Business, 17.06.2020 19:57, hernandezbrandon059

When Bunyan Corporation was formed on January 1, the corporate charter provided for 103,800 shares of $7 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 7,670 shares of stock at a price of $23 per share. Which of the following would be included when recording the transaction? a. Debit to Common Stock for $97,200
b. Credit to Paid in Capital in Excess of Par for $98,400
c. Credit to Common Stock for $157,440
d. Debit to Cash for $59,040

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:40, hollycoleman13

Uppose stanley's office supply purchases 50,000 boxes of pens every year. ordering costs are $100 per order and carrying costs are $0.40 per box. moreover, management has determined that the eoq is 5,000 boxes. the vendor now offers a quantity discount of $0.20 per box if the company buys pens in order sizes of 10,000 boxes. determine the before-tax benefit or loss of accepting the quantity discount. (assume the carrying cost remains at $0.40 per box whether or not the discount is taken.)

Answers: 1

continue

Business, 22.06.2019 05:30, person76

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

Answers: 3

continue

Business, 22.06.2019 10:20, rockstargirl9245

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Answers: 1

continue

Business, 22.06.2019 11:00, cranfordjacori

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.

Answers: 2

continue

Do you know the correct answer?

When Bunyan Corporation was formed on January 1, the corporate charter provided for 103,800 shares o...