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QUESTION 5 Dividends normally carry a balance and are shown in the a. None of the answers given are correct b. Debit: Balance
QUESTION 7 Below is a list of accounts for New Nature, Inc.: Depreciation Expense Dividends Rent Expense Additional Paid in C
QUESTION 8 On 4/20/2019. Sometimes, Ltd. issued 25,000 shares of $0.20 par value common stock for 58 per share. The journal e
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Answer #1

5. (e) Debit; Statement of stockholders' equity

6. (e) 3,950 (1,900 + 2,050)

7. (d) Six (all expect depreciation, dividends, rent, sales revenue, and COGS)

8. (b) A credit to common stock for 5,000

Here's is the correct journal entry:

Cash (25000*8) 200,000
Common stock (25000*.2) 5,000
Additional paid-in capital (25000*7.8) 195000

9. (e) The expense is recognised before the payment of cash.

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