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Rufina [12.5K]
3 years ago
14

On May 10, Sheffield Corp. issues 2,500 shares of $5 par value common stock for cash at $12 per share.

Business
1 answer:
Murljashka [212]3 years ago
3 0

Answer:

Explanation:

The journal entry to record the issuance of common stock is shown below:

Cash A/c Dr $30,000          (2,500 shares × $12)

    To Common Stock $12,500                 (2,500 shares × $5)

    To  Additional Paid-in Capital in excess of par - Common Stock $17,500

(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)

While issuing the stock, we debited the cash account and credited the common stock and additional paid-in capital account

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Mr kleaners acquired new industrial washing mavhine,the list price price of which was 52000.the supplier allowedva tade discount
Cloud [144]

Answer:

I think its $48,950.

Explanation:

you subtract 4,000 from 52,000 which is 52,000 - 4,000 = 48,000.

then you will add that extra $950 getting you a total of $48,950.

if I'm wrong I'm sorry I'm not that good at math.

7 0
3 years ago
The process of combustion occurring without an open flame is called ________.
gogolik [260]
The process of combustion occurring without an open flame is called incomplete combustion
7 0
3 years ago
Evaluate an open economy from the spending approach in order to get the three sectorial balances, private, external, and public.
velikii [3]

Answer:

GDP for an open economy from the spending approach follows this equation:

GDP = Consumption + Investment + Government Spending + Net Exports (Exports - Imports)

It can also be written as:

GDP = C + I + G + NX (X - N)

The balance of private consumption is simply equal to C, the balance of public spending is G, and the balance of the external sector is net exports or NX.

5 0
2 years ago
The relationship between the future value of a single sum and the corresponding present value of a single sum is determined by t
Schach [20]

Answer:

D

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interest rate per compounding period​ ; number of compounding periods

5 0
3 years ago
Vijay Company reports the following information regarding its production costs. Direct materials $ 10 per unit Direct labor $ 20
kirill115 [55]

Answer:

Unitary variable cost= $40

Total variable cost= $800,000

Explanation:

Giving the following information:

Direct materials $ 10 per unit

Direct labor $ 20 per unit

Overhead costs for the year Variable overhead $ 10 per unit

Fixed overhead $ 160,000

Units produced 20,000 units

Unitary variable cost= direct material + direct labor + manufacturing overhead= 10 + 20 + 10= $40

Total variable cost= 20000units* 40= $800,000

7 0
3 years ago
Read 2 more answers
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