dbring
Aug 31, 2008, 03:03 PM
PLEASE, PLEASE, PLEASE...I'm wondering if someone can give me a hand with some journal entries?
The question is asking me to make journal entries for all activities for three years. That's fine, I've done that, the problem I'm having is the year end is Dec. 31 and on each of the three years the question tells me on Dec. 31 what the shares are trading at (each one the company owns). Is there a journal entry I should be making with that information? I can't think of what I'd need to "say" about it, yet it's mentioned in the question, so I'm thinking that's a good hint I need to have an entry for it. I am desperately trying to get his assignment handed in soon, so any help I can get is very much appreciated! Thanks alot!
The question is asking me to make journal entries for all activities for three years. That's fine, I've done that, the problem I'm having is the year end is Dec. 31 and on each of the three years the question tells me on Dec. 31 what the shares are trading at (each one the company owns). Is there a journal entry I should be making with that information? I can't think of what I'd need to "say" about it, yet it's mentioned in the question, so I'm thinking that's a good hint I need to have an entry for it. I am desperately trying to get his assignment handed in soon, so any help I can get is very much appreciated! Thanks alot!