On January 22, Zentric Corporation issued for cash 342,000 shares of no-par common stock at $20. On February 14, Zentric issued at par value 9,000 shares of preferred 6% stock, $80 par for cash. On August 30, Zentric issued for cash 31,000 shares of preferred 6% stock, $80 par at $85. Journalize the entries to record the January 22, February 14, and August 30 transactions. Refer to the Chart of Accounts for exact wording of account titles.

Answers

Answer 1

Answer:

Journal Entries

January 22

Dr. Cash                  $6,840,000  

Cr. Common stock  $6,840,000

February 14

Dr. Cash                  $720,000  

Cr. Preferred stock $720,000

August 30

Dr. Cash                                                                   $2,635,000

Cr. Preferred stock                                                  $2,480,000

Cr. Paid in capital excess of par-Preferred stock $155,000

Explanation:

January 22

Common Stock = Numbers of shares issued x Issue price per share

Common Stock = 342,000 shares x $20

Common Stock = $6,840,000

February 14

Preferred stock = Numbers of preferred shares x Price per preferred share

Preferred stock = 9,000 shares x $80 per share

Preferred stock = $720,000

August 30

Cash Received = Numbers of shares x issuance price = 31,000 x $85 = $2,635,000

Cash Received = Numbers of shares x par value = 31,000 x $80 = $2,480,000

Paid in capital excess of par  = $2,635,000 - $2,480,000 = $155,000


Related Questions

True or False? Conditional formatting in Excel can make it difficult to identify data that satisfy certain conditions in a data set.

Answers

Answer:

False

Explanation:

Conditional formatting is a special feature in excel spreadsheets that allow the application of specific modification to cells that meet certain criteria.
It is most commonly used to highlight color, emphasize text or heading, and differentiate data from information stored in a spreadsheet.

A refrigerator sells for $1,044 on the installment plan. After making a down payment of $100, you pay $59 a month. How many months will it take to pay for the refrigerator?

Answers

Answer:

16 months

Explanation:

Calculating the remaining amount to pay by subtracting the down payment from the installment price:

$1,044 - $100 = $944

The remainder to pay is $944

Calculating the monthly payment by dividing the remainder to be paid by the number of months as shown below

$944 / Number of months = $59

Number of months * $59 = $944

Number of months = $944 / $59

Number of months = 16 months

Which tasks are commonly done by employees in the Energy cluster? Check all that apply.
installing equipment
performing inspections
interpreting technical plans
manufacturing gauges
designing systems
following schedules
gathering information

PLEASE HURRY TIMED TEST I WILL GIVE 20 POINTS

Answers

Installing equipment
Manufacturing gauges
And designing systems.
Hope this helped xxxx

Answer:

a, d, and e

Explanation:

2
3
6
Compare and contrast mediation with arbitration.

Answers

Answer:

See below

Explanation:

Both mediation and arbitration are dispute resolution mechanisms. They make use of an independent third party to help resolve the conflict. Mediation and arbitration are a private affair between the independent third party and the conflicting parties.

In an arbitration, the arbitrator considers the evidence presented by each of the conflicting parties. They weigh in the legal aspects before making a binding decision. Arbitration is like a court case, except that the process takes place outside a courtroom. There is a winning and a losing party in an arbitration.

Mediation helps parties to settle their disputes through discussions, negotiations, and narrowing differences. The mediator helps conflicting parties to arrive at an agreed solution. They do not decide on the conflicting issue. In mediation, all parties agree on a win-win solution.

How does immigration impact the economy

Answers

it’s actually a big help because the people do work no one else wants to do

One way a partnership differs from a sole proprietorship is that it

Answers

Answer:

The most obvious difference between partnership and sole proprietorship is the number of owners the business has. "Sole" means one or only, and a sole proprietorship has only one owner: you. Conversely, it takes two or more to form a partnership, so this type of entity has at least two owners.

Answer:has owners with many different skill sets

Larry works 60 hours a week as a valet. If full-time employment is considered 40 hours per week, how many hours of overtime does Larry work?

Answers

Answer:

20 hours overtime

Explanation:

If Larry works 60 hours, take 40 hours out of that to get 20 hours which would be how much he works overtime.

He worked 20 hours full time

What is the over time pay rate

Answers

Answer:

overtime pay rate is the amount of money you would make from working overtime. sokets say you made 80,000 dollers a year and you staryed 15 hours your overtime pay rate

Explanation:

Overtime hours are hours worked over 40 in a single work week.

