ACCT 212 Week 7 Quiz

Question: If a company issues 8,000 shares of $5 per value common stock for $88,000, the journal entry would include a credit to: Question: … corporation issues 9,000 shares of $1 per value common stock for $12,000, the journal entry would include a credit to: Question: Kunze Corporation has $1 par value Common Stock with 100,000 shares authorized and 25,000 shares issued. The journal entry to record Kunze’s purchase of 5,000 shares of common stock at $5 per share would be: Question: On De...

If a company issues 8,000 shares of $5 per value common stock for $88,000, the journal entry would include a credit to: Question: … corporation issues 9,000 shares of $1 per value common stock for $12,000, the journal entry would include a credit to: Question: Kunze Corporation has $1 par value Common Stock with 100,000 shares authorized and 25,000 shares issued. The journal entry to record Kunze’s purchase of 5,000 shares of common stock at $5 per share would be: Question: On December 31 ...