This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Grayson's Guitars issued 50 shares of $14 par common stock in exchange for a piece of equipment with ... (Read 430 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
on: Feb 18, 2020
Grayson's Guitars issued 50 shares of $14 par common stock in exchange for a piece of equipment with a current market value of $1,000. Which of the following is NOT part of the journal entry for this transaction?
◦ Crediting Common Stock for $700
◦ Debiting equipment for $1,000
◦ Debiting equipment for $700
◦ Crediting paid-in capital in excess of par-common for $300
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Tazate on Feb 18, 2020

chereeb

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


Cristescu Edward

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Jun 5, 2020
thank you!


Nebbie Walelign

  • Newbie
  • *
  • Posts: 1
Reply #3 on: Nov 17, 2020
thank you


« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Everyone has one nostril that is larger than the other.

Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
The nucleotide cyclic AMP (cAMP), a common messenger molecule. The nucleotide cyclic AMP (cAMP), a common messenger molecule.
A culex tarsalis mosquito, a common vector of the spread of West Nile virus. A culex tarsalis mosquito, a common vector of the spread of West Nile virus.
Summary of Drug Action: Common Routes of Administration Summary of Drug Action: Common Routes of Administration
Common Bipolar Disorder Medications Common Bipolar Disorder Medications
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Power Supply Polyacrylamide Gel Protein Sample

For a complete list of videos, visit our video library