ake Corporation issued 1,000 shares of stock. - 10416

Solution Posted by
yousafbhutta

yousafbhutta

Rating : (28)C
Solution Detail
Price: $1.50
  • From: Business,
  • Posted on: Mon 28 May, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

 

ake Corporation issued 1,000 shares of stock.

 

Instructions

 

Prepare the entry for the issuance under the following assumptions

 

The stock had a par value of $4 per share and was issued for a total of $46,210. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

 

The stock had a stated value of $4 per share and was issued for a total of $46,210. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

 

The stock had no par or stated value and was issued for a total of $46,210. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

 

The stock had a par value of $4 per share and was issued to attorneys for services during incorporation valued at $46,210. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

 

The stock had a par value of $4 per share and was issued for land worth $46,210. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

 

 

 

Solution Description

 

Please give me your A+++ rating in it and you will get t

Attachments
Exam Question Q.1.docx
Exam Question Q...