5-Host Corporation is authorized to issue 800,000 shares of $7 par value common stock. During 2010, its first year of operation, the company has the…

5-Host Corporation is authorized to issue 800,000 shares of $7 par value common stock. During 2010, its first year of operation, the company has the following stock transactions.Paid the state $2,800 for incorporation fees.Jan 15 Issued 200,000 shares of stock at $10 per share.Jan 30 Attorneys for the company accepted 300 shares of common stock as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a value og $4,000.July 2 Issue 80,000 shares of stock for land. The land had an asking price of $625,000. The stock is currently selling on a national exchange at $9 per share.Sept 5 Purchased 10,000 shares of common stock for the treasury at $12 per share.Dec 6 Sold 7,000 shares of the treasury stock at $15 per share.Instructions:Journalize the transactions for Horner Corporation.6-The following data for Southeast patio product Inc. relate to the payroll for the week April 9, 2011.US Sav Bonds Charit$20.00$15.00$75.00$5.00$25.00$35.00$25.00$10.00All wage personnel are paid one and a half times the regular rate for all hours in excess of 40 hours per week. The FICA rate is 7.5% State Tax Rate is 5%, State unemployment rate is 5.2% and Federal Unemployment rate is .8%.Instructions:a-Prepare a payroll table for Southeast Patio product Inc. for the week ended in April 9,2011.b-Journalize the entries for the weekly payroll and for the employer additional payments for the week ending of April 9, 2011.c-Journalize the entry for the payment of $28,560.85 to the Federal Government on April 30, 2001 for FICA Taxes owed by the company.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more