I would say C is the answer bc that’s would i would do in that situation.
5000$ since 140k in four years . 5k /year total 20k
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Files enables you to store your information on the computer storage.
Double-clicking means to click on a mouse twice after placing your cursor on the file icon you want to open.
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Answer:
d. $66,000
Explanation:
Raw Material requisition = $66,000
Raw Material requisition is transferred to work in process account by following entry
Dr. Cr.
Work in process $66,000
Raw Material Inventory $66,000
The debits to the Work in Process account as a consequence of the raw materials transactions in May is $66,000.
Answer:
correct option is b
Preferred Stock for $2,500,000 and Paid-in Capital in Excess of Par Value—Preferred Stock for $500,000
Explanation:
given data
issues = 50,000 shares
preferred stock = $50 par value
cash = $60 per share
Cash = $3,000,000
solution
here entry will be as
Journal Entry are
Cash = 50000 × $60 = $3000000
cash = $3000000 Dr
and
Preferred Stock = 50000 × $50 =
Preferred Stock = $2500000
so
Paid-in Capital in Excess of Par Value - Preferred Stock = 50000 × (60-50)
Paid-in Capital in Excess of Par Value - Preferred Stock = $500000 credit
so
correct option is b
Preferred Stock for $2,500,000 and Paid-in Capital in Excess of Par Value—Preferred Stock for $500,000