Question

Which journal entry reflects the following transaction?: BOC sold 10,000 shares of $1 par value stock to investors for $5 per share.

Answer 1

Answer:

Truck 5000Cr. Cash 5000Dr. Prepaid Insurance 500Cr. Cash 500Dr. Advances from Customers 50Cr. Cash 50Above incorrect, remove:Advances from CustomersQuestion 8Which journal entry reflects the following transaction:BOC sold 10,000 shares of $1 par value stock to investors for $5 per share.Dr. Cash 50,000Cr. Common Stock 10,000Cr. Additional Paid-in Capital 40,000Question 9Which journal entry reflects the following transaction:BOC bought $10,000 of inventory on account.Dr. Inventory 10,000 Cr. Cash 10,000Above incorrect:No cash was paid, instead, CR Accounts Payable (+L)Dr. Inventory 10,000

Explanation:

Answer 2

Answer:

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Explanation:

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