This problem has been solved! see the answerpart aduring its first year of operations, the mccollum corporation entered into the following transactions relating to shareholders’ equity. the corporation was authorized to issue 130 million common shares, $1 par per share. required: prepare the appropriate journal entries to record each transaction. (if no entry is required for a particular transaction, select "no journal entry required" in the first account field. enter your answers in whole dollars.)jan. 9 issued 70 million common shares for $30 per share. mar. 11 issued 5,300 shares in exchange for custom-made equipment. mccollum’s shares have traded recently on the stock exchange at $30 per share. part ba new staff accountant for the mccollum corporation recorded the following journal entries during the second year of operations. mccollum retires shares that it reacquires (restores their status to that of authorized but unissued shares). ($ in millions)date general journal debit creditjan. 12 land 4 paid-in capital—donation of land 4 sept. 1 common stock 4 retained earnings 136 cash 140 dec. 1 cash 72 common stock 2 gain on sale of previously issued shares 70 required: prepare the journal entries that should have been recorded for each of the transactions. (if no entry is required for a particular transaction, select "no journal entry required" in the first account field. enter your answers in millions (i. e., 10,000,000 should be entered as

Case in point 1.2 suppose you work in the it department of global hotels, a multinational hotel chain. global hotels runs several specialized business support systems, including a guest reservations system that was developed in-house to meet the requirements of a large company with worldwide operations. guests can make one-stop online reservations by visiting global's website, which has links to all major travel industry sites. global hotels just acquired momma's, a regional chain of 20 motels in western canada. momma's uses a vertical reservations package suitable for small- to medium-sized businesses and a generic accounting and finance package. should momma's use global hotels' information systems or continue with its own? in your answer, consider issues such as business profiles, business processes, system interactivity, edi, ecommerce, and the characteristics of both information systems. what additional information would be to you in making a recommendation?

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

Using a cps-sample of 7,440 individuals, you estimate the following regression: = 20.91 - 2.61 x female where female is a binary variable that takes on the value of 1 for females and is 0 otherwise. the standard error on the coefficient on female is 0.25. the 95% confidence interval for the gender wage gap, or the amount that females earn less, is: a) [-3.10, -2.12] b) [18.30, 23.52] c) [-3.02, -2.20] d) [-1.96, -1.64]