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natali 33 [55]
9 months ago
9

wyanot company issued 1,000 shares of its 5%, $100 par value, cumulative preferred stock for $110 cash per share. the journal en

try to record this transaction includes: multiple select question. $10,000 credit to additional paid-in capital - preferred. $100,000 debit to cash. $5,000 credit to preferred stock. $100,000 credit to preferred stock. $110,000 debit to cash.
Business
1 answer:
schepotkina [342]9 months ago
6 0

The journal entry is $110,000 debit to cash -$100,000 credit to preferred stock -$10,000 credit to additional paid in capital- Preferred

<h3>How do you record shares in accounting?</h3>
  • Common stock is initially recorded at par value, and any sums received in excess of that amount are reported in an account called capital in excess of par value.
  • The recording is based on the fair value of the shares forfeited if they were issued in exchange for an item or service as opposed to cash.
  • A memo entry to record the change in the number of shares and the par value per share is all that is required in a journal entry for a stock split (if the stock has a par value).
  • When an employee exercises stock options, the difference—representing the increase in share value during the service period—is deducted from Additional Paid-In Capital and is credited to Common Stock for the number of shares x par value, debited from Cash for the number of shares x exercise price, and finally deducted from Cash for the remaining shares x par value.

To learn more about journal entry refer

brainly.com/question/14279491

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Gather secondary data by reading what others have experienced and observed. You should begin nearly every research project by re
STatiana [176]

Answer:

C. Periodicals

Explanation:

In this case the most recommended source for use would be the periodicals.

Periodical publications are scientific publications made in electronic or on paper that address different topics and are published at regular intervals. So this would be a good source to enrich a research project with up-to-date information on the subject that you want to collect information about.

5 0
2 years ago
A rich singer has donated $450,846 to endow a university professorial chair in Bohemian Studies. If the money is invested at 12.
Sedaia [141]

Answer:

Annual withdrawal=  $57,032.02

Explanation:

Giving the following information:

Initial investment (PV)= $450,846

Interest rate (i)= 12.65%

<u>To calculate the annual withdrawal, we need to use the following formula:</u>

PV= Cf / i

Cf= annual cash flow

450,846= Cf / 0.1265

450,846*0.1265 = Cf

Cf= $57,032.02

7 0
3 years ago
Price Adjustments This activity is important because as marketing managers set final prices, they start with the list (quoted) p
EleoNora [17]

Answer:

1. Discount

2. Geographical adjustments

3. Allowance

4. Discount

5. Allowance

6. Discount

Explanation:

1. Discount for early purchase and delivery order of chlorine and shock products

2. Geographical adjustment of price, due to shipping and handling costs

3. Allowance given to Raquel for the old ring; to help/encourage her purchase a new one (from the store)

4. Discount on the price or cost of purchase, for customers (like Joshua) who would buy more socks at a go

5. Allowance Capri Sun gives to Safeways Store, for every 15 cases of Capri Sun ordered and displayed in front of the store

6. Discount incentive/bonus Amazon is offering its Prime members. Take note of the nomenclature "Prime members". These are customers who make frequent orders or order a lot of products. Amazon is herefore offering a discount.

NOTE:

- A discount is offered to reduce the cost of purchase - which could be direct or indirect - while an allowance is given to encourage a business deal; as in numbers 3 and 5.

7 0
3 years ago
Why is a savings account better than a checking account for saving money?<br> Read More &gt;&gt;
kotegsom [21]

Answer:

A checking account is a type of bank deposit account that is designed for everyday money transactions. ... Savings accounts have higher interest rates than checking accounts, meaning it is better to let large sums of money (e.g., an emergency fund) sit in savings instead of checking.

Explanation:

Checking accounts are better for everyday transactions such as purchases, bill payments and ATM withdrawals. ... Savings accounts are better for storing money and earning interest, and because of that, you might have a monthly limit on what you can withdraw without paying a fee.

6 0
2 years ago
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Halo effect and "Devil's Horns" are associated with which selection activity? Select one: a. Background checking b. Preliminary
Marysya12 [62]

Answer:

C. Interviews

Explanation:

In an interview, there is personal contact between the interviewer and the person interviewed. In this context, first impressions are very important (this is why people are advice to dress and groom themselves well before going to an interview).

A postive first impression can result in a general positive bias when analyzing the person. This is the halo effect and can become helpful in securing the job.

On the contrary, a negative first impression can result in a negative bias when analyzing the person. Negative qualities are ascribed to the person without much basis. This is tthe Devil's Horns effect and can result in the loss of the job opportunity.

8 0
3 years ago
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