Time Rem Quiz 7 of 10 (6 complete) 13,000 shares of common stock. During a two-m

Question

Time Rem Quiz 7 of 10 (6 complete) 13,000 shares of common stock. During a two-month period, Pinkerton completed these stock-issuance transactions: ons.) has a halance Data Table Mar Apr 23 Issued 3,000 shares of $6.00 par common stock for cash of $15.50 per share. 12 Received inventory with a market value of $20.000 and equipment with market value of $39,000 for 3,100 shares of the $6.00 par common stock Print Done 12. Journal Entry ber in the input fields and then continue to the next question. MacBook Air

Explanation / Answer

2.

Journal Entry Date Accounts Debit Credit Mar 23 Cash 46500 Common stock 18000 Paid-in Capital in excess of Par – Common 28500 Ápl 12 Inventory 20000 Equipment 39000 Common stock 18600 Paid-in Capital in excess of Par – Common 40400

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