accounting

Description

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Question

"Comprehensive Problem 4 Part 1: Selected transactions completed by Everyday Products Inc. during the fiscal year ending December 31, 2012, were as follows: 1. Journalize the selected transactions. If no entry is required, select ""No Entry Required"" from the dropdown and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Issued 12,500 shares of $25 par common stock at $32, receiving cash. Description Debit Credit _________________ _________________ . _________________ _________________ _________________ _________________ _________________ _________________ _________________ b. Issued 2,000 shares of $100 par preferred 5% stock at $105, receiving cash. Description Debit Credit _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ c. Issued $400,000 of 10-year, 6% bonds at 105, with interest payable semiannually. Description Debit Credit _________________ _________________ _________________"

 

Solution ID:565828 | This paper was updated on 26-Nov-2015

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