 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
It looks like you are gone, but let me just give you the following examples. If the par value is $7.00 per share (200 shares at $7 = $1400): Cash.....................................$1,400 Common Stock....................................$1,400 If the par value is, for example, $5.00 per share (200 shares at $5 - $1000): Cash.....................................$1400 Common Stock....................................$1000 Additional paid in capital........................$ 400 |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
On July 1 of the current year, a business pays $54,000 to the city for license taxes for the coming fiscal year. The same business is also required to pay an annual property tax at the end of the year. The estimated amount of the current year's property tax allocable to July is $4,800. (1)...
In May 2009, management of JJB determined that their assorted chocolate line of business was not profitable and could not compete with Rogers Chocolate and decided to discontinue operations. On Sept 23rd, 2009 JJB sold all assets relating to the Chocolate business and recorded a gain of $69,000...
In May 2009, management of JJB determined that their assorted chocolate line of business was not profitable and could not compete with Rogers Chocolate and decided to discontinue operations. On Sept 23rd, 2009 JJB sold all assets relating to the Chocolate business and recorded a gain of $69,000...
Hi. I am unsure about the correct way to debit/credit these entries. Can someone help me? Window Washing Company opened on July 1, 2010. During July the following transactions were completed: July 1 Issued 14,456 shares of common stock for $14,456 cash. July 1 Purchased used truck for...
Did I do this right? Question: Accepted an advance in cash for artwork to be done for another agency, $1600 My Journal Entry? Debit Cash $1600 Credit Prepaid Artowrk $1600
View more questions Search
|
