Alpha sounds corp., an electric guitar retailer, was organized by michele kirby, paul glenn, and gretchen northway. the charter authorized 1,000,000 shares of common stock with a par of $1. journalize the entries to record the following transactions affecting stockholders' equity, which were completed during the first year of operations. refer to the chart of accounts for exact wording of account titles.
a) issued 100,000 shares of stock at par to paul glenn for cash.
b) issued 3,000 shares of stock at par to michele kirby for promotional services provided in connection with the organization of the corporation, and issued 45,000 shares of stock at par to michele kirby for cash.
c) purchased land and a building from gretchen northway in exchange for stock issued at par. the building is mortgaged for $180,000 for 20 years at 6%, and there is accrued interest of $5,200 on the mortgage note at the time of the purchase. it is agreed that the land is to be priced at $60,000 and the building at $225,000 and that gretchen northway's equity will be exchanged for stock at par. the corporation agreed to assume responsibility for paying the mortgage note and the accrued interest.

< back to assignment attempts: 1 1 keep the highest: 1 / 2 2. determining opportunity cost juanita is deciding whether to buy a suit that she wants, as well as where to buy it. three stores carry the same suit, but it is more convenient for juanita to get to some stores than others. for example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the suit: store travel time each way price of a suit (minutes) (dollars per suit) local department store 15 102 across town 30 88 neighboring city 60 65 juanita makes $42 an hour at work. she has to take time off work to purchase her suit, so each hour away from work costs her $42 in lost income. assume that returning to work takes juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. as you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. complete the following table by computing the opportunity cost of juanita's time and the total cost of shopping at each location. store opportunity cost of time price of a suit total cost (dollars) (dollars per suit) (dollars) local department store 102 across town 88 neighboring city 65 assume that juanita takes opportunity costs and the price of the suit into consideration when she shops. juanita will minimize the cost of the suit if she buys it from the . grade it now save & continue continue without saving

Personal financial planning is the process of creating and achieving financial goals? true or false

On december 31, 2013, coronado company issues 173,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $10. the fair value of the sars is estimated to be $5 per sar on december 31, 2014; $2 on december 31, 2015; $10 on december 31, 2016; and $8 on december 31, 2017. the service period is 4 years, and the exercise period is 7 years. prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan.