subject
Business, 25.12.2019 18:31 chuyyoshy092714

Cash and noncash share issuances chavoy corporation was organized on july 1. the company's charter authorizes 100,000 shares of $10 par value common stock. on august 1, the attorney who organize the corporation accepted 800 shares of chavoy common stock in settlement for the services provided (the services were valued at $9,800). on august 15, chavoy issued 5,000 common shares for $77,000 cash. on october 15, chavoy issued 3,000 common shares to acquire a vacant land site appraised at $50,000. prepare the journal entries to record the stock issuances on august 1, august 15, and october 15.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 16:30
Suppose the number of firms you compete with has recently increased. you estimated that as a result of the increased competition, the demand elasticity has increased from –2 to –3 (i.e., you face more elastic demand). you are currently charging $10 for your product. what is the price that you should charge if demand elasticity is -3?
Answers: 3
question
Business, 22.06.2019 03:10
Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work
Answers: 3
question
Business, 22.06.2019 11:30
What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?
Answers: 1
question
Business, 22.06.2019 17:00
Zeta corporation is a manufacturer of sports caps, which require soft fabric. the standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. during the month of january, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. what is zeta corporation's materials price variance for the month of january?
Answers: 2
You know the right answer?
Cash and noncash share issuances chavoy corporation was organized on july 1. the company's charter a...
Questions
question
Mathematics, 24.01.2022 23:50
question
Mathematics, 24.01.2022 23:50
Questions on the website: 13722359