Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

we issued 1000 shares of $5 par value stock for 8,000 cash. What wouldour entry be?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Managerial Accounting

Authors: Karen BraunWendy Tietz

3rd Edition

0132890542, 978-0132890540

More Books

Students also viewed these Accounting questions

Question

★★★★★

Multiple choice questions: 1. The collection of all outcomes for an experiment is called a. A sample space b. The intersection of events c. Joint probability 2. A final outcome of an experiment is...

Answered: 1 week ago

Question

★★★★★

Solve the differential equations in Exercises. yy + t = 6t 2 , y(0) = 7

Answered: 1 week ago

Question

★★★★★

54. Independent trials, each resulting in a success with probability p, are performed until k consecutive successful trials have occurred. Let X be the total number of successes in these trial, and...

Answered: 1 week ago

Question

★★★★★

Alice Johnson, Social Security number 222-23-3334, is single taxpayer and is employed as a secretary by State University of Florida. She has the following items pertaining to her income tax return...

Answered: 1 week ago

Question

★★★★★

12 Sale of Stock. (Obj. 1) Ima had the following purchases of common stock in the same company. share 400 shares at $10 per 2000 2003 100 shares at $20 per share 300 shares at $30 per share 200...

Answered: 1 week ago

Question

★★★★★

In accounting for a contingent liability, if the likelihood of the obligation is probable but the amount cannot be estimated, a company must a) Recognize the liability and report it on the balance...

Answered: 1 week ago

Question

★★★★★

Cain Company reports net cash provided by operating activities of $33,000. It also reports the following information under "Adjustments to reconcile net income to net cash provided by operating...

Answered: 1 week ago

Question

★★★★★

The following data represent the monthly phone use, in minutes, of a customer enrolled in a fraud prevention program for the past 20 months. The phone company decides to use the upper fence as the...

Answered: 1 week ago

Question

★★★★★

To keep its customers happy, protect its financial performance, and protect its competitive advantage, a company must continually evaluate all the business processes in its value chain. Improving the...

Answered: 1 week ago

Question

★★★★★

15. MC.02.93 The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts payable $1,500 Fees earned $8,600 Accounts receivable 1,800 Insurance...

Answered: 1 week ago

Question

★★★★★

7. During the Spring Festival at the university, the bumper car stand has a problem with cars breaking down and needing repair. Mechanics can be hired to do this at a salary of $20 per hour, but they...

Answered: 1 week ago

Question

★★★★★

10. What is meant by the fact that we are socialized into using linear causal thought patterns? Find two examples of this from your everyday life.

Answered: 1 week ago

Question

★★★★★

The senders expertise; certification, i.e. the senders educational background

Answered: 1 week ago

Question

★★★★★

Context, i.e. the context of the information presented and received

Answered: 1 week ago

Previous Question Next Question