Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. freya, inc., issued for $76 per share 5,000 shares

Freya, Inc., issued for $76 per share 5,000 shares of $40 par value common stock....

80.2K

Verified Solution

Question

Accounting

image

Freya, Inc., issued for $76 per share 5,000 shares of $40 par value common stock. The journal entry to record this transaction is: A) Cash 380,000 Common Stock 380,000 B) Cash 380,000 Common Stock 200,000 180,000 Additional Paid-in capital C) Cash 380,000 Common Stock 200,000 Retained Earnings 180,000 D) Cash 380,000 Common Stock 200,000 Gain on Sale of Stock 180,000

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is the difference between the pulmonary trunk and pulmonary valve in terms of function? Please...

Medical Sciences
Q

subject name Materials and processes in manufacturing 1) The properties of a material are related to the __________...

Mechanical Engineering
Q

1. (3 pts.) Of the following alternatives, which is the best measure of the economic satisfaction...

Economics
Q

Consider a polynomial function whose equation is f x x x 2 x 1 a...

Geometry
Q

The questions below are posed in order to help you think about how to find...

Geometry
Q

Find d dx 6 Type In x for the natural logarithm function Pho RON 10...

Calculus
Q

6 Given the formula M r solve for r O T Or O r 8T...

Algebra
Q

Select all of the following statements that are true four years from now, in the...

Accounting
Q

Hawkins Corporation began construction of a motel on March 31, 2016. The project was completed...

Accounting
Q

Value under the proposed restructuring plan (DCF) Years Ended December 31 At Closing...

Finance
Q

HA02 " "

Accounting
Q

How does the clock keep them from clocking in when they are not supposed to?...

Finance