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babunello [35]
4 years ago
5

On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 77,000 shares of $10 par common stock at $11, and on Nove

mber 19, it issued for cash 17,040 shares of preferred stock, $50 par at $53. Required: A. Journalize the entries for October 31 and November 19. Refer to the Chart of Accounts for exact wording of account titles. B. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?
Business
1 answer:
kkurt [141]4 years ago
3 0

Answer:

i am sorry i do not know

Explanation:

sorry

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In a country where only two goods are produced and consumed, the production and consumption of Good X results in external benefi
Fudgin [204]

Answer:

Would unregulated markets produce too much or too little of Good X and Good Y, compared to the efficient output levels for these products?

Explanation:

Good X: Too Little

Good Y: Too Much

8 0
3 years ago
Superior has provided the following information for its recent year of operation: The common stock account balance at the beginn
yKpoI14uk [10]

Answer: $22000

Explanation:

The amount of Superior's dividend declarations during its recent year of operation will be calculated thus:

Ending retained earnings ($91000) = Beginning retained earnings ($75000) + Net income ($38000) - Dividend declared

$91000 = $113000 - Dividend declared

Dividend declared = $113000 - $91000

Dividend declared = $22000

Therefore, Superior's dividend declarations during its recent year of operation is $22000

7 0
3 years ago
Based on the​ cost, the process that is best suited for the current contracted volume is
Vsevolod [243]

Answer:

Force Measurement System

Explanation:

(FMS) Hope this helps!

5 0
3 years ago
Many industry initiatives have attempted to create efficiency and effectiveness through the integration of supply chain activiti
kolbaska11 [484]

Answer:

D) all of these answer

Explanation:

for creating chain management we need to have

1) Quick response (QR) -  is refer to that bar code which is used to track information for any products. this type of bar code is mainly used in shopping or buying in any product.

Bar code is a code in which information is store which can be used further in market.

2) vendor managed inventory -  in this information provided by customer to the  vendor about any product.

3) Efficient consumer response -   it is a mutual coordination  between producer, wholesaler to fastened and feasible the service to customer.

8 0
3 years ago
Accounting: explain the weakness in internal control and identify the internal control principle that violated?1. Each week, Kat
natita [175]

Answer:

1.Each week, Katja leaves 100 company checks in an unmarked envelope on a shelf behind the cash register.

physical controls

2.The store manager personally approves all payments before signing and issuing checks.

segregation of duties

3.The company checks are unnumbered.

documentation procedures

4.After payment, bills are “filed” in a paid invoice folder.

documentation procedures

5.The company accountant prepares the bank reconciliation and reports any discrepancies to the owner.

independent internal verification

Explanation:

1.Each week, Katja leaves 100 company checks in an unmarked envelope on a shelf behind the cash register.

physical controls

2.The store manager personally approves all payments before signing and issuing checks.

segregation of duties

3.The company checks are unnumbered.

documentation procedures

4.After payment, bills are “filed” in a paid invoice folder.

documentation procedures

5.The company accountant prepares the bank reconciliation and reports any discrepancies to the owner.

independent internal verification

7 0
3 years ago
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