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
Harlamova29_29 [7]
3 years ago
9

On June 1, Skysong, Inc. issues 2,700 shares of no-par common stock at a cash price of $6 per share. Journalize the issuance of

the shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Business
1 answer:
faust18 [17]3 years ago
8 0

Answer:

June 1

DR Cash <u>$16,200</u>

CR Common Stock <u>$16,200</u>

<em>(To record issuance of Common Stock)</em>

<u>Workings</u>

Cash

= 2,700 shares * $6 price

= $16,200

You might be interested in
A hardware store will run an advertising campaign using radio and newspaper. every dollar spent on radio advertising will reach
Sindrei [870]
The answer would be 900k I thinkg
6 0
3 years ago
Adam Smith, the father of
Nonamiya [84]

Answer:

The "diamond-water" paradox.

Explanation:

Adam Smith in his book <em>The wealth of nations</em> posted a question consisting the comparison between the price of diamond and water.

His idea was that why the price of diamond is so high as it has no importance in human life, and why the price of water is so low when it is highly significant for human life. One cannot die, if he doesn't have a diamond under his pillow although he will die if water is not given to him for days.

3 0
4 years ago
On November 30, Year 1, Parlor, Inc. purchased for cash at $15 per share all 250,000 shares of the outstanding common stock of S
zepelin [54]

Answer:

$275,000

Explanation:

Goodwill in business combination arises when the price paid in acquiring a business exceeds the fair value of the acquired business net assets . The fair value is used rather than the carrying amount to ensure fairness and an unbiased result

<u>Workings</u>

Purchase consideration = 250,000*15 =3,750,000

Percentage acquired = 100%

Fair value of net asset = 3,000,000+400,000+75,000= 3,475,000

Goodwill = 3,750,000=3,475,000 =275,000

6 0
4 years ago
Prepare a check stub and check using the information given here:
posledela

Answer:

Answer is explained in the explanation section below.

Explanation:

Note: This question is incomplete and lacks the figure of check to which we have to fill the requirements. However, I have found a similar check on the internet and will be solving this question accordingly.

Date: 11/05/20xx   (Put current year in this, whatever it is)

To: Naples Supply

For: Supply of Goods.

Balance Brought  Forward = $ 11,060.00

Amount deposited = $ 3,484.00   (is made on the Dec, 05, 20xx, as we don't know the current year)

Sub Total= $ 14,544.00      (Balance Brought Forward + Amount deposited)

Others ,

Check dishonored plus fees= $ 150.00 + $25.00 = $175.00      

Sub Total= $ 14,369.00        ($14,544 - $175)

Amount issued to Naples Supply = $160.00

Balance carried Forward= $ 14,209.00       ($14,369 - $160)

Similarly,

Date: 11/05/20xx   (Put current year whatever it is)

Pay to the order of: Naples Supply

Amount in words : One hundred and sixty dollars only.

For the purpose of : Supply of goods

Finally,

A sign, on the check.

4 0
3 years ago
Merry Maidens Cleaning generally charges $120 for a detailed cleaning of a normal-size home. However, to generate additional bus
faust18 [17]

Answer:

New price = $108

Explanation:

Given:

Old price for cleaning = $120

New discount rate = 10% = 10 / 100 = 0.1

Computation of new price for cleaning:

New price = Old price for cleaning (1-New discount rate)

New price = 120 (1-0.1)

New price = 120 (1-0.1)

New price = $108

                           Journal entry

Date    Account Title and Explanation   Debit   Credit

        Cash               A/c Dr.                         $108

         Service Revenue  A/c                           $108

                 (Being amount received from cleaning)

8 0
3 years ago
Other questions:
  • A copy machine cost $ 48 comma 000 when new and has accumulated depreciation of $ 31 comma 000. Suppose Kinko sold the machine f
    6·1 answer
  • Which of the following terms describes the giving up of a person suspected of a crime as part of an agreement between two or mor
    5·2 answers
  • What is the main difference between a personal characteristic and a skill ?
    6·2 answers
  • The primary difference between product markets and factor markets is that
    10·1 answer
  • Peter Plaintiff is citizen of Kentucky. He drives to Tennessee and purchases a lawn mover from Lousy Lawn Mowers, Inc. Peter Pla
    12·1 answer
  • Susan participates in a Section 403(b) plan at work that includes loan provisions. Susan has recently enrolled in college and ha
    5·1 answer
  • You purchased 50 shares of a stock at $100 per share. Your stock value dropped 5% in one year. If the stock were to continue to
    11·2 answers
  • A company must decide if it will make or buy an item it needs. The company can make the item for $10 per unit, but must invest $
    11·2 answers
  • Ferris Company began January with 7,000 units of its principal product. The cost of each unit is $6. Merchandise transactions fo
    6·1 answer
  • Which one of these will most likely require a specialized inspection?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!