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

Author Question: Piper, Inc. issued 400 shares of $9 par common stock in exchange for a piece of equipment with a ... (Read 50 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
on: Feb 18, 2020
Piper, Inc. issued 400 shares of $9 par common stock in exchange for a piece of equipment with a current market value of $5,000. Which of the following is NOT part of the journal entry for this transaction?
◦ Crediting Common Stock for $5,000
◦ Crediting Common Stock for $3,600
◦ Crediting paid-in capital in excess of par-common for $1,400
◦ Debiting equipment for $5,000
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 Pineappleeh on Feb 18, 2020

sultana.d

  • Sr. Member
  • ****
  • Posts: 320
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 58% of students answer this correctly


Pineappleeh

  • Member
  • Posts: 585
Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

(a) Zombies are a common theme in movies. However, (b) the number of zombie movies released each yea (a) Zombies are a common theme in movies. However, (b) the number of zombie movies released each yea
A skeletal mount of an African Lion attacking a Common Eland on display at The Museum of Osteology, A skeletal mount of an African Lion attacking a Common Eland on display at The Museum of Osteology,
Scoliometer and Its Use, Equipment Scoliometer and Its Use, Equipment
Adenosine triphosphate (ATP) is the most common molecule used by cells to captur Adenosine triphosphate (ATP) is the most common molecule used by cells to captur
Summary of Common Probability Distributions Summary of Common Probability Distributions
This ciliated protozoan is a Stentor. Stentor are common in freshwater lakes and rivers This ciliated protozoan is a Stentor. Stentor are common in freshwater lakes and rivers
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library