The following transactions, among others, occurred during the current year. Jan. 15 Issued 1,000 shares of preferred stock for $60 cash per share.
Jan. 20 Issued 4,000 shares of common stock at $34 cash per share.
May. 18 Announced a 2-for-1 common stock split, reducing the par value of the common stock to $10 per share. The number of shares authorized was increased to 100,000 shares.
June. 1 Issued 2,000 shares of common stock for $56,000 cash.
Sep. 1 Repurchased 2,500 shares of common stock at $16 cash per share.
Oct. 12 Sold 900 treasury shares at $19 cash per share.
Dec. 22 Issued 500 shares of preferred stock for $57 cash per share.

Required:
For the above entries, outline the effects of each transaction and the related journal entries.

Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)

The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a.standard deductionb.itemized deductionc.personal exemptiond.none of these. all of these are from agi deductions

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.