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 793 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?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

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?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Common arachnids. Common arachnids.
(A) Common sites for cholelithiasis; (B) a gallbladder specimen with multiple gallstones. (A) Common sites for cholelithiasis; (B) a gallbladder specimen with multiple gallstones.
Colorectal cancer. The most common sites of tumor development are shown. Colorectal cancer. The most common sites of tumor development are shown.
Common pathogens and some infections Common pathogens and some infections
Common Serious Adverse Drug Reactions Common Serious Adverse Drug Reactions
Common Fluoride Products Common Fluoride Products
Video: Electrical changes in the heart

For a complete list of videos, visit our video library