Example:  At 45 hours for the week, Sasha worked five overtime hours in a week.

Differentiation means that:_________
a. the firm should aim its efforts at a target market that is different from a target market that a competitor would find attractive.
b. a firm's marketing mix is distinct from and better than what is available from a competitor.
c. a firm uses its resources in a different way than competitors use their resources.
d. a firm should screen out opportunities using different criteria than those used by other firms.
e. when a firm's marketing strategy is not going well it should change to a different set of operational decisions.

Answers

Answer:

B. a firm's marketing mix is distinct from and better than what is available from a competitor.

Explanation:

In marketing, since tine immemorial, this is a terminology used in brining to a table the qualities that distinguishes a sales agent from the crowd or fellow competitors. Also in many cases, it is percieved as a strategy which can be used in a product development, making it unique for the prospective buyers or the whole or target market. Here, these art of uniqueness of the product will aid a better look towards the buyers, even though competition makes it a hard task towards it. Even though strive for balance to be the best is totally welcomed.

I work at a company, and my boss wants me to hand out flyers and get people's names and numbers. But lately i haven't been getting many numbers. Any tips?

Answers

Answer: Social Media!

Explanation:

You can create an online flier and post it on your social media account or a work account, you can ask people to give names and numbers onto a calling list. Something like this could work: “At my job, I need to hand out fliers for <what the fliers are about> and I need names and numbers, can someone help?”

plz click the photo and help me multi choicee ​

Answers

Answer:

The first one is "More will be supplied at higher prices"

The second one is shortages

The third one is upward

Explanation:

Sorry this took long....

Answer:

1. First Option

2. Second Option

3. First Option

Explanation:

1. The answer is the first option or "more will be supplied at a higher prices." Increasing the price for goods or services will decrease the amount of people that will buy them because not everyone has the money to buy goods from different businesses therefore the supply of these goods will increase. Now if you decrease the price allowing more people to buy your goods then you will have a shorter supply of stock.

2. The answer is option two or "shortages." Imposing price ceilings prevents a products price from rising to a certain level and doing so means that not many business owners can raise the price of their products when the demand for these products goes extremely high, which then causes a shortage a lack of supply of a product.

3. Supply curves is a graph that shows the supply, costs, or service and as a product comes out and experiences hype the business owners expect the supply to be low, but as time goes by and the hype settles the supply for this product would steady increase therefore the graph will always go "upward" or option one.

Hope this helps.

PLS NEED HELP IM BEHIND BAD

Answers

Answer:

The first answer

Explanation:

Just took it

Suppose that, on the basis of a nation’s production possibilities curve, an economy must sacrifice 10,000 pizzas domestically to get the 1 additional industrial robot it desires but that it can get the robot from another country in exchange for 9,000 pizzas. Now consider the following statement: "Through international specialization and trade, a nation can reduce its opportunity cost of obtaining goods and thus move outside its production possibilities curve." Which of the following explains the relationship between the situation described and the statement?
A. Specialization and trade have the same effect as having more and better resources or discovering improved production techniques.
B. The input gains from greater international specialization and trade are the equivalent of economic growth.
C. Specialization and trade have the same effect as having more and better products or discovering improved production techniques.
D. International specialization means directing domestic products to the output that a nation is highly efficient at purchasing.

Answers

Answer:

B. The input gains from greater international specialization and trade are the equivalent of economic growth.

Explanation:

If a country moves outside its production possibilities curve, the country has experienced economic growth, precisely because it has increased the amount of goods it can produce according to the production possibilities curve.

International trade thus facilitates economic growth because it makes each country focus on the production of the goods that have the lower opportunity cost, and therefore, use the country's resources more efficiently. This, added to technological improvements, can help a country's economy become larger in both the short and long-term.

Define careere pleaseeeeeeeeee​

Answers

Answer:

a profession or occupation chosen by one's life work.

Having or following a career as specific career diplomat.

Explanation:

Hope this helps.. ;)

FYI I did research and I didn't copied and pasted..

Answer: an occupation undertaken for a significant period of a person's life and with opportunities for progress.

Like a police officer, fire fighter, cashier, fast food worker, teacher, principle, Etc....

