When a company issue 27,000 shares of $5 per value common stock, the journal entry for this issuance would include:
Multiply choice
1. A debit to cash for $135,000
2. A debit to additional paid-in capital for$135,000
3. A credit to additional pain-in for$1,215,000
4. A credit to common stock for $1,350.000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When a company issue 27,000 shares of $5 per value common stock, the journal entry for this issuance would include: Multiply choice 1. A ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Achi Corp. has preferred stock with an annual dividend of $3.21. If the required return on Achi's preferred stock is 8.2% , what is its price? ( Hint: For a preferred stock, the dividend growth rate is zero.)
Answers (1)
Oscar Groceries, a supermarket chain, uses scanners at the checkout counters, which contain computer software to track inventory levels of products. This store is using an ... system.
Answers (1)
As you get older: a You should stop investing your money b You should increase your investment spending c You should begin to move your portfolio to less risky investments d You should move all your investments into large-cap stocks
Answers (2)
Depreciation expense: Group of answer choices is a tax deductible non-cash expense is not a true expense represents a cash outflow on the cash flow statement is deducted from net income
Answers (1)
Owen decides to sell his ranch, Pine Ridge, in a live auction. When the auctioneer puts the property up for bids, it will be a. an invitation to submit offers, not an offer itself. b. an offer. c. a circular, not an offer. d.
Answers (1)
New Questions in Business
Torres travel's stockholders' equity at the beginning of march 2014 was $200,000. during the month, the company earned net income of $50,000 and paid dividends of $10,000. at the end of march 2014, what is the amount of stockholders' equity?
Answers (1)
In the Keynesian model, it is assumed that, when demand for a firm's product changes, the firm: A. changes prices to meet the demand. B. changes production levels to meet the demand. C. changes prices and production levels to meet demand. D.
Answers (1)
If you purchased a camera in Britain for 100 pounds what would be the price in U. S. dollars if one pound is worth 1.40? A:71 B:100 C:140 D:1400
Answers (1)
Gontier corporation stock currently sells for $64.18 per share. the market requires a return of 12 percent on the firm's stock. required: if the company maintains a constant 5.
Answers (1)
If someone asked you, "Why should I bother worrying about my credit score?" what would you say?
Answers (1)