{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-21T21:05:30-04:00", "answer_date": "2024-05-21 21:05:30", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1473945", "url": "\/study-help\/questions\/problems-1-2022-valley-men-corporation-had-the-following-transactions-1473945", "question_creation_date_js": "2024-05-21T21:05:30-04:00", "question_creation_date": "May 21, 2024 09:05 PM", "meta_title": "[Solved] PROBLEMS: 1. 2022. Valley Men Corporation | SolutionInn", "meta_description": "Answer of - PROBLEMS: 1. 2022. Valley Men Corporation had the following transactions during January 2022: Jan. 2. 5. 8. Issued 2,0 | SolutionInn", "meta_keywords": "problems,1,2022,valley,men,corporation,transactions,january,jan,2,5,8", "question_title_h1": " PROBLEMS: 1. 2022. Valley Men Corporation had the following transactions during January 2022: Jan. 2. 5. 8. Issued 2,000 shares of its $5 par", "question_title": " PROBLEMS: 1. 2022. Valley Men Corporation had the following transactions during", "question_title_for_js_snippet": "PROBLEMS 1 2022 Valley Men Corporation had the following transactions during January 2022 Jan 2 5 8 Issued 2,000 shares of its $5 par value common stock to an attorney for a bill of $14,000 in connection with the organization of the corporation Issued 30,000 shares of its $5 par value common stock for $360,000 cash Issued 20,000 shares of its $5 par value common stock in exchange for land and a building The land and building are estimated to have an appraised value of $110,000 and $140,000 respectively The market price of the shares was $10 per share Prepare the entries in journal form to record the above transactions Omit explanations, but show computations ", "question_description": "\"image", "transcribed_text": "PROBLEMS: 1. 2022. Valley Men Corporation had the following transactions during January 2022: Jan. 2. 5. 8. Issued 2,000 shares of its $5 par value common stock to an attorney for a bill of $14,000 in connection with the organization of the corporation. Issued 30,000 shares of its $5 par value common stock for $360,000 cash. Issued 20,000 shares of its $5 par value common stock in exchange for land and a building. The land and building are estimated to have an appraised value of $110,000 and $140,000 respectively. The market price of the shares was $10 per share.. Prepare the entries in journal form to record the above transactions. Omit explanations, but show computations.", "related_book": { "title": "Fundamental Accounting Principles", "isbn": "9781259566905, 978-0-07-76328, 77862279, 1259566900, 0-07-763289-3, 978-0077862275", "edition": "22nd edition", "authors": "John Wild, Ken Shaw, Barbara Chiappetta", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/441.jpg", "uri": "\/textbooks\/fundamental-accounting-principles-22nd-edition-441", "see_more_uri": "" }, "free_related_book": { "isbn": "1428814612", "uri": "\/textbooks\/studyguide-statistics-for-concepts-and-controversies-1st-edition-9781428814615-237618", "name": "Studyguide Statistics For Concepts And Controversies", "edition": "1st Edition" }, "question_posted": "2024-05-21 21:05:30", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/maria-is-opposed-to-the-idea-of-samesex-marriage-in", "description": "Maria is opposed to the idea of same-sex marriage. 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