Answer:
The journal entry for J. Laney to record this transaction is
Dr legal expenses $12,990
______Cr Common stock $3,100
_______Cr Share premium $8,990
Explanation:
The common stocks are carried at par value of $1. This implies that any price paid in excess of the par value is made provision for in the share premium account.
Again, the common stocks issued are measured at the price required to settle the legal expenses and are paid in excess of par value of $1.
Share premium = ($3.90 - $1) × 3,100
Share premium = $8,990
Answer:
The specialty goods are one of the type of consumer products an it basically categorized under the category of shopping and the convenience goods.
The specialty products are basically purchased by the consumers or users because of its unique characteristics and high efficient brands. Exotic perfumes, designer clothe and famous printing cloths are some examples of the specialty products.
The main objective of the specialty goods is that the customers group are wiling for purchasing the specific products due to its unique features or high brand and also make special efforts for purchasing the specific products and the services.
Answer:
The correct answer is letter "E": halo.
Explanation:
The halo perceptual error is a tendency to generalize every aspect of a given object merely on the basis of one or two aspects of the same object. The consequence of the experience is positive but it takes the <em>horn perceptual effect</em> name when it is negative.
On November 21, Civic Company received $550 from customers in payment of their accounts. The journal entry to record this transaction will include a credit to accounts receivable.
<h3>What is meant by account receivable?</h3>
- The money clients owe your business for goods or services for which invoices have been issued is known as accounts receivable. On the balance sheet, current assets are listed as the total amount of all accounts receivable, including bills from clients for goods or services on credit.
- A person who works in accounts payable must ensure that their company receives payments for the goods and services it provides and record these transactions appropriately.
- Trade accounts receivable notes receivable and other receivables are the three categories into which receivables are typically broken down.
On November 21, Civic Company received $550 from customers in payment of their accounts. The journal entry to record this transaction will include a credit to accounts receivable.
To learn more about accounts receivable, refer to:
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They show for a few days or months
