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 515 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?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Common locations of venous thrombosis. (A) The most common sites of deep vein thrombosis. (B) DVT ex Common locations of venous thrombosis. (A) The most common sites of deep vein thrombosis. (B) DVT ex
A Listing of the Expected Electron Configurations for Some of the Common Elementsa A Listing of the Expected Electron Configurations for Some of the Common Elementsa
Common Prefixes Used to Name Tumors Common Prefixes Used to Name Tumors
Common Abbreviations and Symbols Used by Massage Therapists Cont Common Abbreviations and Symbols Used by Massage Therapists Cont
Effects of Common Herbs in Spa Treatments Effects of Common Herbs in Spa Treatments
Politics, Power and the Common Good: An Introduction to Political Science, 5/E Politics, Power and the Common Good: An Introduction to Political Science, 5/E
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library