Bunyan Corporation

Bunyan Corporation

When Bunyan Corporation was formed on January 1, 20xx, the corporate charter provided for 100,000 share of $10 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 8,000 shares of stock at a price of $22.00 per share.
The entry to record the above transaction would include a ________.debit to Cash for $80,000
credit to Common Stock for $176,000
credit to Paid in Capital in Excess of Par- for $96,000
debit to Common Stock for $80,000 The following totals for the month of June were taken from the payroll register of ABC Company:
Salaries expense $13,000
Social security and Medicare Taxes withheld 975
Income Taxes withheld 2,600
Retirement Savings 500The entry to record the payment of net pay would include a ________.
debit to Salaries Payable for $13,000
Debit to Salaries Payable for $8,925
Credit to Salaries Expense for $8,925
Credit to Salaries Payable for $8,925 When Bunyan Corporation was formed on January 1, 20xx, the corporate charter provided for 100,000 share of $10 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 8,000 shares of stock at a price of $22.00 per share.
The …This solution is comprised of a detailed explanation to answer how to entry the record for the accounting transactions for Bunyan Corporation and ABC Company.

Bunyan Corporation

When Bunyan Corporation was formed on January 1, 20xx, the corporate charter provided for 100,000 share of $10 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 8,000 shares of stock at a price of $22.00 per share.
The entry to record the above transaction would include a ________.debit to Cash for $80,000
credit to Common Stock for $176,000
credit to Paid in Capital in Excess of Par- for $96,000
debit to Common Stock for $80,000 The following totals for the month of June were taken from the payroll register of ABC Company:
Salaries expense $13,000
Social security and Medicare Taxes withheld 975
Income Taxes withheld 2,600
Retirement Savings 500The entry to record the payment of net pay would include a ________.
debit to Salaries Payable for $13,000
Debit to Salaries Payable for $8,925
Credit to Salaries Expense for $8,925
Credit to Salaries Payable for $8,925 When Bunyan Corporation was formed on January 1, 20xx, the corporate charter provided for 100,000 share of $10 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 8,000 shares of stock at a price of $22.00 per share.
The …This solution is comprised of a detailed explanation to answer how to entry the record for the accounting transactions for Bunyan Corporation and ABC Company.

Bunyan Corporation

When Bunyan Corporation was formed on January 1, 20xx, the corporate charter provided for 100,000 share of $10 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 8,000 shares of stock at a price of $22.00 per share.
The entry to record the above transaction would include a ________.debit to Cash for $80,000
credit to Common Stock for $176,000
credit to Paid in Capital in Excess of Par- for $96,000
debit to Common Stock for $80,000 The following totals for the month of June were taken from the payroll register of ABC Company:
Salaries expense $13,000
Social security and Medicare Taxes withheld 975
Income Taxes withheld 2,600
Retirement Savings 500The entry to record the payment of net pay would include a ________.
debit to Salaries Payable for $13,000
Debit to Salaries Payable for $8,925
Credit to Salaries Expense for $8,925
Credit to Salaries Payable for $8,925 When Bunyan Corporation was formed on January 1, 20xx, the corporate charter provided for 100,000 share of $10 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 8,000 shares of stock at a price of $22.00 per share.
The …This solution is comprised of a detailed explanation to answer how to entry the record for the accounting transactions for Bunyan Corporation and ABC Company.

Bunyan Corporation

When Bunyan Corporation was formed on January 1, 20xx, the corporate charter provided for 100,000 share of $10 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 8,000 shares of stock at a price of $22.00 per share.
The entry to record the above transaction would include a ________.debit to Cash for $80,000
credit to Common Stock for $176,000
credit to Paid in Capital in Excess of Par- for $96,000
debit to Common Stock for $80,000 The following totals for the month of June were taken from the payroll register of ABC Company:
Salaries expense $13,000
Social security and Medicare Taxes withheld 975
Income Taxes withheld 2,600
Retirement Savings 500The entry to record the payment of net pay would include a ________.
debit to Salaries Payable for $13,000
Debit to Salaries Payable for $8,925
Credit to Salaries Expense for $8,925
Credit to Salaries Payable for $8,925 When Bunyan Corporation was formed on January 1, 20xx, the corporate charter provided for 100,000 share of $10 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 8,000 shares of stock at a price of $22.00 per share.
The …This solution is comprised of a detailed explanation to answer how to entry the record for the accounting transactions for Bunyan Corporation and ABC Company.














