On March 10, Blarney Corporation issued for cash 10,000 shares of no-par common stock at $40. The

Fantastic news! We've Found the answer you've been seeking!

Question:

On March 10, Blarney Corporation issued for cash 10,000 shares of no-par common stock at $40. The journal entry to record this transaction would include a . debit to Cash for $10,000 credit

Related Book For answer-question

Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

See More Books

Posted Date: Apr 22, 2024 07:32 AM

See More Questions

AC Corporations: Dividends, Retained Earnings, and Income Reporting 56. ABC, Inc. has 1,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock...
Tommy's batting average this season is 0.275. This means that he had a hit in 27.5% of his at-bats. If Tommy had 11 hits so far this season, How many at-bats has he had?
TranscribedText: Selected transactions for Ivanhoe Ltd. during its first month of operations are presented below: Mar. 2 Issued commonshares for $11,500 cash. 4 Purchased used car for $1,900 cash and...
What is the importance of collecting and interpreting data and information about competitors? What practices should a firm use to gather competitor intelligence and why?
The vehicle Rover has been designed for maneuvering at 0.25 mph over Martian terrain. Because Mars is 189 million miles from Earth and it would take up to 40 minutes each way to communicate with...
Many public companies disclose alternative, non-GAAP earnings measures. Unlike GAAP measures such as operating income, earnings before taxes, or net income reported on the face of the income...
Complete the requirements for each of the following independent cases: Case A. Dr Pepper Snapple Group, Inc., is a leading integrated brand owner, bottler, and distributor of nonalcoholic beverages...
The dividend policy of companies varies to meet the circumstances of each firm and it's shareholders. Explain at least three (3) factors that a firm should consider in determining its dividend policy...
You have exams in economics and chemistry coming up, and you have 5 hours available for studying. The following table shows the trade-offs you face in allocating the time you will spend studying each...
Describe the Octet Rule in your own words
Johnny purchased $5,000 of Zenith Manufacturing common stock when it was selling for $125 per share. Today, which is one year after he purchased Zenith, Johnny sold the stock for $135. During the...
Find Fortune Magazine and 2023's Most Admired Companies list. Give a brief overview of each and analyze which stakeholder group(s) do you think have earned them this ranking? Explain. Each original...
Business Law - President Clinton Impeachment Case Taskmake Opening Statement for Defense Side - Defend for President Clinton Should also include the witness and evidence and what they would be prove...
Using the semi-annually compounded yield curve below, price the following securities: Calculate for a 5 year zero-coupon bond T yield 0.25 6.33% 0.50 6.49% 0.75 6.62% 1.00 6.71% 1.25 6.79% 1.50 6.84%...
1. When we are talking about Industry 4.0, society understands that industry more integrated and supply chain will more effectively to help industry 4.0. Please find an example of industry 4.0 in...
a. What is the difference between equal pay for equal work and equal pay for comparable worth? b. How is it possible to establish a claim for equal pay for comparable worth if the jobs are different...
Use the following data to answer the next two (2) questions: Product 1 Product 2 Product 3 Direct Material Cost $25,000 $30,000 $35,000 Direct Labor Cost $30,000 $40,000 $50,000 Direct Labor Hours...
A 1.5 V D-cell battery is rated at $15,000 \mathrm{~mA} \cdot \mathrm{h}$. For how long could such a battery power a flashlight bulb rated at $1.5 \mathrm{~W}$ ?
Assume instead that the spot exchange rate between the dollar and Swiss franc is a fixed or pegged rate within a narrow band around a central rate. For each change shown in Problem 9, assume that...
You are an analyst following a medium-sized country that has a fixed exchange rate of 5 dinars per U.S. dollar (with a band of 2 percent above and below this par value). During March of last year you...

On March 10, Blarney Corporation issued for cash 10,000 shares of no-par common stock at $40. The

Question:

Expert Answer:

Based on the description provided the journal entry to record Bl... View the full answer

Financial accounting

Students also viewed these finance questions