Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 05 Oct 2017 My Price 4.00

Sloth Inc.,


1. On July 7, Sloth Inc., a marble contractor, issued for cash 40,000 shares of $25 par common stock at $40, and on October 20, it issued for cash 15,000 shares of $100 par preferred stock at $120.

 

a. Journalize the entries for July 7 and October 20.

b. What is the total amount invested (total paid-in capital) by all stockholders as of October 20?

2. On August 29, Welch Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 10,000 shares of $15 par common stock with a current market price of $28. Journalize the entry to record the transaction.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 05 Oct 2017 03:10 PM My Price 4.00

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