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Signature assignment: reconstruct the compensation and benefits

 Instructions Select an organization of your choice. The recommendation would be to pick an organization you are familiar with and have access to documentation. Once you have identified your organization, reconstruct the entire compensation design process from start to finish using SHRMs strategy process: Assessment, design, implementation, and evaluation. Explain each step of the process ensuring that there is alignment to each of the various […]

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Argument | 1302 | Dallas County Community College District

   Name Professor Pleimann ENGL 1302 Date Argumentative Essay Outline and Sources Essay Title: 1. Introduction –  a. Key background information about your topic. What will your reader need to know to understand your argument? b. Thesis:  i. Topic ii. Stance  iii. Roadmap  2. Body Section 1 – Remember to structure each body section according to the type of argument that you are using. Each […]

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Applying the writing process | ENG 121 English Composition I | Ashford University

  Prepare Prior to beginning work on this discussion forum, read Chapter 7 in your course textbook. When we see writers on TV shows or in the movies, we often see them working alone, struggling to put words down. But the reality is that writers never have to work alone. They rely on many tools and resources to help them accomplish their tasks. The Writing […]

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Survey | Social Science homework help

Think of a public policy issue that interests you and design a six-question survey that looks professional on different aspects of that public policy issue. Imagine you are going to mail out this survey. It should include a statement of purpose as well as who to contact if the survey respondent has any questions.  The design of the survey is very important. Try to create […]

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Forensic discussion | Criminal homework help

NOT AN ESSAY JUST ANSWER EACH QUESTIONS IN 175 WORDS OR MORE… Respond to the following in a minimum of 175 words: 1.   Individuals who investigate and process a crime scene must follow a logical workflow of evidence collection and scene processing. What issues would make collecting all the evidence at a crime scene particularly challenging? Discuss some common misconceptions regarding the control and directions of […]

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Homework | Electrical Engineering homework help

0 Home.Literature. Help. Contact Us FAQ Log in / Sign up Log in / Sign up Post a question Home. Literature. Help. Contact Us FAQ islandgyal Main Home>Homework Answsers>Engineering homework help>Electrical Engineering homework help tagurgent Please see attachment  homework2.docx 4 years ago 28.07.2021 12 Report issue Answer(0) Bids(104) MUSYOKIONES A+ Tutor Cyrus Ken Dr. Michelle_KM Jahky B wizard kim Brilliant Geek pacesetters2121 WIZARD_KIM PROF. ANN Creative Geek […]

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Unit 1 essay | Science homework help

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hsa5000cbe section 01cbe scholarly research and writing (11 weeks) – | hsa 5000 | Rasmussen College System

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Social studies 8th grade | Government homework help

 **** This is a 8th grader assignment, therefore, nothing to elaborate please. In the previous tasks, you’ve analyzed three early documents that influenced the creation of the Constitution and the decisions about how the national government would be structured. Now, your task is to construct a response to the central historical question using evidence from the sources to defend your claim: In what ways did the […]

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July 1, 2023
    

 

18.4   Learning Objective 18-4

1) The journal entry for the receipt of a cash payment on common stock subscriptions would include:

A) debiting Subscriptions Receivable—Common Stock; crediting Common Stock.

B) debiting Common Stock; crediting Subscriptions Receivable—Common Stock.

C) debiting Cash; crediting Subscriptions Receivable—Common Stock.

D) debiting Cash; crediting Common Stock Subscribed.

2) The Bean Counter Corporation received subscriptions for 100 shares of its $12 par value common stock at $15 per share. The entry to record receipt of the subscriptions would include a:

A) debit to Cash $1,500 and a credit to Common Stock $1,500.

B) debit to Cash $1,500; a credit to Common Stock $1,200; and a credit to Paid-in Capital in Excess of Par Value—Common $300.

C) debit to Common Stock Subscribed $1,500 and a credit to Subscriptions Receivable-Common Stock $1,500.

D) debit to Subscriptions Receivable—Common Stock $1,500; a credit to Common Stock Subscribed $1,200; and a credit to Paid-in Capital in Excess of Par Value—Common for $300.

3) Diamonds Forever Corporation received subscriptions for 100 shares of its $100 par value common stock for $120 per share. The entry to record the receipt of the subscriptions would include a:

A) debit to Common Stock Subscribed for $10,000.

B) debit to Subscriptions Receivable-Common Stock for $10,000.

C) credit to Paid-in Capital in Excess of Par Value—Common for $2,000.

D) credit to Common Stock to be Outstanding $12,000.

4) Tory Company received the first installment of $2,000 on a common stock subscription. The entry to record the collection would include a:

A) debit to Subscriptions Receivable—Common Stock for $2,000.

