Ok so you sold 4,000 stock at $3 above par value
Cash=92,000 (4,000x23)
commonstock issuance=80000 (4,000x20)
Additional paid in capital-common stock (or commonstock-apic)=12,000 (3x4000 or 92,000-80,000)
Debit Cash 92,000
Credit Commonstock Issuance 80,000
Credit Apic-Commonstock 12,000
Answer:
3/5
Step-by-step explanation:
Both can be divided by 5. So, 15 divided by 5 is 3, and 25 divided by 5 is 5! Hoped this helped :)
Answer:
111/40
Step-by-step explanation:
3 2/5=17/5
17/5-5/8=111/40
Yes definitely! Remember you have decimals! So the rule for multiplying by ten is to move the decimal to the right one time. So in this case 3.5 x 10 is 35
