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baherus [9]
3 years ago
7

Work Place Products Inc., a wholesaler of office products, was organized on July 1 of the current year, with an authorization of

125,000 shares of 1% preferred stock, $65 par and 700,000 shares of $20 par common stock. The following selected transactions were completed during the first year of operations:
Journalize the transactions.
A. July. 1 Issued 80,000 shares of common stock at par for cash.
B. July. 1 Issued 500 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.
D. Aug. 7. Issued 21,500 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $78,000, $427,000, and $97,000, respectively.
E. Sept. 20. Issued 35,000 shares of preferred stock at $79 for cash.
Business
1 answer:
vlada-n [284]3 years ago
4 0

Answer:

i am sorry i do not know.

Explanation:

i

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For questions 1-10, fill in the blank with the letter of the term that best matches the
AveGali [126]

Answer:

Explanation:

Free brainliest to the first who answers and 100 points!!!!! also a thanks and a five star

7 0
2 years ago
When a liability is first recorded, it is _____. reported as a current liability. reported as a long-term liability. measured in
bekas [8.4K]

Answer:

measured in terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events.

Explanation:

According to my research on financial accounting terms, the term liability is defined as the state of being legally responsible for something (dept such as auto or student loans). When a liability is first recorded it is measured in terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events. Basically calculating the amount of future payments that need to be made by the dept owner.

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7 0
3 years ago
Ball transforms raw materials, human resources, parts, supplies, tools, and other resources into containers using processes of f
Jlenok [28]
This process is known as operations management. Operations management serves to foster the highest possible level of efficiency within an organization. It is an important practice of business management. The way operations management is carried out in any organization is varied and it depends on the types of goods and services that are offered. 
7 0
3 years ago
Sandra is purchasing a home with a first mortgage loan for $548,250, which is the conforming loan limit for the area where she l
Lostsunrise [7]

Question Completion with Options:

2.5 percentage points

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3.5 percentage points

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Answer:

Sandra's creditor must determine if the APR for the loan exceeds the average prime offer rate by:

1.5 percentage points

Explanation:

The first mortgage loan principal should not exceed the conforming loan limit for the area where Sandra lives at the time that she secures the loan approval. It behooves on Sandra’s creditor to determine if the annual percentage rate (APR) for the mortgage loan exceeds the average prime offer rate (or the sample rate that is a representative of the APRs charged by creditors for mortgage loans that have low-risk pricing characteristics) by 1.5 percentage points.

7 0
2 years ago
Multiple choice!
kodGreya [7K]

Answer:

Spillover cost.

Explanation:

Spillover cost refers to those costs or changes in the value of a certain good that are caused by issues external to the intrinsic characteristics of said good. Thus, for example, external influences such as limitations on oil extraction or the development of electric cars can generate a massive drop in the prices of conventional gasoline cars. Another clear example of this situation is the one described in the question, where a negative change in a certain neighborhood can lower the prices of the houses found there.

7 0
2 years ago
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