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3 years ago

Cutler Corporation is authorized to issue 10,000 shares of common stock. It sells 6,000 shares at $19 per share.

Business

1 answer:

MissTica3 years ago

4 0

Explanation:

here, D= debit , C= credit

D :Cash (6,000*19) =$114,000

C: Common Stock(6,000*10)= $60,000

C: Excess Capital in par value, Common stock =$54,000

D:Cash (6,000*19)= $114,000

C: Common Stock(6,000*8)= $48,000

C: Excess Capital in stated value, Common stock= $66,000

D: Cash (6,000*19)= $114,000

C: Common Stock(6,000*19)= $114,000

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A parents' group in a small town formed an unincorporated association to run a little league soccer team. Alex was elected presi

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Answer:

The only person liable for the goods purchased is Alex because he was the person that made the purchases.

Explanation:

Alex is to be held liable because he was authorized to make the purchase. A single member of an unincorporated association is liable for the debts of the organization if they are given authorization to execute a specific act which is seen in this case here.

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3 years ago

If John made $23,562.55 in wages, and $2,679.32 cents in tips, what amount should he enter for his income when filling out his 1

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Answer:

Explanation:

$26,241.67

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3 years ago

Read 2 more answers

A machine costs $1,000 and has a 3-year life. the estimated salvage value at the end of three years is $100. the project is expe

AnnyKZ [126]

Cost of machine = $1,000

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Total NPV = -1000+1492.11+75.13 = $567.24 ≈ $567

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3 years ago

Kaspar Industries expects credit sales for January, February, and March to be $202,100, $264,200, and $319,300, respectively. It

Wittaler [7]

Answer:

January $151,575

February $248,675

March $305,525

Explanation:

The computation of the cash collections is shown below:

January month

= January credit sales × month of sale collection percentage

= $202,100 × 75%

= $151,575

February month

= January credit sales × following month collection percentage + February credit sales × month of sale collection percentage

= $202,100 × 25% + $264,200 × 75%

= $50,525 + $198,150

= $248,675

March month

= February credit sales × following month collection percentage + February credit sales × month of sale collection percentage

= $264,200 × 25%+ $319,300 × 75%

= $66,050 + $239,475

= $305,525

3 0

3 years ago

7. Give me your pen, please<br>

mash [69]

Okay no problem it cost 10 dollars tho

7 0

3 years ago