1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sashaice [31]
2 years ago
10

arasota Company obtained land by issuing 3,380 shares of its $12 par value common stock. The land was recently appraised at $146

,440. The common stock is actively traded at $42 per share. Prepare the journal entry to record the acquisition of the land. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Business
1 answer:
likoan [24]2 years ago
4 0

Answer:

Dr Land $146,440

Cr Common stock (3,380 shares×$12 par value) $40,560

Cr Paid in Capital in excess of Par common stock $105,880

Explanation:

Arasota Company Journal entry

Dr Land $146,440

Cr Common stock (3,380 shares×$12 par value) $40,560

Cr Paid in Capital in excess of Par common stock $105,880

You might be interested in
A. Macarty Company's records indicate the following information for the year: Merchandise inventory, 1/1 $ 550,000 Purchases 2,2
cestrela7 [59]

Answer:

add all them and there u go

Explanation: so add 550,000 -2,50,000 + 3,100,000+600,000 -30%     hope that helps

8 0
3 years ago
A mixed economy is
vazorg [7]
Generally speaking a mixed economy is "<span>B-a combination of individual choice and government protection," although the balance is often more tilted towards individual choice.
</span>
5 0
3 years ago
Read 2 more answers
Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
Eduardwww [97]

The purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

<h3>What is the purchase amount to be recorded?</h3>

The purchase amount that should be recorded on the date of purchase is the amount of the transaction.  This does not take into account the return and discount which happened later.

This implies that Icon Co. will reduce the purchase amount on April 4 when half of the goods were returned with a contra entry.  And discount will be based on the balance of $2,000 instead of $4,000.

<h3>Data and Calculations:</h3>

Purchase on April 2 = $4,000

Purchases Return on April 4 = $2,000

Thus, the purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

Learn more about recording credit purchases at brainly.com/question/5651500

6 0
1 year ago
When a company such as home depot provides a loyal customer with a relevant coupon, based on previous purchases through his or h
Kruka [31]
<span>Excite the Customer -Firms use many kinds of social media to excite their customers about an idea, product, or company -mobile applications and games for example -Firms actively use social networks to communicate deals that are likely to excite consumers -Facebook, Pinterest, and Google +</span>
5 0
3 years ago
A large-scale bakery is laying out a new production process for its packaged bread, which it sells to several grocery chains. It
Nataliya [291]

Answer:

840 breads size oven.

Explanation:

According to Little's law,

Inventory = flow rate × flow time

Inventory (I) is the number of flow units that are currently handled by a business process.

I= unknown

Flow rate (R) is the number of flow units going through the business process per unit time.

R= 4200 breads per hour or 70 breads per minute (4200/60)

Flow time (T) is the amount of time a flow unit spends in a business process from beginning to end.

T= 12 minutes.

Inventory = flow rate × flow time

Inventory = 70 breads per minute × 12 minutes

Inventory = 840 breads size oven

Therefore, for the company to produce 4200 breads per minute, 840 breads size oven is required.

4 0
3 years ago
Other questions:
  • Which of these describes a situation in which people have to make a co-pay? A. When they visit a doctor B. When they get their c
    11·1 answer
  • Par value is the dollar value that an investor must pay in order to purchase preferred stock.
    6·1 answer
  • laston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of un
    8·1 answer
  • IE 10-1 ... AS/AD Model – Suppose this economy is at Year 4 as a result of an "over-expansion" of the Money Supply by the FED. W
    15·1 answer
  • You decided to buy apples at a grocery store somewhere in the mountains. You buy 5 pounds of apples, which are sold for $1.99/lb
    7·1 answer
  • In order to obtain a job you may have to go through the typical sequence of interviews, which includes
    14·1 answer
  • The capacity of a resource determines the ___________ number of flow units that can flow through that resource per unit of time.
    10·1 answer
  • ______ refers to a set of unspoken guidelines that employees share in various work situations. Organizational theory Organizatio
    8·1 answer
  • The declaration date is the date on which the corporation ______. makes a payment to the stockholders of record records its obli
    14·1 answer
  • Period costs are the​ ________. A. product costs that must be paid in the accounting period in which they are incurred. B. sam
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!