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 284 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?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

The four common causes for cerebrovascular accidents. The four common causes for cerebrovascular accidents.
Common physiological changes with aging Common physiological changes with aging
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Common Ancestors Common Ancestors
How many carboxylic acids and esters share the molecular formula C2H4O2? How many carboxylic acids and esters share the molecular formula C2H4O2?
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library