Smartpages com issued stock during 2008 and reported the following on its balance sheet at December 31, 2008 Journalize the company 's issuance of the stock for cash Common stock, $0 25 par value Authorized 5,000 shares Issued 3,000 shares $ 750 Paid in capital in excess of par par 3,8 50 Retained ...

The Answer is in the image, click to view ...

Smartpages.com issued stock during 2008 and reported the following on its balance sheet at December 31, 2008:

Question:

Smartpages.com issued stock during 2008 and reported the following on its balance sheet at December 31, 2008:

image text in transcribed

Journalize the company's issuance of the stock for cash.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

See More Books

Question Posted: May 11, 2024 11:02 PM

See More Questions

Forest Lake Resort reported the following on its balance sheet at December 31, 2021: On July 1, 2022, the resort expanded operations and purchased additional equipment for cash at a cost of $109,000....
Greco Lake Resort reported the following on its balance sheet at December 31, 2021: On July 1, 2022, the resort expanded operations and purchased additional equipment for cash at a cost of $109,000....
Rossi Lake Resort reported the following on its balance sheet at December 31, 2018: Requirements 1. Journalize Rossi Lake Resort's plant asset purchase and depreciation transactions for 2019. 2....
We consider the following CFG SE + SIE E 01|2|3|4|5|67|8|9|(S) Apply the leftmost derivation and rightmost derivation with a top-down parser for this sentence: (3+7+ (1+4)) + 2
(a) Let f (z) denote a function which is analytic in some annular domain about the origin that includes the unit circle z = ei( (Ï ¤ ( ¤ Ï). By taking that circle as the path...
Why might police departments resist adopting the nine guidelines for conducting eyewitness identifications?
Explain the importance of internal controls to a business and describe managements responsibilities regarding these controls.
Consider the following information from Alliance Data Systems Corporation 2009 10K. On October 30, 2009, the Company assumed the operations of the Charming Shoppes' credit card program, including the...
Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.5% * service years x final year's salary, payable at the end of each year. Angela Davenport was hired by...
Hillcrest Corporation reported the following accounts: Prepare the stockholders' equity section of the Hillcrest balance sheet. Cost of goods sold $58.800 Accounts payable $ 6.000 Paid-in capital in...
IHOP issued common stock and received $\$ 32,000,000$. The par value of the IHOP stock was only $\$ 32,000$. Is the excess amount of $\$ 31,968,000$ a profit to IHOP? Does the excess affect net...
Simplify the given expression. 10 log 3t
Poll Results in the Media USA Today provided results from a survey of 1144 Americans who were asked if they approve of Brett Kavanaugh as the choice for Supreme Court justice. 51% of the respondents...
ROI analysis using the DuPont model a. Firm A has a margin of 7%, sales of $980,000, and ROI of 19.6%. Calculate the firm's average total assets. b. Firm B has net income of $259,200, turnover of...
The test statistic of z = - 2.93 is obtained when testing the claim that p < 2/ 3. This is a left-tailed test. Using a 0.01 significance level, complete parts (a) and (b). a. Find the critical...
The pulse rates of 152 randomly selected adult males vary from a low of 37 bpm to a high of 117 bpm. Find the minimum sample size required to estimate the mean pulse rate of adult males. Assume that...
A rod 12.0 cm long is uniformly charged and has a total charge of -23.0 C. Determine the magnitude and direction of the electric field along the axis of the rod at a point 32.0 cm from its center....
Explain how major federal assistance programs are identified.
Draw the appropriate control flow graph of the given pseudocode.Make sure to only use one number for blocks of code which are all sequential and when the first line is executed, all of those lines...
Required information Exercise 12-8 Payback period and Simple Rate of Return (LO12-1, LO12-6) [The following information applies to the questions displayed below.] Nick's Novelties, Inc., is...
Using your new knowledge of single application rate overhead allocation vs. activity-based costing: 1. Which types of firms do you think are more likely to use each method? For example, firms with...
The bank portion of the bank reconciliation for Catin Company November 30, 2020 is shown below CARLIN COMPANY Sank Reconciliation November 30, 2020 Cashbone per bank $14.367.00 Add Deposits in...

Smartpages.com issued stock during 2008 and reported the following on its balance sheet at December 31, 2008:

Question:

Common stock, $0.25 par value Authorized: 5,000 shares Issued: 3,000 shares... $ 750 Paid-in capital in excess of par par........ 3,8.50 Retained earnings 24,500

Step by Step Answer:

Accounting

Students also viewed these Business questions