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 598 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?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Common ancestry predicts where we should find vestigial limbs Common ancestry predicts where we should find vestigial limbs
Common Speedwell Common Speedwell
Oxygen Equipment 1 Oxygen Equipment 1
Common Abbreviations and Symbols Used by Massage Therapists Cont. Common Abbreviations and Symbols Used by Massage Therapists Cont.
Regeneration of EF-Tu–GTP by Tu–Ts exchange Regeneration of EF-Tu–GTP by Tu–Ts exchange
Equipment Used During the Physical Assessment Equipment Used During the Physical Assessment
Video: Cellular Defects - Osteoblasts, Osteoclasts and Osteocytes

For a complete list of videos, visit our video library