Answer:
The journal entries are shown below:
Explanation:
The journal entries are as follows
On June 12
Cash $300,000
To Paid-In Capital in Excess of Par- Common Stock $220,000
To Common Stock $80,000 (80,000 shares × $1)
(Being the issuance of the common stock is issued and the remaining balance is credited to the paid in capital)
On July 11
Cash $318,000 (3,000 shares × $106)
To Preferred Stock $300,000 (3,000 shares × $100)
To Paid-In Capital in Excess of Par - Preferred Stock $18,000
(Being the issuance of the preferred stock is issued and the remaining balance is credited to the paid in capital)
On Nov 28
Treasury Stock $9,000
To Cash $9,000
(Being the treasury stock is purchased)
Paracas textiles have been preserved because the climate in Peru is very dry. Paracas textiles were found at a necropolis in Peru in the 1920s. The textiles were made by South American people thousands of years ago; they are usually brightly colored and embroidered with different designs which showcase the crafts of the the people who made these textiles.
Answer:
$18.29
Explanation:
Material Conversion
Units transferred to
the next department 7.400 7.400
Ending WIP
Materials 50% 1.900 950
Conversion Cost 35% 1.900 665
Equivalents Units Production 8.350 8.065
Cost of beginning work in process inventory $ 10.600 $ 12.800
Costs added during the period $ 142.100 $ 359.500
TOTAL COST $ 152.700 $ 372.300
Equivalents Units Production 8.350 8.065
Cost per equivalent unit $18,29 $46,16
Answer:
Both technicians are correct
Explanation:
Both technicians are correct because by full fielding the alternator, you are bypassing the voltage regulator. Also, full fielding can possibly damage electronic circuits, so it is no longer a recommended test.
Hence both technicians are correct