Answer:
Paid in capital excess of par is $$309,000
Explanation:
<u>Journal Entries</u>
Debt: Legal services (4,100 hours × $100 per hour) = $410,000
Credit: Common stock (101,000 shares × $1 par) = $101,000
Credit: Paid-in capital - excess of par (Remainder) = $309,000
To record the 101,000 shares compensated by 4,100 legal hours with $1 par value)
In the above transaction common stock issued in excess of par for legal services as compensation instead cash. Hence "legal services" have been debited as issuing company benefited for legal services. "Common stock" and "paid in capital in excess of par" has been credited as this issuing company issuing common stock.
Paid in capital excess of par is $$309,000
Answer:
Cost of Goods Sold: 79,900
Explanation:
The returns decreases the net purchases, and the freight-in is a necessary cost for get the goods so; it is activate through inventory.
Beginning 5,000
Purchased 97,000
Return (6,500)
Fregith-in <u> 1,600 </u>
Good available: 97,100
The difference between goods available and ending inentory will be the cost of goods sale
Ending Inventory (17,200)
Cost of Goods Sold: 79,900
Yes I agree. Its just wrong and right. You're definitely passing business.
Answer:
Economic model is the answer of this question
Answer:
A
Explanation:
nor sure but I think this is the right one
