Solved: Blue corporation issues 200 packages of securities for 80, Accounting Basics

+44 141 628 6080
[email protected]

Blue corporation issues 200 packages of securities for 80

Blue Corporation issues 200 packages of securities for $80 per package, or a total of $16,000. Each package includes four shares of $5 par common stock and one share of $30 par preferred stock. If the separate market values are $20 per share for the common stock and $70 per share for the preferred stock, what journal entry will Blue make to record this transaction?

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Blue corporation issues 200 packages of securities for 80

Reference No:- TGS01155040

Now Priced at $12 (50% Discount)

Recommended (98%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What is not an expected shift in industry perspective

Which of the following is not an expected shift in industry perspective and health care delivery practices with the move towards accountable care

Illustrate themes on improving medical education

The themes on improving medical education in both the Flexner Report and the state of medical education 100 years later are:

What is the effect of using j-tip compared to emla

The population (P), intervention (I), comparison (C), outcome (O), and time (T), or PICOT, format was used to prepare the following clinical question

What community location be best for type of intervention

What community location would be best for this type of intervention?

What term does the american academy of pediatrics use

Which term does the American Academy of Pediatrics (AAP) use for the collective issues that health-care providers see in many adolescent patients today

Explore the causes of obesity, eating disorders

Taylor & Stanton (2021), explores the causes of obesity, eating disorders, and addiction to alcohol and smoking

Which group women has highest rates of gestational diabetes

Diabetes during pregnancy has been increasing over the past two decades. In the U.S., up to 9 percent of pregnant women develop gestational diabetes.

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Blue corporation issues 200 packages of securities for 80

Reference No:- TGS01155040

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : You are determining whether to add a new product to an

Q : Do businesses have free speech rights if so what kind of

Q : What were the effects of the policies implemented in

Q : An agency has single-year multi-year and no-year

Q : Blue corporation issues 200 packages of securities for 80

Q : Describe three of the strategies for international business

Q : What is the logistic and supply chain

Q : What internal factors contributed to the decline of the

Q : Did the advance practice nurses office fulfill a meaningful