Dancer8
Feb 27, 2007, 06:21 PM
I need help with these journal entries
1.) Company ussues $10,000 shares of common stock for $175,000. The par value of the stock is $10 per share.
2.) An investment was made in Calhoun COmpany stock for amount of $75,000.
3.) Payments to suppliers totaled $92,000
4.) Company purchases for cash, land and a building costing $200,000, The building was recently appraised at $140,000
5.) A count of inventories at year end revealed $10,000 worth of inventory.
Any help would be greatly appreciated.
1.) Company ussues $10,000 shares of common stock for $175,000. The par value of the stock is $10 per share.
2.) An investment was made in Calhoun COmpany stock for amount of $75,000.
3.) Payments to suppliers totaled $92,000
4.) Company purchases for cash, land and a building costing $200,000, The building was recently appraised at $140,000
5.) A count of inventories at year end revealed $10,000 worth of inventory.
Any help would be greatly appreciated.