Hope this helps... Stay safe and have a great Thanksgiving!!! :D

There are a few different workplaces in this career cluster. Select the workplaces that sound interesting or enjoyable.
Check all that apply.
a desk out in the open in an office building
a partially walled-off area with a desk in an office building
a private office with a door inside an office building
a room in your home

Answers

A career cluster is a collection of jobs with similar characteristics. If you enjoy one job in a cluster, you will most likely enjoy other jobs in that cluster as well.

According to me Option B and D would be the best fit for the workplace that is enjoyable or interesting. Because in Option B you can talk to your co-workers which is enjoyable and interesting and Option D is also correct Option as we can work comfortably their.

Other options that are incorrect as:

Option A is incorrect as a desk out in open is not allowed and not a logical option.

Option C is incorrect as a private office would be boring as the person will be alone doing the work.

Thus Option B and D is the best suitable example.

For more information about career clusters refer to the link:

https://brainly.com/question/1315723

Answer

pick one that interest u

Explanation:

pick what u want

Sergio Gonzales is employed by Bigbux National Bank, one of the largest banks in the Midwest. He is a loan officer, specializing in home equity loans. Tio Raul, Sergio's favorite (and wealthiest) uncle, passed away last month and left Sergio a sizable amount of money. Sergio is looking at the best way to invest his newly acquired wealth. He is considering many options, ranging from simply putting the money into a savings account to the possibility of starting his own business. Although his bank job pays well and offers pleasant working conditions, Sergio is frustrated because he has little freedom or flexibility to deal with customers since every decision he makes must be approved by his supervisor. Besides, he's a bit bored and looking for a challenge. He thinks he might get a lot of satisfaction from owning his own business. Sergio has not made a definite decision yet, but has talked to a lot of people searching for a good idea for a new business. If he can come up with an idea he likes, he might just quit his current job and use his inheritance to go into business for himself!
Sergio's frustration with his lack of freedom and flexibility at work indicates that Bigbux:
a. prefers the use of cross-functional teams rather than individual initiative.
b. has not adopted a strategy of empowerment.
c. knows that the best way to ensure good customer service is to closely monitor its lower-level employees.
d. is trying to please customers as well as other stakeholders.

Answers

Answer:

b. has not adopted a strategy of empowerment

Explanation:

Strategy of employee empowerment is a way by which businesses maximise the ability of its employees by allowing them to make decisions on how to operate and handle customers.

This approach encourages innovation and makes the employee to take charge of their day-to-day work.

In the given scenario Sergio has inherited some money. He is looking at the possibility of starting this own business.

This is as a result of Bigbux National Bank gives employees little freedom or flexibility to deal with customers since every decision must be approved by his supervisor.

The bank is is not adopting the strategy of empowerment with its employees

In 2022, Spencer Realty considered conducting a survey of every home to determine which homes may be put on the market within the next year. This information would be included in their financial statements as a predictor of potential future revenue. The cost of the survey would be $2.6 million, and the results would not differentiate potential business for Spencer Realty compared to other realtor companies. If Spencer Realty decided to not conduct the survey, that decision is likely based on which concep?
A. Historical cost.
B. Cost constraint.
C. Fair value.
D. Full discloser.

Answers

Answer:

a. cost constraint

Explanation:

A cost constraint arises when it is excessively expensive to report certain information in the financial statements. When it is too expensive to do so, the applicable accounting frameworks allow a reporting entity to avoid the related reporting

Hi what color should I paint my room or should I just leave it white?

Answers

Answer: I would say light blue but it depends on what kind of theme you are going for in your room.

Also light blue with clouds is what I want to paint my walls so that is the first thing to come to my mind

Why do lenders often require a down payment when credit is used to purchase a good?

Answers

Answer:

see below

Explanation:

A down payment is a lump-sum amount paid a borrower raises when purchasing an asset on credit. The down payment or deposit is paid to the lender and reduces the credit to be extended. Usually, the lender will demand a  down payment of up to 20% of the asset's value.

The down payment reduces the risk a lender takes in advancing the loan to the borrower. It reduces the loan amount involved. The down payment shows the borrower is financially stable. If they can raise 20 percent of the amount, it gives the lender confidence that the borrower can repay the loan. A down payment shows the borrower is a low-risk customer

meaning of cooperative​

Answers

Answer:

the Answer: involving mutual assistance in working toward a common goal.

Explain why the scenario below does or does not meet the definition of successful leadership. Situation: Barbara is the owner of a coffee shop. Two of her employees disagree on the best way to order the right amount of coffee. Barbara: "I've developed ordering software that uses our sales history to establish an average amount of coffee that we will order each week. This way we won't order too little and run out or order too much and have waste." Employee #1: "That makes sense." Employee #2: "I think that's a good idea."

