Posting transactions to T-accounts involve:

On December 2, Coley Corp. reacquired 1,000 shares of its $2 par value common stock for $27 each. On December 20, Coley Corp. reissued 400 shares for $15 each. Which of the following is correct regarding the journal entry for the reissued shares?

Jade Jewelers issued 15,000 shares of $1 par value stock for $20 per share. What is true about the journal entry to record the issuance?

On January 1, Gucci Brothers Inc. started the year with a $492,000 balance in Retained Earnings and a $605,000 balance in Common Stock. During the year, the company earned net income of $92,000, paid a dividend of $15,200, and issued more common stock for $27,500. What is total stockholders’ equity at the end of the year?

The collection of cash from customers would be classified as which type of cash flow on the Statement of Cash Flows?

On July 1, 2015, Charlie Co. paid $18,000 to Rent-An-Office for rent covering 18 months from July 2015 through December 2016. What adjusting entry should Charlie Co. record on December 31, 2015?

When the balance of the Deferred Revenue account decreases during an accounting period:

Which of the following accounts is not reported in the stockholders’ equity section of the balance sheet?

Excerpts from Stealth Company’s December 31, 2015 and 2014, financial statements are presented below:         2015      2014 Accounts receivable $ 40,000 $ 36,000 Inventory 28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total stockholders’ equity 240,000 225,000 Net income 32,500 28,000   Stealth Company’s 2015 return on assets is:

Excerpts from Stealth Company’s December 31, 2015 and 2014, financial statements are presented below:         2015      2014 Accounts receivable $ 40,000 $ 36,000 Inventory 28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total stockholders’ equity 240,000 225,000 Net income 32,500 28,000   Stealth Company’s 2015 receivables turnover ratio is: