Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 20, 2024

Metlock, Inc. issued 500 shares of no par common stock for $3500. Which of the following journal entries would be made ifth stock has stated

image text in transcribed

Metlock, Inc. issued 500 shares of no par common stock for $3500. Which of the following journal entries would be made ifth stock has stated value of $2 per share? O Cash 3500 Common Stock 3500 O Common Stock 3500 Cash 3500 Cash 3500 1000 Common Stock Paid-in Capital in Excess of Stated Value 2500 Cash 3500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Custom Edition For National American University

Accounting Custom Edition For National American University

Authors: Charles T. Horngren, Walter T. Harrison Jr, M. Suzanne Oliver

9th Edition

1256297585, 978-1256297581

More Books

Students also viewed these Accounting questions

Question

★★★★★

Find a formula for a function that has vertical asymptotes x = 1 and x = 3 and horizontal asymptote y = 1.

Answered: 1 week ago

Question

★★★★★

Identify the characteristics of each element of the four-part assertion message.

Answered: 1 week ago

Question

★★★★★

Unintended effects: What evidence is there of sensitivity to unintended (positive or negative) effects on culturally different segments of the population?

Answered: 1 week ago

Question

★★★★★

When the accounts of Daniel Barenboim Inc. are examined, the adjusting data listed below are uncovered on December 31, the end of an annual fiscal period. 1. The prepaid insurance account shows a...

Answered: 1 week ago

Question

★★★★★

You are considering investing in a 10 year zero coupon bond that compounds interest semi annually. The face value of the bond is $1,000. If the current market rate is 6.15 percent, What is the...

Answered: 1 week ago

Question

★★★★★

The AIDA model is often used to represent what ideally happens during: a personal selling b the decoding of direct marketing advertising pieces c sales promotions d the introduction of innovative new...

Answered: 1 week ago

Question

★★★★★

What is one way a professional running a lineup can make the procedure suggestible to an eyewitness? A) encouraging the witness when they identify the suspect B) remaining silent when witnesses make...

Answered: 1 week ago

Question

★★★★★

Suppose that 3000 drivers in Wakanda were randomly breath-tested on 21 April 2019 and 116 were above the limit of 0.05 blood-alcohol level. On 15 May 2019, 4000 drivers were tested and 98 were above...

Answered: 1 week ago

Question

★★★★★

Which of the following is an appropriate guideline for waste disposal? O a. Clean trash cans regularly to remove drips and crumbs that provide food for pests Ob. Do not use plastic liners in trash...

Answered: 1 week ago

Question

★★★★★

As a manager, Jason spends much of his time coaching his employees and making sure that any required information from upper management reaches them in an understandable format. Jason would best be...

Answered: 1 week ago

Question

★★★★★

14. In a quality improvement team, the project leader or facilitator would do all of the following EXCEPT provide appropriate resources for problem solutions facilitate with quality improvement and...

Answered: 1 week ago

Question

★★★★★

Read the most current issue of Wired or a similar magazine that focuses on technologies. Identify technological products and services that are not mentioned in this book, which went to press in the...

Answered: 1 week ago

Question

★★★★★

If Chris and Brandon meet face to face, how will communication on their initial date be different from communication on first dates between people who have not met online?

Answered: 1 week ago

Question

★★★★★

Dalton Conleys Elsewhere, U.S.A. (2009) provides a lively and provocative perspective on living technology-saturated lives. Dalton doesnt argue that technologies are good or bad. Instead, he...

Answered: 1 week ago

Previous Question Next Question