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Anna [14]
3 years ago
14

In June, current year, Wendy Winger organized a corporation to provide aerial photography services. The company, called Aerial V

iews, began operations immediately. Transactions during the month of June were as follows. June 1 The corporation issued 60,000 shares of capital stock to Wendy Winger in exchange for $60,000 cash. June 2 Purchased a plane from Utility Aircraft for $220,000. Made a $40,000 cash down payment and issued a note payable for the remaining balance.Prepare a journal entry.
Business
1 answer:
Ainat [17]3 years ago
5 0

Answer:

1  

Cash_________60000  

Common stock________60000

Issued 60000 shares of capital  

 

2  

Plane________220000  

Cash________________40000

Account payable_______180000

Purchase to Utility Aircrafy

Explanation:

Capital stock is the number of common and preferred shares that a company is authorized to issue, according to its corporate charter. The amount received by the corporation when it issued shares of its capital stock is reported in the shareholders' equity section of the balance sheet

1  

Cash_________60000  

Common stock________60000

Issued 60000 shares of capital  

 

2  

Plane________220000  

Cash________________40000

Account payable_______180000

Purchase to Utility Aircraft  

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Answer:

People consumes less of alcohol and more of non alcoholic drinks.

Explanation:

Now-a days people consumes less of alcoholic drinks as non alcoholic beverages or drinks are becoming non popular day by day. People have become more health conscience and wants to remain fit. Now wonder alcohol causes a lot harm to the human health. People now are aware of the side effects of consuming alcohol.

In the recent years the life style of the people have change a lot and they they have become health conscious than before. The consumption of other non alcoholic drinks have become familiar and famous including green tea, fruit juices, goji juice and many more.

The bar managers also face difficulty in serving alcohol to people as people refuse to drink them. They are more health conscience and is aware of the fatal incidents about drunk driving. They prefer other non beverages in the bar. As a result the sale of alcohol has decreased a lot. There are also various awareness programs running against consumption of alcohol.Thus people do not drink alcohol any more and so it is difficult for the bar managers to offer alcohol to their customers.

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3 years ago
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Answer:

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Answer:

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