Answers

Answer:

Some of the characteristics of successful leaders are that they must be able to direct, guide and commit their employees. In this example, Barbara is just doing that, she is telling her employees what will be done in a way that they both agree upon and believe it is a good option.

She was able to stop an argument that could eventually lead to more serious problems within the organization and provided a solution that satisfied both parties.

A(n) _____ is the learned ability to do something. A(n) _____ is a natural talent or ability to excel at something. A(n) _____ is a quality or characteristic.


A. aptitude, trait, skill

B. aptitude, skill, trait

C. skill, trait, aptitude

D. skill, aptitude, trait

Answers

Answer: D. skill, aptitude, trait

Explanation:

A skill is the learned ability to do something which is why when a person is being trained they say the person is acquiring new skills.

Aptitude on the other hand is the natural born talent that a person has that enables them to excel at something.

A trait is simply a quality or characteristic that a person possesses.

Answer: D. skill, aptitude, trait

Explanation: took the quiz.

reasons for a business to lower its prices?

Answers

One reason is because some people cannot afford many things that are needed. So if they lower prices it will be easier for everyone to have qht they need. (I hope this is okay)

What is productivity? In business?

Answers

Answer:

productivity is commonly defined as ratio between the output volume and the volume of input.

Explanation:

In other words,it measures how efficiently production inputs,such as labour and capital,are being used in an economy to produce a given level of output.

I hope this will help you/helpful for you.

Retirement benefits are an example of
income.
Labor
rental
interest

Answers

The answer is interest

Answer:

Labor income

Explanation:

edg

According to O*NET, what are common tasks performed by Tour Guides? Check all that apply. purchasing airline tickets for tour group members selling equipment needed for hiking describing tour points of interest escorting individuals or groups on tours greeting and registering visitors conducting educational activities for children providing directions and information

Answers

Answer:

maintaining equipment

shepherding tourists and luggage

socializing

setting up meals

Explanation:

ITS RIght i just did it good luck n e ways stan dkb and stan conan gray

Answer:

✓leading trips

✓maintaining equipment

✓shepherding tourists and luggage

✓socializing

✓setting up meals

Explanation:

Edge 2021

Who is responsible for reporting all taxable income even if it does not appear on a W-2 form?

Answers

Answer:

IRS

Explanation:

A study showed that 47 percent of entrepreneurs were under age 35 when they started their businesses. The same study showed 16 percent were
under the age of 25. If there were 1,855 total entrepreneurs, how many were under the age of 35 when they started their businesses?

Answers

Answer:

872 entrepreneurs

Explanation:

Total number of entrepreneurs was 1855. 47 % were under 35 years. 25% were under 25. the age bracket of under 35 includes people under 25 years.

Entrepreneurs under the age of 35 were 47 percent of 1855

=47/100 x 1855

=0.47 x 1855

=871.85

=872 entrepreneurs

A Michigan State University student spends his summer months in his hometown, where he works for a local micro-brewery during the evening hours. In the late morning, he attends the local community college, where he takes a summer course that he knows will transfer back to MSU. Although he finds the courses just as challenging as his regular university, he does not worry about his summer grades affecting his 3.2 (out of 4.0) grade point average, because MSU only accepts the transfer credits. As long as he receives C grade or better, he maintains his current grade point average. Which of the following theories suggests that the student will only work as hard as necessary to earn a "C" grade?A) Expectancy TheoryB) Objective-setting TheoryC) Equity TheoryD) Maslow’s Theory

Answers

Answer: Expectancy theory

Explanation:

The theory that suggests that the student will only work as hard as necessary to earn a "C" grade is the expectancy theory.

Expectancy theory states that an individual will act in a particular way due to the fact of what they believe will be the result of the behavior that they selected and thereby will select a particular behavior above orhers.

Here, the student simply selects his work above the school grade because he believes that a C is enough for him. Therefore, the answer will be expectancy theory.

