Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bramble corp. issued 1.500 shares of stock. prepar

Bramble Corp. issued 1.500 shares of stock. Prepare the entry for the issuance under the...

80.2K

Verified Solution

Question

Accounting

image
Bramble Corp. issued 1.500 shares of stock. Prepare the entry for the issuance under the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) (a) (b) The stock had a par value of $5 per share and was issued for a total of 548,000. The stock had a stated value of $5 per share and was issued for a total of $48,000 The stock had no par or stated value and was issued for a total of $48,000 The stock had a par value of $5 per share and was issued to attorneys for services provided during incorporation valued at (c) (d) $48.000 le) The stock had a par value of $5 per share and was issued for land worth $48,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

f x 4x12x 5 a Express fin standard form f x b Find the vertex...

Medical Sciences
1.2K views

A distance runner tears a tendon and cannot continue to be competitive. The now former runner...

Electrical Engineering
1.2K views

You are given the roots of a polynomial as: x1 = 3 x2 = -1+j5 x3...

Basic Math
1.2K views

In a study of texting speed, 45 adults aged 18-22 were randomly chosen. Each person was...

Physics
1.2K views

Suppose that you tercept 5 0 10 3 of the energy radiated by a hot...

Basic Math
1.2K views

If Biff wins the lotto then he will not buy a used car.If Biff buys...

Basic Math
1.2K views

Find dy/dx by implicit differentiation.4xy + 4yx = -8dy/dx =

Algebra
1.2K views

One leg of a right triangle is 2 millimeters longer than the shorter leg and...

Accounting
1.2K views

How much of the account inquiry cost will be assigned to department A? ...

Accounting
1.2K views

To calculate a predetermined overhead rate, divide estimated total manufacturing overhead by the O estimated...

Accounting
1.2K views

The first audit of the books of Vaughn Company was made for the year ended...

Finance
1.2K views

A firm is considering replacing the existing industrial air conditioning unit. They will pick one...