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HighRise Company Reported the Following Amounts of Contributed Capital in the Stockholders

question 68

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HighRise Company reported the following amounts of contributed capital in the stockholders' equity accounts as of January 1, 2014: $\begin{array}{lr}\text { Contributed capital: }\\\text { Common stock, par } \$ 5 \text {, authorized 50,000 shares; }\\\text { Issued and outstanding 30,000 shares } & \$ 150,000 \\\text { Capital in excess of par } & 100,000\end{array}$ Required:
Indicate the journal entry to record each of the following transactions by entering the letter code corresponding to each account that would be debited and credited. Enter the code letter and the amount of each debit and credit (do not use dollar signs). The transactions, including the example, are not interrelated. $HighRise Company reported the following amounts of contributed capital in the stockholders' equity accounts as of January 1, 2014: \begin{array}{lr} \text { Contributed capital: }\\ \text { Common stock, par } \$ 5 \text {, authorized 50,000 shares; }\\ \text { Issued and outstanding 30,000 shares } & \$ 150,000 \\ \text { Capital in excess of par } & 100,000 \end{array} Required: Indicate the journal entry to record each of the following transactions by entering the letter code corresponding to each account that would be debited and credited. Enter the code letter and the amount of each debit and credit (do not use dollar signs). The transactions, including the example, are not interrelated.$ $HighRise Company reported the following amounts of contributed capital in the stockholders' equity accounts as of January 1, 2014: \begin{array}{lr} \text { Contributed capital: }\\ \text { Common stock, par } \$ 5 \text {, authorized 50,000 shares; }\\ \text { Issued and outstanding 30,000 shares } & \$ 150,000 \\ \text { Capital in excess of par } & 100,000 \end{array} Required: Indicate the journal entry to record each of the following transactions by entering the letter code corresponding to each account that would be debited and credited. Enter the code letter and the amount of each debit and credit (do not use dollar signs). The transactions, including the example, are not interrelated.$

Definitions:

Floating Ribs

The last two pairs of ribs in the human rib cage that are not attached to the sternum or to other ribs and thus "float" freely.

Pairs

Two items, objects, or individuals that are regarded together because they are similar or complementary.

Ribs

Bone structures in the chest that protect internal organs such as the heart and lungs.

Adult Human Cranium

The part of the skull that encloses the brain in adults, providing protection and structural support.