Scenario D. Luxe Slumber is a company that produces high-quality mattresses. Omar, the CEO, makes all the business deals for the company. He negotiates with suppliers and gets new customers and business for the company. Charles communicates his vision for the company and what he would like it to achieve to Ana, who lays out plans to make possible the execution of that vision. Ana delegates the work accordingly by communicating to the sales and production managers Omar's vision and what he requires of them. Irving, a floor manager, makes sure that the workers do their jobs at the required pace to meet the targets and goals of the company.By creating objectives and communicating them to the rest of the organization, Ana is performing the function of a(n) ________ manager.A. strategicB. frontlineC. operationsD. top-levelE. tactical

Answers

Answer:

A)strategic

Explanation:

From the question we are informed about Scenario D. Luxe Slumber who is a company that produces high-quality mattresses. Omar, the CEO, makes all the business deals for the company. He negotiates with suppliers and gets new customers and business for the company. Charles communicates his vision for the company and what he would like it to achieve to Ana, who lays out plans to make possible the execution of that vision. Ana delegates the work accordingly by communicating to the sales and production managers Omar's vision and what he requires of them. Irving, a floor manager, makes sure that the workers do their jobs at the required pace to meet the targets and goals of the company.By creating objectives and communicating them to the rest of the organization, In this case Ana is performing the function of a strategic manager. A Strategy Managers is essential in organization in order to achieve the goals of the organization, the manager helps in reviewing of the organizations so that strengths as well as the weaknesses and operational effectiveness of the organization can be determined. The strategy manager can help the organization in making

recommendations after considering internal and external factors in order to minimize risks, he can as well formulate plans that can help the organization's long-term goals to be achieved.

Other Questions
A school club raises $506 to spend on a field trip. There are 23 people going on the trip. How much money did the club raise for each person going? Can 4 24/35 be simplified? Please answer right away! Need an answer right away! What are the visible effects of hotspots on the Earth's surface?(a) Faults(b) Ridges(c) Trenches(d) Volcanos 2 x 2 x2 x2 xx2 x2 x2 x5 x5 x3 x9 x023443 =? Which set of values could be the side lengths of a 30-60-90 triangle? A. {5,10,10 sqrt 3} B. {5,5 sqrt 2 ,10} C. {5,5 sqrt 3, 10} D. {5,10,10 sqrt 2} How did the course of the war affect public opinion, and subsequently British leaders in Britain? why is rivers Ganga called ideal rivers What is the value of the expression, if p=42?Then whats p+22 The amount of money earned by bank customers based on the amount of principal in their savings account is _______________. Solve: 50 - m = 68helpoo A nursery has $55,000 of inventory in dogwood trees and red maple trees. The profit on a dogwood tree is 29% and the profit on a red maple tree is 18%. The profit for the entire stock is 20%. How much was invested in each type of tree? (Preferred stock valuation) You are considering an investment in one of two preferred stocks, TCF Capital or TAYC Capital Trust. TCF Capital pays an annual dividend of $2.16, while TAYC Capital pays an annual dividend of $1.94. If your required return is 11percent, what value would you assign to the stocks?The value of the TCF Capital preferred stock is $______ per share who excutes law please tell me A large pizza is cut into 8 even slices. A person orders 4 large pizzas from a restaurant. How many total slices of pizza did the person order? HELP its like 3:00 A.M and this is due at 3:20 A.M and my brain is completely dead. you open your piggy bank and found 38 coins do you have some quarters nickels and dimes there at three less quarters in Nichols after counting you determine that there was $4.25 in the piggy bank how many of each of the coins do you have Heidi (39 kg) is walking her tiny chihuahua, Chaxi (5.60 kg), on the sidewalk. To encourage Chaxi along, Heidi pulls forward with a force of 9.55 N. Identify the correct reaction force in response to Heidis action force.a. The friction is less than 660 N since the beam can be moved at a constant velocity. b. There is no friction acting on the beam since it is accelerating. c. The friction is equal to 660 N since the beam is not accelerating. d. The friction is greater than 660 N since the beam is not in equilibrium. -Ready Understand On Earth Day, 40 people volunteert are high-school students. The coordi in high school. ). Write a fraction to show the numb students out of the total number of ? Many believe that U.S. tax policy should provide a level playing field for traditional retail businesses, mail order companies, and online merchants. What form of ebusiness challenge is this statement referring to?A. Adhering to taxation rules.B. Ensuring consumer protection.C. Identifying limited market segments.D. Managing consumer relationships. Consider a block sliding down a ramp whose motion is opposed by frictional forces. The total energy of this system is modeled by the equation: Etotal = 1/2mv^2 + mgh + Ff(f is underscore)dWhich part of the equation represents the amount of energy converted to thermal energy?A. mgB. Ffd C. mghD. 1/2 mv^2