On January 1, 201X, Dandy Corporation issued on a subscription basis 950 shares of $53 par-value common

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On January 1, 201X, Dandy issued on a subscription basis 950 shares of $53 par-value at $93 per share. Two equal installments were to be made on July 1 and December 31. Prepare the appropriate journal entries on January 1, July 1, and December 31 to record this stock subscription for Dandy Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal. I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).

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College Accounting A Practical Approach Chapters 1-25

ISBN: 9780133791006

13th Edition

Authors: Jeffrey Slater

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Question Posted: Apr 14, 2017 12:44 PM

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On January 1, 201X, Dandy Corporation issued on a subscription basis 950 shares of $53 par-value common

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Jan 1 Subscriptions ReceivableCommon Stock 88 3 5 0 00 Common Stock Subscribed 50 3 5 0 00 P...View the full answer

College Accounting A Practical Approach Chapters 1-25

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