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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
C-Cell Wireless needed additional capital to? expand, so the business incorporated. The charter from the state of Georgia authorizes C- Cell to issue 50,000 shares of 7%?,?$100 par value cumulative preferred? stock, 120,000 shares of? $3 par value common stock. During the first? month C-Cell completed the following? transactions
| 1. | Record the transactions in the general journal. |
|
 2. |
Prepare the? stockholders' equity section ofUpper C minus CellC-Cell?'sbalance sheet atOctoberOctober3131?,20142014.AssumeUpper C minus CellC-Cell?'snet income for the month was$ 93 comma 000$93,000. |
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