1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gayaneshka [121]
3 years ago
13

Dynatech issues 1,000 shares of $10 par value common stock at $12 per share. When the transaction is recorded, which accounts ar

e credited? Common Stock $12,000 Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000 Common Stock $10,000 and Gain on Stock Sale $2,000 Common Stock $10,000 and Retained Earnings $2,000
Business
1 answer:
morpeh [17]3 years ago
7 0

Answer:

Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000

Explanation:

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

Cash A/c Dr $12,000         (1,000 shares × $12)

    To Common Stock $10,000        ($1,000-× $10)

    To  Additional Paid-in Capital in excess of par - Common Stock $2,000

(Being the issuance of stock is reported and the remaining balance i.e $2,000 is credited to the additional paid-in capital account)

While issuing the stock, we debited the cash account as there is a cash inflow and credited the common stock and additional paid-in capital account as the share is issued which affect the stockholder equity

You might be interested in
A beta distribution center worker was injured when she tried to remove items on the shelf and not a heavy box onto her for a wee
LenaWriter [7]

Answer:

C. Teach procedures for stacking items in straight, even loads.

Explanation:

7 0
3 years ago
Which of the following choices is not considered a revenue producing business enterprise?
exis [7]
<span>b. public schools is the answer i did the test.</span>
3 0
4 years ago
What are products called that are special or different from those grown as commodities?
dybincka [34]

Answer:

unique prroducts

Explanation:

A product is a commodity when all units of production are identical, regardless of who produces them. However, to be a differentiated product, a company's product is different than those of its competitors. On the continuum between commodities and differentiated products are many degrees and combinations of the two.

6 0
3 years ago
What is the BEST way to stay organized? Person with a descriptive and correct one sentence answer will receive brainliest for th
olga55 [171]

Answer:

Jssjnsnss is a great place to work for and it is a great place to work for and it will help us out to the best of our experience as well as the best and fastest growing business in the

7 0
2 years ago
Read 2 more answers
32,500 shares of common stock outstanding at a price per share of $80 and a rate of return of 12.95 percent. The firm has 7,350
pashok25 [27]

Answer:

WACC = 11.1%

Explanation:

The weighted Average cost of Capital is the average cost of capital for the different sources of long-term capital available to a firm weighted according to the proportion each source of finance bears to the total capital in the pool.

<em>Market of securities</em>

Common stock =  $80 × 32,500=  2,600,000.  

Preferred stock = $95.50 ×  7,350=   701,925.00  

Bond = 407,000/100 × 111.5= 453,805.00  

<em>Cost of each capital type</em>

Common stock= 12.95

Preferred stock = (7.90%× 100)/95.50= 8.3%

Bond= 8.11%× (1-0.4)=4.87%

<em>WACC</em>

Type                      Market Value          Cost           Market value  cost

Common stock   2,600,000.              12.95%         336,700.00  

Preferred            701,925.00              8.3%             58,065.00  

Bond                   4<u>53,805.00  </u>           4.87%            <u>22,100.30 </u>

Total                    <u>3,755,730.00</u>                               <u>  416,865.30</u>  

WACC = (416,865.30  / 3,755,730.00) ×  100

       = 11.1%

WACC = 11.1%

4 0
3 years ago
Other questions:
  • Which organization provides leadership for the federal reserve system? board of governors congress department of the treasury fe
    5·1 answer
  • A local charity has been given a grant to serve free meals to the homeless in its community, but it is worried that its program
    5·1 answer
  • How much money should you save in case you have an emergency
    14·2 answers
  • The replacement of a planning machine is being considered by the Reardorn Furniture Company.​ (There is an indefinite future nee
    15·1 answer
  • What does it mean to capitalize interest
    5·1 answer
  • Harcourt Manufacturing (HM) has the capacity to produce 10,000 fax machines per year. HM currently produces and sells 7,000 unit
    13·1 answer
  • What are the relative merits of three trade agreements and alliances?
    14·1 answer
  • Outback Corp. recorded sales of $1,300,000 in 2010, in addition the company's accounts receivable balance grew from $120,000 at
    12·1 answer
  • If you are denied credit, a job, a license, an insurance policy, or a loan based on your credit report, you are entitled to rece
    11·1 answer
  • The profit-maximizing rule leaves room for cases where it is both possible and reasonable for a firm to operate at a loss over t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!