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
Vinvika [58]
3 years ago
15

Cheyenne Corp. had the following transactions during the current period.

Business
1 answer:
Soloha48 [4]3 years ago
8 0

Answer:

Mar. 2 Issued 4,000 shares of $4 par value common stock to attorneys in payment of a bill for $21,200 for services performed in helping the company to incorporate.

Dr Incorporation expenses 21,200

    Cr Common stock 16,000

    Cr Additional paid in capital - common stocks 5,200

June 12 Issued 56,400 shares of $4 par value common stock for cash of $305,500.

Dr Cash 305,500

    Cr Common stocks 225,600

    Cr Additional paid in capital - common stocks 79,900

July 11 Issued 1,950 shares of $100 par value preferred stock for cash at $130 per share.

Dr Cash 253,500

    Cr Preferred stocks 195,000

    Cr Additional paid in capital - preferred stocks 58,500

Nov. 28 Purchased 2,560 shares of treasury stock for $78,500.

Dr Treasury stocks 78,500

    Cr Cash 78,500

Treasury stocks account is a contra equity account which decreases the value of stockholders' equity.

You might be interested in
Which of the following statements is true?
marissa [1.9K]

Answer: B) A)

Explanation:

  •   This kind of method, direct write-off method is referring to your question and it is considering a method that is used for recognizing bad debts expenses that are coming from credit sales of someone's account. With this method there is no account that is considering allowance and receivable that is found on someones's account is written-off directly to expense when there is uncollectible account expense.
  •   One of the greatest advantages is simplicity because those companies who are doing this method have to make only two transactions.

5 0
3 years ago
Read 2 more answers
Aim higher college has deployed an open source blog package. this package uses a database backend and allows users to create use
Svetradugi [14.3K]
The application administrator should tighten measures on the external application used in the database backend especially when it comes to creating user IDs in order to prevent unauthorized users - any off-campus or even non-affiliated users to indiscriminately post links, especially malware and malicious ones. This can be done by selecting a viable verification method in order to only allow on-campus students to sign-up to the service. 
4 0
3 years ago
You're the account manager for a client who wants to increase reservations at her boutique hotel. You've been manually managing
Bumek [7]

Answer:<u><em> Apply target cost-per-acquisition (CPA) bidding to drive conversions at her desired CPA.</em></u>

Explanation: In this case the customer wants to gain administrative division at her  hotel, looking for ways to save time and optimize. We can most efficaciously do this by utilizing target cost-per-acquisition (CPA) bidding in order to thrust interpretation at her desired CPA.

<u><em>Therefore the correct option in this case is (d)</em></u>

3 0
3 years ago
OK I need to think of a name for my business. My business I want to make will have lip gloss,bath bombs, necklaces, rings and ot
SIZIF [17.4K]

Answer:

Halonia

Explanation:

Sounds very unique and different. Very eye catching. Sounds girly but not too girly.

5 0
2 years ago
Luke sold a building and the land on which the building sits to his brother at fair market value. the fair market value of the b
Effectus [21]

Answer:

(a) $170,000

(b) $80,000

Explanation:

(a) The amount and character of Luke's recognized gain or loss on the building:

= (Fair market value - cost to built) + Depreciation expense

= ($325,000 - $200,000) + $45,000

= $170,000

(b) The amount and character of Luke's recognized gain or loss on Land:

= (Fair market value - Purchasing cost

= (210,000 - 130,000)

= $80,000

7 0
3 years ago
Other questions:
  • Skills devalopment act
    11·1 answer
  • If your credit reports show different scores, what should you do?
    5·1 answer
  • "Mr. Tudor," said Judy, "Tom Pritchett suggested I contact you about our new computerized Civil War reenactment game." In this e
    5·1 answer
  • An institution must permit a student to review his records within how many days from the day the student requests the review
    11·1 answer
  • The concept of market efficiency underpins almost all financial theory and decision models. When financial markets are efficient
    9·1 answer
  • Assuming that the initial project investment is $28,500 in year 0, and that $10,000 in benefits accrued annually, calculate the
    13·1 answer
  • 15 POINTS
    15·1 answer
  • What types of businesses are needed to make the product and deliver it to the final consumer.
    12·1 answer
  • Connect the words below (In any order) and create an essay
    8·1 answer
  • dunder mifflin has the following data related to its inventory during october 20x1. inventory on 10/1 was 400 units at $2.10 per
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!