FINANCIAL ACCOUNTING FUND. W/CONNECT
FINANCIAL ACCOUNTING FUND. W/CONNECT
5th Edition
ISBN: 9781259693168
Author: Wild
Publisher: MCG
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Chapter 11, Problem 4QS

a.

To determine

Journalize the issue of 63,000 common shares of no-par value at $29 per share, in the books of Company A.

b.

To determine

Journalize the issue of 63,000 common shares of no-par value are exchanged for land at $1,827,000, in the books of Company A.

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Hi expert please give me answer general accounting question
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Jessica's Art Studio, a sole proprietorship, began the year with total assets of $80,000 and total liabilities of $50, 500. During the year, the studio generated $120,000 in revenue and incurred $65, 400 in expenses. Additionally, Jessica withdrew $15,000 for personal use. What is Jessica's capital balance at the end of the year? A) $64, 100 B) $39,600 C) $49, 100 D) $69, 100

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FINANCIAL ACCOUNTING FUND. W/CONNECT

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