1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Debora [2.8K]
3 years ago
12

Nebraska Inc. issues 4,100 shares of common stock for $131,200. The stock has a stated value of $15 per share. The journal entry

to record the stock issuance would include a credit to Common Stock for
Business
1 answer:
julsineya [31]3 years ago
5 0

Answer:

$61,500

Explanation:

Based on the information given if the company

issues 4,100 shares of common stock for the amount of $131,200 in which the stock has a stated value of $15 per share which means that The journal entry to record the stock issuance would include a credit to Common Stock for $61,500 Calculated as:

Credit to Common Stock=4,100 shares*$15 per share

Credit to Common Stock=$61,500

You might be interested in
If you and a friend order 2 veggiburgers, one salad, one fries and 2 coffees, what is the total bill with 4% tax and 15% tip?
ycow [4]

Answer:

$14.71

Explanation:

Each veggiburger costs $3.25, the salad costs $2.50, the fries cost $1.50 and each coffee costs $0.90.

Your total bill without taxes or tips = $6.50 + $2.50 + $1.50 + $1.80 = $12.30

If we add the 4% our total increases to = $12.30 x 1.04 = $12.79

Generally I tip on the taxes, so the total bill including taxes and tip = $12.79 x 1.15 = $14.71

6 0
3 years ago
Which of these conditions helped establish the foundation for a market revolution in the United States
Digiron [165]

Question Completion:

Choices: Rapid improvements in transportation and communication; the production of goods for a cash market; and the use of inventions and innovations to produce goods for a mass market.

Answer:

The condition that helped to establish the foundation for a market revolution in the United States is:

Rapid improvements in transportation and communication

Explanation:

Rapid improvements in transportation and communication spurred innovations.  With innovations, capitalism was born.  Innovations needed factories for mass production.  In turn, according to American History, "factories and mass production increasingly displaced individual artisans and farmers," who survived at subsistent levels.  Large farms grew and produced crops for distant markets, no longer only for family and local markets.  Most of the crops were further processed, packaged, preserved, and shipped through cheap transportation systems like the Erie Canal, using steamboats.  And the rest, they say, is history.

3 0
3 years ago
In its first month of operations, Vaughn Manufacturing made three purchases of merchandise in the following sequence:
olga nikolaevna [1]

Answer:

Ending\ Inventory = \$1920 --- FIFO

Ending\ Inventory = \$1200 -- LIFO

Explanation:

Solving (a):

FIFO method

This means that the first items to be listed were sold out and only 240 of the last item is left

This implies that the following units were sold

340 units at $5; 440 units at $7 and (540 - 240) units at $8

So: We're left with

Ending\ Inventory = 240 * \$8

Ending\ Inventory = \$1920

Solving (b):

LIFO method

This means that the last items to be listed were sold out and only 240 of the fist item is left

This implies that the following units were sold

540 units at $8; 440 units at $7 and (340 - 240) units at $5

So: We're left with

Ending\ Inventory = 240 * \$5

Ending\ Inventory = \$1200

3 0
4 years ago
Zero-tolerance laws exist in all states prohibiting those under 21 from drinking and driving.
Yuki888 [10]
The answer to your question is False :)
4 0
3 years ago
Read 2 more answers
Customer goods returned will be credited to which account ?
Alex787 [66]

Answer:

Goods Account (based on the question)

Alternatively :

In Accounts you would usually have a seperate account called ' Returns Inward' and they will be debited there.

6 0
3 years ago
Other questions:
  • What is a limited company?
    5·1 answer
  • Estate planning has two parts. The first part consists of: (PERSONAL FINANCE)
    15·1 answer
  • Describe how taxes can be used to affect people's behavior
    14·1 answer
  • A broker pulls up in front of the next home to be shown to the buyers and, at first glance, they tell the broker that they don't
    7·1 answer
  • Programs designed to help only those with low incomes are called
    10·1 answer
  • Martinez Corporation engaged in the following cash transactions during 2012. Sale of Land and Building…………………. $191,000 Purchase
    11·1 answer
  • What are the depreciation methods used in accounting?
    5·1 answer
  • During 2018, its first year of operations, Pave Construction provides services on account of $126,000. By the end of 2018, cash
    7·1 answer
  • Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $962,000
    9·1 answer
  • your broiled swordfish has a food cost of $7.50, and you're targeting a food cost of 33% on this expensive dish. what will the f
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!