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

Author Question: Vest, Inc received cash from selling 100 shares of its 1 par value common stock at 10 per share. ... (Read 200 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
on: Jul 5, 2018
Vest, Inc received cash from selling 100 shares of its 1 par value common stock at 10 per share. Show the effect of issuing stock on the accounting equation, including both account titles and amounts.
 
  Shareholders' equity
  Assets Liabilities Contributed capital Retained earnings
 
  What will be an ideal response?

Question 2

Special discounts from list prices, granted by manufacturers to different classes of customers, are known as
 a. cash discounts.
   b. trade discounts.
   c. manufacturers' discount.
   d. customers' discounts.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ju

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jul 5, 2018
Answer to Question 1

Shareholders' equity
Assets Liabilities Contributed capital Retained earnings
1,000 cash 100 common stock
900 additional paid-in capital

Answer to Question 2

b


gbarreiro

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: Jul 5, 2018
Thank you


ju

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: Jul 5, 2018
No problemo


« previous next »
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Examples of common forms of strabismus: (A) esotropia with the right eye turning inward and (B) exot Examples of common forms of strabismus: (A) esotropia with the right eye turning inward and (B) exot
Normal Faults Common at divergent plate boundaries Normal Faults Common at divergent plate boundaries
Common Household Measures Common Household Measures
Common warts. Common warts.
Effects of Common Herbs in Spa Treatments Effects of Common Herbs in Spa Treatments
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Conjunctivitis

For a complete list of videos, visit our video library