Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. entries for issuing par stock on october 31, legac

Entries for Issuing Par Stock On October 31, Legacy Rocks Inc., a marble contractor, issued...

90.2K

Verified Solution

Question

Accounting

image
image
Entries for Issuing Par Stock On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 400,000 shares of $10 par common stock at $18, and on November 19, issued for cash 50,000 shares of preferred stock, $75 par at $80. a. Journalize the entries for October 31 and November 19 For a compound transaction, if an amount box does not require an entry, leave it blank. Oct. 31 Nov. 19 b Winat s the total amount invested (tetal ald iny On April 5, Fenning Corporation, a wholesaler of hydraulic Journalize the entry to record the transaction

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Assume you are conducting a parking study in your University. You need to explain the processes/tasks...

Civil Engineering
Q

How much of a gravitational redshift should you expect for a spectral line of the Sun...

Physics
Q

Expatiate on the duties of the seller to the buyer in a contract for sale of...

General Management
Q

show that if I is uncountable,then 2I is not metrizable. hint: Suppose I as index set.

Advance Math
Q

Which functions are controlled through the autonomic nervous system 1 blood pressure 2 heart rate...

Biology
Q

The image below shows some line segments that are chords and some segments that are...

Geometry
Q

population is 5000 Find an expression for the number of bacteria after t hours OP...

Calculus
Q

Not affecting owner's equity Owner's drawings Not affecting owner's equity Expense Revenue Owner's...

Accounting
Q

The Knife Store (KS) operates in the local market of Springfield, Illinois. (KS) produces...

Accounting
Q

On January 2, 2015, Alvarez Company purchased an electroplating machine to help manufacture a part...

Accounting
Q

TOUPI has calculated its closing inventory for year ended 31 July 2018 at 56,900. Included...

Accounting
Q

Sunland Company reported net income of $194,300 for 2022. Sunland also reported depreciation expense of...

Accounting