MAKE ENTRY FOR THE FOLLOWING TRANSACTION.The company was organized and capital stocks are issued for cash, $100,000.
A: Cash in Bank 100,000Capital Stock 100,000
B: Capital Stock 100,000Cash 100,000
C: Cash in Bank 50,000Capital Stock 100,000
D: Cash in Bank 100,000Capital Stock 50,000
A: Cash in Bank 100,000Capital Stock 100,000
B: Capital Stock 100,000Cash 100,000
C: Cash in Bank 50,000Capital Stock 100,000
D: Cash in Bank 100,000Capital Stock 50,000
举一反三
- MAKE ENTRY FOR THE FOLLOWING TRANSACTION. The company was organized and capital stocks are issued for cash, $100,000.
- A project has the following projected cash inflows.Year 1 100,000Year 2 125,000Year 3 105,000Working capital is required to be in place at the start of each year equal to 10% of the cash inflow for that year. The cost of capital is 10%.What is the present value of the working capital? A: $ Nil B: $(30,036) C: $(2,735) D: $33,000
- Company A received cash and issued stock to a new stockholder. In recording this transaction:
- A company issued 20,000 shares of its $1 par value ordinary stock for cash. The price is $10 per share. The entry to record this transaction would be: A: Debit Cash $200,000; credit Ordinary Stock $20,000; credit Share Premium, Ordinary Stock $180,000. B: Debit Cash for $200,000; credit Ordinary Stock $200,000 C: Debit Ordinary Stock $20,000; debit Share Premium, Ordinary Stock $180,000; credit Cash $200,000. D: Debit Ordinary Stock $20,000; credit Cash $20,000.
- Company A issued 2,500 shares of its no par ordinary stock for cash. The price is $10 per share. The entry to record this transaction would be: A: Debit Cash $25,000; credit Share Premium in Excess of Par Value $25,000. B: Debit Cash $25,000; credit Ordinary Stock $25,000. C: Debit Ordinary Stock $25,000; credit Cash $25,000. D: Debit Treasury Stock $25,000; credit Cash $25,000.