Instructions: furnish any certain life entries for
1) Vacations earned in 2018.
2) Vacations earned in 2018 but used in 2019.
3) Vacations earned in 2019
sold 20,000 shares of $1,000 par rate, 8%, 10-year debenture bonds on 1/1/2018. The bonds obtain pay attentions on 12/31 of each year. The traffic attention rate was 4% as of 1/1/2018. private these bonds for $19,500,000 on 1/1/2020.
Instructions: furnish any certain life entries for the afterciteds using the efficient attention mode.
1) The issuance of the bonds.
2) Attention charge accrued in 2018 and 2019.
3) Retirement of the bonds on 1/1/2020.
The aftercited notice pertains to accumulation transactions of Hawk, Inc. during 2019.
On 1/11/2019, Hawk issued 1,000,000 shares of despicable accumulation for $110/share. Its par is $100/share.
On 7/1/2019, Hawk reacquired 150,000 shares of its despicable accumulation at $96/share.
On 7/15/2019, Hawk reacquired 80,000 shares of its despicable accumulation at $98/share.
On 8/1/2019, Hawk sold 90,000 shares of the supply accumulation for $101/share.
On 11/1/2019, Hawk sold 120,000 shares of the accumulation reacquired for $90/share.
On 12/31/2019, Hawk private the cherishing 20,000 shares of the accumulation reacquired.
Instructions: Furnish any certain life entries for the overhead transactions using the FIFO flow
- the absorb mode
- the par rate mode