Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. robin inc. issues 10,000 shares of $1 par value co

Robin Inc. issues 10,000 shares of $1 par value common stock for $7 per share....

80.2K

Verified Solution

Question

Accounting

Robin Inc. issues 10,000 shares of $1 par value common stock for $7 per share. How would the below accounts be treated in the journal entry to record this transaction (if it is included at all)
image
Additional Paid in Capital in Excess of Par (Common Stock)

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

Finance
1.2K views

12. Given the following information about the returns of stocks A, B, and C, what is...

Finance
1.2K views

A company is considering a 5-year project that opens a new product line and requires an...

Biology
1.2K views

Suppose you cross a pea plant that is homozygous dominant for purple flowers FF with...

Physics
1.2K views

ample 5 10 m The volume of the air bubble increases by 10 when it...

Physics
1.2K views

A body of mass m kg starts falling from a point 2R above the earth...

Basic Math
1.2K views

Find the average rate of change of f(x)=x+3x+1 from x=-4 to x= 1.Simplify your answer...

Basic Math
1.2K views

In the diagram below MN is parallel to JK If MN is 3 more than...

Basic Math
1.2K views

A certain radioactive element has a half-life of 35 days. If you had a 100...

Algebra
1.2K views

Which answer describes the transformation of the solid parabol to the dashed parabola Select one...

Accounting
1.2K views

The Casings Plant of Wyoming Machines makes plastics shells for the companys calculators. (Each calculator...

Accounting
1.2K views

Determine the equivalent units of production for materials and conversion costs for the Formulation Department...

Accounting
1.2K views

if the physical count of inventory revealed $158,000 of merchandise on hand and the inventory...