Would say that choices 1 and 2 would be the best answers!
Answer:
a.
Cash 27000 Dr
Common Stock 13500 Cr
Paid in capital in excess of par-Common stock 13500 Cr
b.
Cash 135000 Dr
Preferred Stock 135000 Cr
Explanation:
a.
When we issue stock at premium, we always record the amount received from such issuance of stock at full. So, the cash account will be debited for 4500 * 6 = 27000
However, we record the common stock issued at par value and the remaining is credited under the reserve account which is Paid in capital in excess of par.
Thus the common stock will be credited by its par value of 4500 * 3 = 13500 and the remaining 4500 * 3 will be credited to the Paid in Capital account.
b.
The par value of the preferred stock is 4500 * 30 = 135000
Thus the preferred stock is issued at par and we simply debit the cash received from the issue and credit the preferred stock.
Answer:
c. Shine at Interviews
Explanation:
We write a thank-you letter to the company after shine at Interviews in order to follow up
Answer:
B Revenues - Expenses
Explanation:
Profit can be found by subtracting revenues from expenses. This is because revenue is the total money made, and expenses are the costs associated with making that revenue. By subtracting the expenses from the revenue, you get the difference of what you actually made.
