Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
Solution :
Tarrant Corporations
First of all let us prepare the Journal Entries
1. Cash (7000 x 38) 266,000
Common stock (7000 x 19) 133,000
Paid in capital in excess of stated value
common stock (7000 x 19) 133,000
2. Cash (2600 x 43) 111,800
common stock (2600 x 19) 49400
Paid in capital in excess of stated value
Common stock (2600 x 24) 62400
3. Income summary 7000
Retained earing 7000
Tarrant corporation
Balance sheet - shareholder's section
Share holder's equity
Contributed capital
$ 19 par, issued and outstanding 9600 shares = 182400
Paid in capital in excess of par 196800
Total contributed capital 379200
Retained earnings 7200
Total shareholder's equity 372,000
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.
In how many ways can 8 books be arranged on a shelf?
A.
8 ways
B.
64 ways
C.
256 ways
D.
40,320 ways