ACCT 10161A Fal 2017 Joniec Homework: Chapter 10 Problem Assignment Score: 0 of

Question

ACCT 10161A Fal 2017 Joniec Homework: Chapter 10 Problem Assignment Score: 0 of 15 pts HW Score: 28 85%, 865 of 30 pl P10-72A (similar to) The partners whe own Picanse Rats wished to void the urlimted personal Sablity of the partnershig fom of buasiness e they incporaled as Picarao Rets, Inc The cha ECick the icon to view the transactions.) Read the tequtomenb Mar 6 Isand 200 shares of comeon stock to the promoter for assistance with isssance ef the commen stock The prometional foe was 54000 Journal Entbry Accounts Date Debi Credit Mar

Explanation / Answer

Journal entry ;

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Date accounts Debit credit mar 6 Organisation expenses 4800 Common stock a/c (200*2) 400 Paid in capital in excess of par value-common stock 4400 (To record common stock)

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