Solved: South beach apparel issued 14000 shares of 3 par value for, Accounting Basics

+44 141 628 6080
[email protected]

South beach apparel issued 14000 shares of 3 par value for

South Beach Apparel issued 14,000 shares of $3 par value for $15 per share. What is true about the journal entry to record the issuance?

Credit Common Stock $210,000
Credit Cash $210,000
Debit Common Stock $42,000
Credit Additional Paid-In Capital $168,000

Solution Preview :

Prepared by a verified Expert

Accounting Basics: South beach apparel issued 14000 shares of 3 par value for

Reference No:- TGS02577782

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Investigate the cause of the recent werewolf attacks

create a temporary committee to investigate the cause of the recent werewolf attacks in major cities throughout the United States.

Describe marxist theory and psychology of addiction

Compare the Marxist Theory and Psychology of Addiction with the Realistic Theory and psychology of Addition.

Explain framers decisions in creating the constitution

Explain how the Articles of Confederation made the above scenario possible. Describe how this scenario influenced the framers' decisions in creating the Constit

Federal bureaucracy has to put up with a lot of red tape

Question: The Federal Bureaucracy has to put up with a lot of "red tape". What is "red tape" in regards to government?

What power of recognition when it comes to office president

Question: What is "power of recognition" when it comes to the office of the president? Question Select one

What right ordinance power give to the president

Question: What right does the Ordinance Power give to the president? Question Select one:

Analyze leadership of organization during particular event

Analyze leadership of an organization during a particular event or across a defined set of events. The assignment will assess your ability to identify

Solution Preview :

Prepared by a verified Expert

Accounting Basics: South beach apparel issued 14000 shares of 3 par value for

Reference No:- TGS02577782

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Question - correction of errors determine corrected net

Q : Generate net cash inflows of 20000 per year in each of the

Q : Identify the key issues that the organisation or sbu faces

Q : Determine a companys culture what is the companys mission

Q : South beach apparel issued 14000 shares of 3 par value for

Q : Determine the expression for the relative amplitude of the

Q : Under the operating method what should be the income before

Q : What was the capital gain of the tips in dollars do not

Q : Create a small script to use rawinput built-in function to