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AfilCa [17]
3 years ago
10

Prepare journal entries to record the following four separate issuances of stock.

Business
1 answer:
Pavel [41]3 years ago
6 0

Answer:

Item 1

Debit : Cash $144,000

Credit : Common Stock $120,000

Credit : Common Stock Paid in Excess of Par $24,000

Item 2

Debit : Cash $39,000

Credit : Common Stock $39,000

Item 3

Debit : Cash $39,000

Credit : Common Stock $39,000

Item 4

Debit : Cash $89,000

Credit : Preferred Stock $50,000

Credit : Preferred Stock paid in excess of par $39,000

Explanation:

Take a careful note on Par value Stocks and No Par Value Stocks. A reserve is created whenever Stocks are issued above their Par Value.

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b

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4 years ago
What are the right questions to ask to understand a business model
LUCKY_DIMON [66]

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3 years ago
What is the advantage to a multi-criteria analysis?
telo118 [61]

Answer:

c. It is easily adaptable to as many suppliers as you need to evaluate

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It involves many factor to analyze a decision due to variety of different assessments it has, it can be applicable to many supplier. It is very helpful to decision making because every aspect of each supplier is analyzed and makes a quality decision. Multi criteria analysis assess every supplier on different factors to find the difference between them and make a best decision.

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3 years ago
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Tom, the borrower, gave Joe, the lender, his mortgage as security for his loan. Under the terms of the mortgage, Tom is identifi
Serhud [2]

Answer:

Mortgagor

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In the case of the above question, Tom is a mortgagor because he is borrowing money from Joe who is a lender and even providing a security for the loan.

Cheers

4 0
4 years ago
Select the correct answer.
antoniya [11.8K]

Answer: $152,210

Explanation:

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Therefore, the net income is $152210

8 0
3 years ago
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