Answer:
$100,000
Explanation:
The common stock account would increase by the total value of the stated value of the shares issued and the difference between the issue price and stated value would increase the capital in excess of the par account
Increase in common stock account=10,000*$10
Increase in common stock account=$100,000
increase in paid-in capital in excess of par=($70-$10)*10,000
increase in paid-in capital in excess of par=$60*10,000
increase in paid-in capital in excess of par=$600,000
Pilot certificate is what you will need + training
Answer: equilibrium price is $30
Explanation: price decreased steadily at $10 and demand increased by $40(the lower the price the higher the demand) while supply decreased by $60(the lower the price the lower the supply) From the table equilibrium price equal $30 where demand equal supply at 220 units.
Answer:
The journal entry would be:
Explanation:
Note: Options are missing so providing the journal entry.
The journal entry would be for recording the collection of the note is:
October 30
Cash A/c.........................Dr $10,150
Interest Revenue A/c.........Cr $150
Notes Receivable A/c.........Cr $10,000
On October 30, the amount is collected so the any increase in cash is debited. Therefore, cash account is debited. And it is collected against a notes Receivable of $10,000 so it leads to decrease in liability, it is credited. Therefore, the notes receivable is credited. And the interest revenue is credited.
Securities are investments that have value and are traded between other people. Securities can be bought or sold and are able to be used as a medium in exchange for something else. Securities are also known as stocks, bonds and mutual funds. The value of securities are determined by the type, amount and current economic rate.
