Which of the following is the correct joumal entry to record the issuance of a OR 100,000 face value bond at 105 Select one: A Dr. Bonds payable Cr. Cash 95,000 95,000 B. Dr. Cash 105,000 Cr. Premium on bonds payable Bonds payable 5,000 100,000 C. Dr. Cash 105,000 Cr. Bonds payable 105,000 D. Dr. Cash 100,000 Discount on bonds payable Cr. Bonds payable 5,000 105,000 Zaki Foods has 8,000 shares of OR 2 par common stock outstanding, which was issued at OR 4 per share. How much is Zaki's Total stockholders' equity? Select one: A. OR 120,000 B. OR 32,000 C. OR 206,000 D. OR 16,000
Which of the following is the correct joumal entry to record the issuance of a OR 100,000 face value bond at 105 Select one: A Dr. Bonds payable Cr. Cash 95,000 95,000 B. Dr. Cash 105,000 Cr. Premium on bonds payable Bonds payable 5,000 100,000 C. Dr. Cash 105,000 Cr. Bonds payable 105,000 D. Dr. Cash 100,000 Discount on bonds payable Cr. Bonds payable 5,000 105,000 Zaki Foods has 8,000 shares of OR 2 par common stock outstanding, which was issued at OR 4 per share. How much is Zaki's Total stockholders' equity? Select one: A. OR 120,000 B. OR 32,000 C. OR 206,000 D. OR 16,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Which of the following is the correct joumal entry to record the issuance of a OR 100,000 face value bond at 105
Select one:
A Dr. Bonds payable
Cr. Cash
95,000
95,000
B. Dr. Cash
105,000
Cr. Premium on bonds payable
Bonds payable
5,000
100,000
C. Dr. Cash
105,000
Cr. Bonds payable
105,000
D. Dr. Cash
100,000
Discount on bonds payable
Cr. Bonds payable
5,000
105,000
Transcribed Image Text:Zaki Foods has 8,000 shares of OR 2 par common stock outstanding, which was issued at OR 4 per share. How much is Zaki's
Total stockholders' equity?
Select one:
A. OR 120,000
B. OR 32,000
C. OR 206,000
D. OR 16,000
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