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Rowan College SSOUTH JERSEY eragmen -Gonge Decs * Couse Home apenvellum.ecolege. MyLab Math SPRING 2020 COLLEGE ALGEBRA 0001 Course Home y Courses Eoure Mome SPRING 2020 COLLEGE ALGEBRA Assignments Sedy Plan Current Original Plus sepera t Corrections Name: Athanasies Mertis AC-104 13 1. Baird Products Inc. A wholesaler of office products was organized on January 30 of the current year with an authorization of 80,000 shares of 2% preferred stock, $75 and 800,000 shares of $20 common stock. The following transactions were completed during the first year of operations: par Jan. 30 Issued 300,000 shares of common stock at par for cash *V31 Issued 750 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. VFeb 21 Issued 32.000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $150,000, $460.000 and $90,000 respectively March 2 Issued 15,000 shares of preferred stock at $77.50 for cash Journalize the transactions. 142. McCool Corporation wholesales repair products to equipment manufacturers. On April 1, 2010 McCool Corporation issued $30,00,000 of five year 10% bonds at a market (effective) interest rate of 8%, receiving cash of $32,466,500. Interest is payable nril 1 and October 1. Journalize the entries to record the following

Rowan College SSOUTH JERSEY eragmen -Gonge Decs * Couse Home apenvellum.ecolege. MyLab Math SPRING 2020 COLLEGE ALGEBRA 0001 Course Home y Courses Eoure Mome SPRING 2020 COLLEGE ALGEBRA Assignments Sedy Plan Current Original Plus sepera t Corrections Name: Athanasies Mertis AC-104 13 1. Baird Products Inc. A wholesaler of office products was organized on January 30 of the current year with an authorization of 80,000 shares of 2% preferred stock, $75 and 800,000 shares of $20 common stock. The following transactions were completed during the first year of operations: par Jan. 30 Issued 300,000 shares of common stock at par for cash *V31 Issued 750 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. VFeb 21 Issued 32.000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $150,000, $460.000 and $90,000 respectively March 2 Issued 15,000 shares of preferred stock at $77.50 for cash Journalize the transactions. 142. McCool Corporation wholesales repair products to equipment manufacturers. On April 1, 2010 McCool Corporation issued $30,00,000 of five year 10% bonds at a market (effective) interest rate of 8%, receiving cash of $32,466,500. Interest is payable nril 1 and October 1. Journalize the entries to record the following

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Rowan College SSOUTH JERSEY eragmen -Gonge Decs * Couse Home apenvellum.ecolege. MyLab Math SPRING 2020 COLLEGE ALGEBRA 0001 Course Home y Courses Eoure Mome SPRING 2020 COLLEGE ALGEBRA Assignments Sedy Plan Current Original Plus sepera t Corrections Name: Athanasies Mertis AC-104 13 1. Baird Products Inc. A wholesaler of office products was organized on January 30 of the current year with an authorization of 80,000 shares of 2% preferred stock, $75 and 800,000 shares of $20 common stock. The following transactions were completed during the first year of operations: par Jan. 30 Issued 300,000 shares of common stock at par for cash *V31 Issued 750 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. VFeb 21 Issued 32.000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $150,000, $460.000 and $90,000 respectively March 2 Issued 15,000 shares of preferred stock at $77.50 for cash Journalize the transactions. 142. McCool Corporation wholesales repair products to equipment manufacturers. On April 1, 2010 McCool Corporation issued $30,00,000 of five year 10% bonds at a market (effective) interest rate of 8%, receiving cash of $32,466,500. Interest is payable nril 1 and October 1. Journalize the entries to record the following
Transcribed Image Text:Rowan College SSOUTH JERSEY eragmen -Gonge Decs * Couse Home apenvellum.ecolege. MyLab Math SPRING 2020 COLLEGE ALGEBRA 0001 Course Home y Courses Eoure Mome SPRING 2020 COLLEGE ALGEBRA Assignments Sedy Plan Current Original Plus sepera t Corrections Name: Athanasies Mertis AC-104 13 1. Baird Products Inc. A wholesaler of office products was organized on January 30 of the current year with an authorization of 80,000 shares of 2% preferred stock, $75 and 800,000 shares of $20 common stock. The following transactions were completed during the first year of operations: par Jan. 30 Issued 300,000 shares of common stock at par for cash *V31 Issued 750 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. VFeb 21 Issued 32.000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $150,000, $460.000 and $90,000 respectively March 2 Issued 15,000 shares of preferred stock at $77.50 for cash Journalize the transactions. 142. McCool Corporation wholesales repair products to equipment manufacturers. On April 1, 2010 McCool Corporation issued $30,00,000 of five year 10% bonds at a market (effective) interest rate of 8%, receiving cash of $32,466,500. Interest is payable nril 1 and October 1. Journalize the entries to record the following
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