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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Kyle places a $10 value on a glass of red wine, and Keith places an $8 value on it. If there is no tax on glasses of red wine, the price of a glass of red wine reflects the cost of making it. The equilibrium price for a glass of red wine is $6.
Answers (1)
An Apple Incorporated bond is contracted to pay a semi-annual coupon at the rate of 8.5%. This $1,000 principal bond has a YTM of 9.24% and currently sells for $942.10. What is the annual current (coupon) yield associated with this bond? (a) 4.
Answers (1)
A tenancy for years is created when a lease specifies a duration. True False User: A tenancy at will is created by an express contract by which property is leased for a specified period of time true or false
Answers (1)
Assume that tomatoes are currently imported from abroad at a market price of $.50 per tomato. Assume that a tariff of $.25 is placed on imported tomatoes. Also assume that the supply and demand for tomatoes are normal supply and demand relationships.
Answers (1)
On March 1, 2017, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash.
Answers (1)
New Questions in Business
Identify four reasons that nations trade with one
Answers (1)
A warranty of title does not arise automatically under a contract for a sale of goods.
Answers (1)
Which type of degree requires 120 hours of coursework, some of which is general and some of which is based on your major?
Answers (1)
The advantage of being self-employed (rather than being an employee) is: A. The overall limitation (50%) on meals does not apply. B. Job-related expenses are deductions for AGI. C. The self-employment tax is lower than the Social Security tax. D.
Answers (1)
Which of the following is an objective of the nbo process? to create value from intellectual capital and to share knowledge to predict the number of customers who will accept an offer to select a choice among a set of available options to connect
Answers (1)