The Logan Company issued 140 shares of its $12 par value stock for $14 per share. The entry to record the receipt of cash and is
1 answer:
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There are $9842 in her account at the end of last year.
Step-by-step explanation:
Given,
Amount in account = $7600
Increment by the end of year = 29.5%
Amount of increase = 29.5% of amount in account
Amount of increase =
Amount of increase = 0.295*7600 = $2242
The increase is $2242.
Amount after increase = 7600 + 2242 = $9842
There are $9842 in her account at the end of last year.
Keywords: percentage, division
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