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
zhannawk [14.2K]
3 years ago
7

Western Wear Clothing issues 1,600 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming t

he issue price is $13 per share, record the issuance of common stock.
Business
1 answer:
Kaylis [27]3 years ago
7 0

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

Cash Dr, (1,600 shares × $13 per share) $ 20,800

          To Common Stock (1,600 shares × $ 0.01 par) $16

         To Additional Paid in Capital in excess of par-Common Stock $20,784

(Being Issuance of common stock is recorded)

Therefore for recording the issuance of common stock we debited cash and credited common stock and additional Paid in Capital in excess of par common stock

You might be interested in
(consider this) consumers might leave a fast-food restaurant without being served because:
Liula [17]
The reason why consumers leave without being served because the consumers must have felt mad or upset about the service being served to them-- causing them to leave their orders or to even wait for their time for their turn of having to get their menu taken.
4 0
3 years ago
Prompt<br> What should you do after writing something?
finlep [7]

Answer:

revise, edit, cite sources.

Explanation:

8 0
2 years ago
Read 2 more answers
Jensen was unable to meet a project deadline, and he noticed that his friend was finding it equally difficult to complete the pr
laiz [17]

The perception of Jensen to blame the management regarding the unavailability of resources is a representation of defensive bias.

<h3>What is bias?</h3>

A bias is a partial psychological orientation, which represents favor towards a particular thing or condition.

When someone does want to blame himself for not being able to complete the tasks being assigned, such a person will represent a defensive bias, so that he diverts the blame from himself.

Hence, the defensive bias of Jensen is represented in the situation as aforementioned.

Learn more about bias here:

brainly.com/question/1236875

#SPJ1

5 0
2 years ago
What organization is the top-level authority for supervising domain name requests?​?
Jlenok [28]
ICANN is the organization at the top-level authority for supervising domain name requests. ICANN stands for Internet Corporation for Assigned names and Numbers which makes sure that the domain names are safe and maintained well when you look through web pages on the internet. They are a nonprofit organization that coordinates and manages domain requests. 
8 0
3 years ago
Read 2 more answers
Bruno's Lunch Counter is expanding and expects operating cash flows of $26,900 a year for 6 years as a result. This expansion re
8090 [49]

Answer:

Net present value of this expansion project is 8234.

Explanation:

To get the net present value,  we make a cash-flow in excel. See document attached.

At moment 0 the investment is =$(92.700), also we consider the working capital =(6.600)

Moment 1 to 6 = $26.900

We calculate the Net cash flow (that is the difference between benefits and cost).

To get net present value, we use VNA formula.  ( =VNA(required rate of return; Net cash flow from moment 0 to moment 6) +Net cash flow at moment 0)

Net present value is 8234

4 0
3 years ago
Other questions:
  • Darren has the option of investing in either Stock A or Stock B. There is a 45 percent chance that the return on Stock A will be
    8·1 answer
  • You are considering acquiring a firm that you believe can generate expected cash flows of $10,000 a year forever. However, you r
    10·1 answer
  • Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for ​$14​, a second lawn for ​$17​
    10·1 answer
  • Nine subjects, 87 to 96 years old, were given 8 weeks of progressive resistance weight training. strength before and after train
    12·1 answer
  • Anderson Corporation has provided the following production and average cost data for two levels of monthly production volume. Th
    15·1 answer
  • John has finally gotten to the point where he can put away some money and start a rainy day fund. He wants to have access to his
    7·1 answer
  • What change is taking place on this graph?
    10·2 answers
  • A company issued rights to its existing shareholders without consideration. The rights allowed the recipients to purchase unissu
    8·1 answer
  • The model on the right looks bumpy, but when you break a large salt crystal in two, the edges of the split often look straight a
    13·1 answer
  • Differentiation for most consumer brands can be based on.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!