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 427 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 top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Countercurrent heat exchange in dolphin flippers promotes conservation of body heat. Countercurrent heat exchange in dolphin flippers promotes conservation of body heat.
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
Some common eye disorders. (B) Cataract of right eye. (C) Stye. Some common eye disorders. (B) Cataract of right eye. (C) Stye.
Water shortages, reduced agricultural capacity & coastal inundation are common themes Water shortages, reduced agricultural capacity & coastal inundation are common themes
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Common Characteristics of the Inheritance of Autosomal Common Characteristics of the Inheritance of Autosomal
Video: Haustral churning, Gastrocolic reflex and mass peristalsis & Defecation

For a complete list of videos, visit our video library