Reference no: EM131002244
During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to shareholders' equity. The articles of incorporation authorized the issue of 8 million common shares, $1 par per share, and 1 million preferred shares, $50 par per share.
Required:
Prepare the appropriate journal entries to record each transaction.
Feb. 12 Sold 2 million common shares, for $9 per share.
13 Issued 40,000 common shares to attorneys in exchange for legal services.
13 Sold 80,000 of its common shares and 4,000 preferred shares for a total of $945,000.
Nov. 15 Issued 380,000 of its common shares in exchange for equipment forwhich the cash price was known to be $3,688,000.
About the low switching costs
: Low switching costs and the availability of many subs+tutes for Tropicana Orange Juice indicates what in a Porters analysis? a. Power of buyers is high b. Power of suppliers is high c. Power of suppliers is low d. Power of buyers is low
|
Identify the effect on the market for coal and mention
: In each case below, please identify the effect on the market for coal and mention briefly the mechanism yielding to this effect.
|
Suppose there is a five per cent increase in the prices
: Suppose there is a five per cent increase in the prices of SUVs, salt, and rental apartments. Explain whether you think the income effect in each case would be small, large, and why.
|
Running low on cash and could not buy his marketing textbook
: Robert was running low on cash and could not buy his Marketing textbook by the first day of class if the bookstore did not accept his credit card. Luckily, the bookstore accepted his VISA card, so the bookstore created __________ utility for Robert.
|
Eastern data links corporation entered
: Nov. 15 Issued 380,000 of its common shares in exchange for equipment forwhich the cash price was known to be $3,688,000.
|
What is the current profit and loss situation
: Billy purchased five May feeder cattle contracts on January 25th at $157.625 per hundredweight. May feeder cattle contracts are currently trading at $148.55 per hundredweight. A commission was charged of $25 per contract. What is the current profit/l..
|
Why does the supply curve slope upward
: Explain the law of supply. Why does the supply curve slope upward? How is the market supply curve derived from the supply curves of individual producers?
|
More sovereignty with an increase in state responsibility
: What are some of the benefits of greater National Government authority as opposed to allowing states more sovereignty with an increase in state responsibility? Think about issues like federal health care mandates for states' citizens or immigration l..
|
Isys254 – applications modelling and development
: Analysis and Modelling: Second Deliverable, Describe suitable techniques for gathering requirements (e.g. surveys, interviews, JAD, user stories, etc) appropriate to the problem you are trying to solve. Say why you suggested those (and ..
|