FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When a company issues 29,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would include: Multiple

image text in transcribed
When a company issues 29,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would include: Multiple Choice A debit to Additional Pald-in Capital for $87.000. A credit to Additional Pardin Capital for $700.000 A creat to Common Stock for 5070.000 A detto Cain for 587000

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

Accountability Ethics And Sustainability Of Organizations

Accountability Ethics And Sustainability Of Organizations

Authors: Sandro Brunelli, Emiliano Di Carlo

3rd Edition

3030311929, 9783030311926

More Books

Students also viewed these Accounting questions

Question

★★★★★
What factors affect a financial-service institutions decision regarding the different maturities of securities it should hold?

Answered: 1 week ago

Question

★★★★★
compute and interpret binomial probabilities.

Answered: 1 week ago

Question

★★★★★
3. Share examples of how you have developed your abilities in a given area, and provide other models of achievement who are similar to your studentsno supermen or superwomen whose accomplishments...

Answered: 1 week ago

Question

★★★★★
Use the following information and deter mine the carrying amount of the property, plant, and equipment of Havelock Ltd. on July 1, 2017, the first day of its 2018 fiscal year. (An accounting equation...

Answered: 1 week ago

Question

★★★★★
Use 6-point bins (94 to 99, 88 to 93, etc.) to make a frequency table for the set of exam scores shown below. Include columns for relative frequency and cumulative frequency. 87 89 94 84 71 77 67 73...

Answered: 1 week ago

Question

★★★★★
The following three situations involve the capitalization of interest. Situation I On January 1, 2017, Marigold, Inc. signed a fixed-price contract to have Builder Associates construct a major plant...

Answered: 1 week ago

Question

★★★★★
The production records of Prince Company for the month of June shows the following: Total Manufacturing Cost Variance P 3,840 U Rate Variance 8,710 F Total material cost variance 2,975 U Total Labor...

Answered: 1 week ago

Question

★★★★★
Based on the facts, what is the primary ethical issue in this case? Who are the stakeholders? What changes could have been made to impact the outcome of this fraud? Research recent developments in...

Answered: 1 week ago

Question

★★★★★
MDM4U EXAM REVIEW 1. Consider the arrangement of the name TISHAN a. How many arrangements are there in total? b. How many begin with N? c. How many begin with a vowel? 2. Consider forming 7 digit...

Answered: 1 week ago

Question

★★★★★
A cake maker has determined that the cost of producing wedding cakes is $61.50 per wedding cake plus $16620 per month in fixed costs. The cake maker sells each wedding cake for $200. Step 4 of 4:...

Answered: 1 week ago

Question

★★★★★
Write a dialogue of what you would say to your sellers when presenting to them your marketing recommendations. 1- Give your recommendations based on maximum market (buyer) reach and appropriate...

Answered: 1 week ago

Question

★★★★★
Do you regularly call your own toll-free lines to experience the service you offer on them?

Answered: 1 week ago

Question

★★★★★
What is the role of communication (Chapter 4) in leadership?

Answered: 1 week ago

Question

★★★★★
What in the case and/or video might lead you to support the claim that Indra Nooyi is a transformational leader?

Answered: 1 week ago

Previous Question Next Question