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Nikitich [7]
2 years ago
15

Alt Corp. issues 3,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, credits are made

to:
Business
1 answer:
storchak [24]2 years ago
8 0

Answer:

Credits are made to Common Stock $30,000 and Paid in capital in excess of Par value $12,000

Explanation:

The journal entry is shown below;

Cash $42,000 (3,000 shares at $14)

         To Common Stock $30,000 (3,000 shares at $10)

         To Paid in capital in excess of par value $12,000 (3,000 shares at $4)

(Being issuance of the common stock is recorded)

Here cash is debited as it increased the assets and credited the common stock & paid in capital as it also increased the stockholder equity

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8 0
2 years ago
During a certain four-month period, the consumer price index (CPI) increased by only 5%. But during the next four-month period,
balu736 [363]
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6 0
3 years ago
Read 2 more answers
Which security procedure is being demonstrated if an administrator is using Wireshark to watch for specific inbound and outbound
REY [17]

Answer:

The correct answer is firewall monitoring.

Explanation:

Only implementing the necessary security tools (Firewall and other security devices) in itself will not secure your network, since the security data of the tools should be analyzed and the security information extracted should be informed or alerted to ensure that the network is secure. Therefore, the analysis of Firewall logs and other logs of security devices is vital to network security.

Firewall logs provide a lot of information about security threats attempts at the periphery of the network and about the nature of incoming and outgoing traffic from the firewall. The analyzed firewall log information provides administrators with real-time data about security threats attempts so that they can quickly initiate a remediation action. It allows you to plan your bandwidth requirement based on its use in all firewalls. The analysis of firewall security logs plays an important role in the assessment of business risks. The analysis of firewall traffic logs is vital to understand the use of bandwidth and network. OpManager, in addition to monitoring the network, also analyzes firewall logs and offers many features that help in the collection, analysis and generation of reports about firewall logs.

5 0
3 years ago
In general, how long does it take to accomplish a long-term goal?
Mkey [24]

Answer:

The answer is D.more than a year

Explanation:

3 0
3 years ago
On July 22, Peter sold $23,500 of inventory items on credit with the terms 2/15, net 30. Payment on $15,000 sales was received o
Alchen [17]

Answer:

Entries that were made on August 1 to record the cash received is :

a. Cash..........14,700

Sales Discount. 300

Accounts Receivable 15,000

Explanation:

When the Inventory items were sold the entries are :

Trade Receivables $23,500 (debit)

Sales Revenue $23,500 (credit)

When payment is received on August 1, the payment is made within the discount period and the customer is eligible for the 15% cash discount.Entries would be as follows :

Cash $14,700 (debit)

Discount allowed $300 (debit)

Trade Receivable $15,000 (credit)

5 0
3 years ago
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