The interest rate and how well the product is selling.
Checking account fit the description above. Checking account gives the owner unrestricted access to his account but have no or low interest rate.<span />
Answer: A1
Explanation: The columns are arranged alphabetically and the rows are ordered numerically. The cell address states the column, a letter, followed by the row, then a number.
Answer:
Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000
Explanation:
The journal entry to record the issuance of common stock is presented below:
Cash A/c Dr $12,000 (1,000 shares × $12)
To Common Stock $10,000 ($1,000-× $10)
To Additional Paid-in Capital in excess of par - Common Stock $2,000
(Being the issuance of stock is reported and the remaining balance i.e $2,000 is credited to the additional paid-in capital account)
While issuing the stock, we debited the cash account as there is a cash inflow and credited the common stock and additional paid-in capital account as the share is issued which affect the stockholder equity
