Answer:
Jan 22
Dr Cash $720,000
Cr Common stock $720,000
Feb 14
Dr Cash $2,420,000
Cr Preferred stock $2,420,000
30
Dr Cash $540,000
Cr Preferred stock $495,000
Cr Paid in capital in excess of par-Preferred stock $45,000
Explanation:
Preparation of the journal entries
Jan 22
Dr Cash $720,000
Cr Common stock $720,000
(180,000 shares * $4)
Feb 14
Dr Cash $2,420,000
Cr Preferred stock $2,420,000
(44,000 shares * $55)
30
Dr Cash $540,000
(9,000 shares * $60)
Cr Preferred stock $495,000
(9,000 shares * $55)
Cr Paid in capital in excess of par-Preferred stock $45,000
[9,000 shares *($60- $55) ]
Barack Obama was talking about the choices on the priorities of the budget.
Education, Health, Security, among others are part of the State's responsibilities and dividing the budget to meet society's needs in these and other areas is a very difficult task.
Soooo B
Hope this helped!!
~BBGLUVER
It is termed as Income Summary account.
<h3>Income summary account </h3>
The income summary account is a temporary account into which all income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount transferred into the income summary account equals the net profit or net loss that the business incurred during the period.
The income summary account is recorded by debiting revenue accounts and crediting expense accounts. The balances of the transferred amounts should match with the net income or loss for the year.
Learn more about income summary account here :
brainly.com/question/13537015
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Answer: The opportunity cost of Joe buying coffee at the coffee shop is $1.50.
Opportunity cost refers to the value of next best alternative that one loses when one makes a choice. It is also known as alternate cost.
We try to assess opportunity cost by finding the difference between the value of benefit expressed in monetary terms and the cost of the next best alternative.
In this question we can calculate the opportunity cost of buying a latte at the coffee shop as:
