Accounting

    Building, Inc. employs 40 people who work eight hours a day and are paid hourly. Every worker earns sooner or later paid sick go away and sooner or later paid trip a month if she or he works full-time within the month. Holidays earned in a single 12 months can be utilized within the following years whereas sick leaves can be utilized as they're earned. The next info pertains to trip earned in 2017 and utilized in 2019.  Holidays Holidays   Trip earned  Earned in 2018  earned in 2018 and utilized in 2019  in 2019 400 days 300days  420 days The typical pay charges are $15/hour in 2018 and $18/hour in 2019. Directions: put together any essential journal entries for 1) Holidays earned in 2018. 2) Holidays earned in 2018 however utilized in 2019. three) Holidays earned in 2019     bought 20,000 shares of $1,000 par worth, eight%, 10-year debenture bonds on 1/1/2018. The bonds pays pursuits on 12/31 of every 12 months. The market rate of interest was four% as of 1/1/2018.  retired these bonds for $19,500,000 on 1/1/2020. Directions: put together any essential journal entries for the followings utilizing the efficient curiosity methodology. 1) The issuance of the bonds. 2) Curiosity expense accrued in 2018 and 2019. three) Retirement of the bonds on 1/1/2020.    The next info pertains to inventory transactions of Hawk, Inc. throughout 2019. On 1/11/2019, Hawk issued 1,000,000 shares of frequent inventory for $110/share. Its par is $100/share. On 7/1/2019, Hawk reacquired 150,000 shares of its frequent inventory at $96/share. On 7/15/2019, Hawk reacquired 80,000 shares of its frequent inventory at $98/share. On eight/1/2019, Hawk bought 90,000 shares of the treasury inventory for $101/share. On 11/1/2019, Hawk bought 120,000 shares of the inventory reacquired for $90/share. On 12/31/2019, Hawk retired the remaining 20,000 shares of the inventory reacquired. Directions: Put together any essential journal entries for the above transactions utilizing the FIFO stream  assumption and  - the price methodology - the par worth methodology
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