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Question - Entries for Issuing Par Stock - On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 100,000 shares of $8 par common stock at $10, and on November 19, it issued for cash 30,000 shares of $8 par preferred stock at $27.
Required -
a. Journalize the entries for October 31 and November 19.
b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?
Piper, age 69, is single, and had $50,000 in salary for the current year. She also received Social Security benefits of $10,000. What percent of her Social.
Following is the current balance sheet for a local partnership of doctors: Cash and current assets $ 50,000Liabilities $ 90,000 Land 290,000 A, capital 70,000 Building and equipment (net) 220,000 B, capital 90,000 C, capital 140,000 D, capital 170,00..
given the importance of proper system development what role should an accountant take in a development project? what
On June 10, Pais Company purchased $9,000 of merchandise from McGiver Company, terms 3/10, n/30. Pais pays the freight costs of $400 on June 11.
Why do people pull back from self-disclosure?
What fraction of your payments went to reducing the principal? What is the total amount you have paid the lender by the time you sell the house?
Explain the differences between process costing and job-order costing. Explain the differences between actual costing and normal costing
Two of the mixers sold in 2021 are returned for repair in 2021. Calculate Cookie Creations' warranty liability for the shipping costs at December 31, 2020
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The partnership statement of profit or loss for the year to 31 December shows a net profit of $28,595, Calculate the balance of Michael current account
expected sales for next year for the huxtable division is 150000 units. bill cosby manager of the huxtable division is
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