Ask Experts Questions for FREE Help !
Ask
    jthetalkingtaco's Avatar
    jthetalkingtaco Posts: 3, Reputation: 1
    New Member
     
    #1

    Jan 29, 2006, 01:55 PM
    Financial accounting help
    How would I plug these into T accounts?

    Paid $400 for the current month's rent

    Purchased repair supplies on credit, $500

    Paid salary to a helper, $450
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
     
    #2

    Jan 29, 2006, 02:05 PM
    ahh, good old T accounts.

    1) paid $400 for the current month's rent
    Dr. Rent Expense 400 (add 400 to the left side)
    Cr. Cash 400 (add 400 to the right side)

    2) purchased repair supplies on credit, $500
    Dr. Supplies 500 (add 500 to the left side)
    Cr. Accounts Payable 500 (add 500 to the right side)

    3) paid salary to a helper, $450
    Dr. Salary Expense 450 (add 450 to the left side)
    Cr. Cash 450 (add 450 to the right side)

    Note: Left Side = Debit, Right Side = Credit
    FinancialAccoun's Avatar
    FinancialAccoun Posts: 6, Reputation: 1
    New Member
     
    #3

    Aug 10, 2008, 12:42 AM
    Ok I have a question that I don't understand about stock options.
    Why won't everyone do it and become rich?

    Because if you agree to buy the stock option at some fixed date and when the time comes for emmployees to exercise their options when the current market price is higher they can make money and if not they don't have to excersice their option so isn't this be a win-win situation? Because you don'thave to excersice your option.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
     
    #4

    Aug 14, 2008, 01:55 AM
    Quote Originally Posted by FinancialAccoun
    Ok I have a question that I don't understand about stock options.
    Why won't everyone do it and become rich?

    because if you agree to buy the stock option at some fixed date and when the time comes for emmployees to exercise their options when the current market price is higher they can make money and if not they don't have to excersice their option so isn't this be a win-win situation? because you don'thave to excersice your option.

    So from your question, it sounds like you are specifically referring to just employee stock options. In that case, there is no reason not to. Do you know of some employees who aren’t taking advantage of it?

    I guess one reason would be people might be waiting.

    For example. Your option to buy is at 10 per share. It is trading at 12. You think the price will go up and want to wait. But you don’t want to exercise at 10, because you don’t want to risk losing your own money, or maybe you don’t have the money to exercise at 10.
    Anitamaria2's Avatar
    Anitamaria2 Posts: 2, Reputation: 1
    New Member
     
    #5

    May 29, 2010, 08:45 AM
    Kilmer Corporation began the year with retained earnings of $217,000. During the year, the company issued $294,000 of Common Stock, recorded expenses of $840,000, and paid dividends of $56,000. If Kilmers ending retained earnings was $231,000 what was the companys revenue for the year?

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search


Check out some similar questions!

Financial Accounting Homework Question! [ 6 Answers ]

Here's the question: "The following stockholders' equity accounts are in the ledger of McGrath Corp. at December 31, 2005: Common Stock ($10 stated value) $1,500,000 Paid-in-Capital from Treasury STock 6,000 Paid-in-Capital...

Financial accounting help... Again [ 1 Answers ]

Acouple more T account question... Paid $200 of amount purchased on credit on C. (c was purchased repair supplies on credit, $500). Accepted cash for repairs completed, $1,860 Thank you


View more questions Search