Brief Exercise 13-05 Pronghorn Inc.’s $11 par value common stock is actively traded at a market price of $14 per share. Pronghorn issues 5,900 shares to purchase land advertised for sale at $77,000. Journalize the issuance of the stock in acquiring the land

Explanation:

The journal entry for issuance of the stock for acquiring the land is shown below:

Land A/c Dr   $82,600               (5,900 shares × $14 per share)

       To Common stock A/c $64900           (5,900 shares × $11 per share)

       To Additional paid-in capital in excess of par - Common stock A/c $17,700             (5,900 shares × $3 per share)

(Being the issuance of the stock for acquiring the land is recorded)

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

b $274.07

step-by-step explanation:

you just devide 222 by 0.81