What is the journal entry to record this transaction

Assignment Help Financial Accounting
Reference no: EM132923088

Question - A corporation issued 5,000 shares of its $1 par value common stock in exchange for land (market value $30,000) and a building (market value of $100,000). What is the journal entry to record this transaction?

Reference no: EM132923088

Questions Cloud

Journalize the business transactions : Question - Journalize the following business transactions in general journal form. Identify each transaction by number
Define health care marketing : Define health care marketing. Summarize your understanding of the evolving health care market.
Determine cost of goods sold for September : Assuming that CNB uses a periodic inventory system and employs the average cost method, determine cost of goods sold for September
Describe online business : Describe the online business. Discuss the problem your business is trying to solve. Identify your target market and the customer profile
What is the journal entry to record this transaction : A corporation issued 5,000 shares of its $1 par value common stock in exchange for land. What is the journal entry to record this transaction
How nurses can contribute to the reduction in heart disease : Regarding the above statement state how nurses can contribute to the reduction in heart disease. Provide example to support your statement.
How nurses can contribute to the reduction in saids : How nurses can contribute to the reduction in SAIDS through client education and direct nursing care. Provide example of both.
Determine the density capacity of the room : Determine how long it would take to evacuate the roomfollowing a fire. Using UK LPC (Loss Prevention Council)grade 2 guidance dance floor
What should done to prevent problem from occuring : Conduct a literature search and provide an example of an ethical violation or research misconduct. Describe the event, supply the reference

Reviews

Write a Review

Financial Accounting Questions & Answers

  Column headings and compute depreciation for each year

A machine costing $257,500 with a four-year life and an estimated $20,000 salvage value is installed in Luther Company’s factory on January 1. The factory manager estimates the machine will produce 475,000 units of product during its life. Prepare a ..

  What is equity investments and debt investments

Prepare the journal entry at the date. Define equity investments and debt investments and explain which investment is better for the firm in the long-run.

  What is pv of debt if manager decides to invest in project

What is PV of debt if manager decides to invest in the project? What is PV of debt if manager decides NOT to invest in the project but put 10 cash

  Find confidence interval for the population mean score

It is known that the reading ability scores are normally distributed. A 90% confidence interval for the population mean score based on these data is

  What is the payback period on the investment

What is the NPV of the investment when the cost of capital is 8%? 10%? What is the IRR of the investment? (Enter your answer as a whole percent.)

  What is the bond capital gain or loss yield

What is the bond's capital gain or loss yield? A 10-year, 12% semiannual coupon bond with a par value of $1,000 may be called in 4years

  Determine and recompute trws taxable income

Determine and Recompute TRW's taxable income for 2020 through 2025 after its allowable net operating loss deduction. TRW Inc. began business in 2018

  What amount must place in the bank each month

You wish to make a down payment on a house, At 6% interest annual, what amount must you place in the bank each month to accumulate the $50,000?

  Compute contribution margin for the company

Reliance Corporation sold 4,900 units of its product at a price of $24 per unit. Total variable cost per unit is $13.00, consisting of $12.25 in variable production cost and 0.75 in variable selling and administrative cost. Compute contribution margi..

  What monthly payment must make to pay off the account

What monthly payment must he make to pay off the account at the end of 2 years? A new employee charged $5170 on his credit card to relocate.

  Calculate the cash amount and the interest expense

Sanford Co. sells $500,000 of 10% bonds on March 1, 2020. How can calculate the cash amount and the Interest expense amount ?

  Compute the contribution margin ratio for the mailboxes

Compute the contribution margin ratio for the mailboxes. How much revenue must Doerhing earn in order to break even?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd