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

Author Question: Mockingjay, Inc. issued 2,000 shares of $14 par common stock in exchange for a truck with a current ... (Read 129 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
on: Feb 18, 2020
Mockingjay, Inc. issued 2,000 shares of $14 par common stock in exchange for a truck with a current market value of $45,000. Which of the following is NOT part of the journal entry for this transaction?
◦ Crediting Common Stock for $28,000
◦ Crediting paid-in capital in excess of par-common for $17,000
◦ Crediting Common Stock for $45,000
◦ Debiting equipment for $45,000
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 jayhills49 on Feb 18, 2020

bbburns21

  • Sr. Member
  • ****
  • Posts: 336
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


jayhills49

  • Member
  • Posts: 559
Reply 2 on: Feb 18, 2020
Excellent

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Common invasive species in the Adelaide Hills: Olive, Artichoke thistle, Fennel and Bamboo Common invasive species in the Adelaide Hills: Olive, Artichoke thistle, Fennel and Bamboo
Common Speedwell Common Speedwell
Models of some representative proteins drawn to a common scale Models of some representative proteins drawn to a common scale
Common skin signs are often evidence of an illness or disorder. A macule is a discolored spot on the ... Common skin signs are often evidence of an illness or disorder. A macule is a discolored spot on the ...
Common Health Problems Requiring Rehabilitation Common Health Problems Requiring Rehabilitation
Common Suffixes Cont. Common Suffixes Cont.
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library