B) credit to Common Stock Subscribed for $2,000.

C) credit to Common Stock for $2,000.

D) credit to Subscriptions Receivable—Common Stock for $2,000.

5) Nature's Honey Corporation received the final installment of $1,000 on a stock subscription for 20 shares of $100 par value common stock. After recording the cash receipt, the entry to issue the stock would include a:

A) debit to Paid-in Capital in Excess of Par Value—Common for $2,000.

B) credit to Paid-in Capital in Excess of Par Value—Common for $2,000.

C) debit to Common Stock for $2,000.

D) debit to Common Stock Subscribed for $2,000.

6) Monarch Company reported Subscriptions Receivable-Common Stock of $1,500 and Common Stock Subscribed of $3,200 on its balance sheet. All the following are true except:

A) the amount previously collected on the stock subscriptions is $1,700.

B) the original stock subscribed totaled $3,200.

C) Monarch previously issued $1,700 of the subscribed stock.

D) the remaining amount to be collected from subscribers before the shares will be issued is $1,500.

7) What is the entry to record subscriptions received for 1,700 shares of $100 par value common stock at $130 per share?

A) Debit Common Stock Subscribed $221,000; credit Cash $221,000

B) Debit Subscriptions Receivable-Common Stock $221,000; credit Common Stock Subscribed $170,000; credit Paid-in Capital in Excess of Par Value—Common $51,000.

C) Debit Subscriptions Receivable—Common Stock $221,000; credit Common Stock Subscribed $221,000

D) None of these answers is correct.

8) Common Stock Subscribed is:

A) shown as an equity account below Issued Common Stock.

B) a contra-asset account.

C) a receivables account.

D) shown on the income statement as a revenue.

9) In the stockholders' equity section of a balance sheet:

A) common stock is listed before preferred stock.

B) common stock is listed after preferred stock.

C) common stock is listed after retained earnings.

D) common stock is not listed.

10) When a stock subscription is received, Common Stock subscribed is debited for the total par value of the stock.

 

 

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July 1, 2023
    

 

18.4   Learning Objective 18-4

1) The journal entry for the receipt of a cash payment on common stock subscriptions would include:

A) debiting Subscriptions Receivable—Common Stock; crediting Common Stock.

B) debiting Common Stock; crediting Subscriptions Receivable—Common Stock.

C) debiting Cash; crediting Subscriptions Receivable—Common Stock.

D) debiting Cash; crediting Common Stock Subscribed.

2) The Bean Counter Corporation received subscriptions for 100 shares of its $12 par value common stock at $15 per share. The entry to record receipt of the subscriptions would include a:

A) debit to Cash $1,500 and a credit to Common Stock $1,500.

B) debit to Cash $1,500; a credit to Common Stock $1,200; and a credit to Paid-in Capital in Excess of Par Value—Common $300.

C) debit to Common Stock Subscribed $1,500 and a credit to Subscriptions Receivable-Common Stock $1,500.

D) debit to Subscriptions Receivable—Common Stock $1,500; a credit to Common Stock Subscribed $1,200; and a credit to Paid-in Capital in Excess of Par Value—Common for $300.

3) Diamonds Forever Corporation received subscriptions for 100 shares of its $100 par value common stock for $120 per share. The entry to record the receipt of the subscriptions would include a:

A) debit to Common Stock Subscribed for $10,000.

B) debit to Subscriptions Receivable-Common Stock for $10,000.

C) credit to Paid-in Capital in Excess of Par Value—Common for $2,000.

D) credit to Common Stock to be Outstanding $12,000.

4) Tory Company received the first installment of $2,000 on a common stock subscription. The entry to record the collection would include a:

A) debit to Subscriptions Receivable—Common Stock for $2,000.

B) credit to Common Stock Subscribed for $2,000.

C) credit to Common Stock for $2,000.

D) credit to Subscriptions Receivable—Common Stock for $2,000.

5) Nature's Honey Corporation received the final installment of $1,000 on a stock subscription for 20 shares of $100 par value common stock. After recording the cash receipt, the entry to issue the stock would include a:

A) debit to Paid-in Capital in Excess of Par Value—Common for $2,000.

B) credit to Paid-in Capital in Excess of Par Value—Common for $2,000.

C) debit to Common Stock for $2,000.

D) debit to Common Stock Subscribed for $2,000.

6) Monarch Company reported Subscriptions Receivable-Common Stock of $1,500 and Common Stock Subscribed of $3,200 on its balance sheet. All the following are true except:

A) the amount previously collected on the stock subscriptions is $1,700.

B) the original stock subscribed totaled $3,200.

C) Monarch previously issued $1,700 of the subscribed stock.

D) the remaining amount to be collected from subscribers before the shares will be issued is $1,500.