Answers

Related Questions

Question DescriptionThe politicization of science...

Question DescriptionThe politicization of science refers to deliberate manipulation and/or misrepresentation of scientific facts and research by priva...

Question DescriptionThe Enlightenment of the 18th...

Question DescriptionThe Enlightenment of the 18th century greatly shaped the world we live in today. By drawing some examples from the textbook, descr...

Question DescriptionThe course resources for this...

Question DescriptionThe course resources for this week all engage with CLO 4; Analyze social actions that have led to greater equality and social just...

Question DescriptionThe Consensus Model and the Ro...

Question DescriptionThe Consensus Model and the Role of the Advanced Practice NursePurpose:The purpose of this assignment is to assist you in understa...

Question DescriptionTHE CHOSENOne idea of Judaism...

Question DescriptionTHE CHOSENOne idea of Judaism that regularly draws fire is the idea of a chosen people. Why is that such a hot-button? Smith is an...

Question DescriptionThe case scenario provided wil...

Question DescriptionThe case scenario provided will be used to answer the discussion questions that follow. Case ScenarioMr. C., a 32-year-old single...

Question DescriptionThe Affordable Care ActDescrib...

Question DescriptionThe Affordable Care ActDescribe the features of the Affordable Care Act and explain how it will control costs and improve quality...

Question DescriptionTerm paper topic:Explain how t...

Question DescriptionTerm paper topic:Explain how the Yin-Yang way of thinking (the Yin-Yang model of interaction and transformation) andZhuang Zi’s...

Question DescriptionSummary:In week 8, you will su...

Question DescriptionSummary:In week 8, you will submit a policy paper that will explore the importance of understanding politics and participate in po...

Question DescriptionSocial studies instruction, wh...

Question DescriptionSocial studies instruction, when properly planned and implemented, can promote responsible citizenship in elementary students. In...

dq...

Original work. Less than 20% plagiarism. Must be at least 150 word countYour text defines “tragic flaw” as that quality of character leads to the...

2 INTRO TO FILM DISCUSSIONS...

DISCUSSION #1Auteur theory in film suggests not only that a director is the primary author of a film, but also that the film must be analyzed within t...

week 8 assignment...

  1. List and explain the four common challenges leadership faces.2. The Employment-at- Will is a doctrine developed as part of British common law w...

Choose at least two of the following scholarly jou...

    Provide the following for each article:Give a summary of at least two important points raised or facts presented for each page of the article....

HSA DIS 3...

 "Employee Motivation and Team Dynamics"  Please respond to the following:Analyze the role of sustained employee motivation, and distinguish it fro...

ESSAY...

Please read before bidding!!!! A 1000 to 1500 word typewritten critical analysis in essay format on Defending Slavery will be due via email Octobe...

HSA DIS2...

 Leadership Styles and Organizational Design"  Please respond to the following:From the e-Activity, argue whether leaders are born or made. Give on...

3 paragraph discussion...

Find & Post (or post a link to) a concept of Rhetorical Public Address (photo, short video, brief piece of writing, song, etc.  No two posts can be...

HSA 530 3 DIS...

 Job Descriptions and Employee Training and Development"  Please respond to the following:Go to the Joint Commission’s Website located at http:/...

HPR 232 Community Health Promotion Methods WK2-Jou...

 Week Two Journal - CompetenciesEach week of this course, you will be reviewing and reflecting upon  the national competencies for health education...

HSA 530 2 DIS...

 "Human Resources Activities and Relationships" Please respond to the following:Considering the services provided by a hospital HR department, how do...

HSA 530 1 DIS...

 Changes in Human Resource Management (HRM) and Employment Law"Please respond to the following:Based on the assigned chapters this week, identify thr...

Essay...

Marketing Plan: Part IThroughout this course, you will compile a comprehensive marketing plan using one of the product/service scenarios listed below....

HPR 232 Community Health Promotion Methods WK2-D...

 Social Marketing/Media Debate      Prior to beginning work on this discussion, read the article Social Marketing for Social Change.  This week...

If you didn't find the right answer

Ask Your Questions, We'll notify you once someone answers it