Answer:
$70,000
Explanation:
In this question, we are asked to calculate the amount credited to common stock warrants at issuance of the preferred stock.
A mathematical approach is needed to compute this.
Mathematically the amount credited to common stock warrants at issuance is calculated by multiplying the selling price of a warrant by the number of warrants.
The selling price of a warrant according to the question is $7. The number of shares issued is 10,000.
The amount credited to common stock warrants at issuance = $7 * 10,000 = $70,000
Answer:
Read the entire application
Explanation:
I'm on Odyssey - ware at this moment so if you're on there that should be it. In the sections 4 of 5 it stats " Read the entire job application before beginning. This helps you decide what information is required and where it will be placed on the application. "
Sorry I'm very late, but hope this helps anyone doing this question as well!
Answer:
Reconciling Items
Item Treatment
1. b. a deduction from the cash balance according to the bank statement
2. b. a deduction from the cash balance according to the bank statement
3. d. a deduction from the cash balance according to the company's records
4. a. an addition to the cash balance according to the bank statement
5. a. an addition to the cash balance according to the bank statement
6. a. an addition to the cash balance according to the bank statement
7. a. an addition to the cash balance according to the bank statement
Explanation:
a) Data and Analysis:
1. Bank service charges, $30 Cash $30
2. Accounts Receivable (NSF) $400 Cash $400
3. Accounts Payable $90 Cash $90
4. Cash $990 Bank $990.
5. Bank $3,300 Cash $3,300
6. Cash $7,950 Bank $7,950
7. Cash $10,500 Accounts Receivable $10,500