7) What is the entry to record subscriptions received for 1,700 shares of $100 par value common stock at $130 per share?

A) Debit Common Stock Subscribed $221,000; credit Cash $221,000

B) Debit Subscriptions Receivable-Common Stock $221,000; credit Common Stock Subscribed $170,000; credit Paid-in Capital in Excess of Par Value—Common $51,000.

C) Debit Subscriptions Receivable—Common Stock $221,000; credit Common Stock Subscribed $221,000

D) None of these answers is correct.

8) Common Stock Subscribed is:

A) shown as an equity account below Issued Common Stock.

B) a contra-asset account.

C) a receivables account.

D) shown on the income statement as a revenue.

9) In the stockholders' equity section of a balance sheet:

A) common stock is listed before preferred stock.

B) common stock is listed after preferred stock.

C) common stock is listed after retained earnings.

D) common stock is not listed.

10) When a stock subscription is received, Common Stock subscribed is debited for the total par value of the stock.

 

 

default image
July 1, 2023
    

 

18.4   Learning Objective 18-4

1) The journal entry for the receipt of a cash payment on common stock subscriptions would include:

A) debiting Subscriptions Receivable—Common Stock; crediting Common Stock.

B) debiting Common Stock; crediting Subscriptions Receivable—Common Stock.

C) debiting Cash; crediting Subscriptions Receivable—Common Stock.

D) debiting Cash; crediting Common Stock Subscribed.

2) The Bean Counter Corporation received subscriptions for 100 shares of its $12 par value common stock at $15 per share. The entry to record receipt of the subscriptions would include a:

A) debit to Cash $1,500 and a credit to Common Stock $1,500.

B) debit to Cash $1,500; a credit to Common Stock $1,200; and a credit to Paid-in Capital in Excess of Par Value—Common $300.

C) debit to Common Stock Subscribed $1,500 and a credit to Subscriptions Receivable-Common Stock $1,500.

D) debit to Subscriptions Receivable—Common Stock $1,500; a credit to Common Stock Subscribed $1,200; and a credit to Paid-in Capital in Excess of Par Value—Common for $300.

3) Diamonds Forever Corporation received subscriptions for 100 shares of its $100 par value common stock for $120 per share. The entry to record the receipt of the subscriptions would include a:

A) debit to Common Stock Subscribed for $10,000.

B) debit to Subscriptions Receivable-Common Stock for $10,000.

C) credit to Paid-in Capital in Excess of Par Value—Common for $2,000.

D) credit to Common Stock to be Outstanding $12,000.

4) Tory Company received the first installment of $2,000 on a common stock subscription. The entry to record the collection would include a:

A) debit to Subscriptions Receivable—Common Stock for $2,000.

B) credit to Common Stock Subscribed for $2,000.

C) credit to Common Stock for $2,000.

D) credit to Subscriptions Receivable—Common Stock for $2,000.

5) Nature's Honey Corporation received the final installment of $1,000 on a stock subscription for 20 shares of $100 par value common stock. After recording the cash receipt, the entry to issue the stock would include a:

A) debit to Paid-in Capital in Excess of Par Value—Common for $2,000.

B) credit to Paid-in Capital in Excess of Par Value—Common for $2,000.

C) debit to Common Stock for $2,000.

D) debit to Common Stock Subscribed for $2,000.

6) Monarch Company reported Subscriptions Receivable-Common Stock of $1,500 and Common Stock Subscribed of $3,200 on its balance sheet. All the following are true except:

A) the amount previously collected on the stock subscriptions is $1,700.

B) the original stock subscribed totaled $3,200.

C) Monarch previously issued $1,700 of the subscribed stock.

D) the remaining amount to be collected from subscribers before the shares will be issued is $1,500.

7) What is the entry to record subscriptions received for 1,700 shares of $100 par value common stock at $130 per share?

A) Debit Common Stock Subscribed $221,000; credit Cash $221,000

B) Debit Subscriptions Receivable-Common Stock $221,000; credit Common Stock Subscribed $170,000; credit Paid-in Capital in Excess of Par Value—Common $51,000.

C) Debit Subscriptions Receivable—Common Stock $221,000; credit Common Stock Subscribed $221,000

D) None of these answers is correct.

8) Common Stock Subscribed is:

A) shown as an equity account below Issued Common Stock.

B) a contra-asset account.

C) a receivables account.

D) shown on the income statement as a revenue.

9) In the stockholders' equity section of a balance sheet:

A) common stock is listed before preferred stock.

B) common stock is listed after preferred stock.

C) common stock is listed after retained earnings.

D) common stock is not listed.

10) When a stock subscription is received, Common Stock subscribed is debited for the total par value of the stock.

 

 

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