Answer:
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Answer and Explanation:
The journal entries are as follows
a. Cash $210,500
To Common Stock (12,000 × $14) $168,000
To Paid in capital in excess of par value-Common Stock $42,500
(being the issue of the common Stock is recorded)
For recording this we debited the cash as it increased the assets and credited the common stock and paid in capital as it also increased the stockholder equity
b. Cash $210,500
To Common Stock $210,500
(being the issue of the common Stock is recorded)
For recording this we debited the cash as it increased the assets and credited the common stock as it also increased the stockholder equity
c. Cash $210,500
To Common Stock (12,000 × $7) $84,000
To Paid in capital in excess of stated value-Common Stock $126,500
(being the issue of the common Stock is recorded)
For recording this we debited the cash as it increased the assets and credited the common stock and paid in capital as it also increased the stockholder equity
It is to be noted that the demand for sandwiches and ice cream cones consumed after the price of ice cream cones rises to $2 a piece will both reduce (all things being equal).
<h3>Why would the demand for both items reduce?</h3>
The demand for both goods will both come down because they are complementary or joint demand goods.
A pair of goods are termed "joint demand" when both must or usually is consumed with the other.
Recall that (where all things are equal) demand will decrease as price increases.
Learn more about demand at;
brainly.com/question/1245771
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Answer:
The correct answer is option C.
Explanation:
An outlet store can be described as a store directly owned and operated by manufacturers who provide their products to the public often at discounted prices.
Here, in the given example, The Home Laughlin China Company of West Virginia produces Fiesta China and sells directly to the public in their store.
So, it is an example of an outlet store.
Well an exact account is what an appeal is based on so is pretty important