A Corporation Was Organized on January 1 of the Current

question 140

Essay

A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares of 4%, $12 par preferred stock, and 100,000 shares of $3 par common stock.The following selected transactions were completed during the first year of operations:Jan. 3Issued 15,000 shares of common stock at $23 per share for cash.31Issued 200 shares of common stock to an attorney in payment of legal fees for organizing the corporation. The value of the stock at the time of payment was $25 per share.Feb. 24Issued 20,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $65,000, $120,000, and $45,000, respectively.Mar. 15Issued 2,000 shares of preferred stock at $56 for cash.​Journalize the transactions.

Understand the concept of peripheral vision and its significance.

Comprehend the purpose of common medical abbreviations in patient care plans.

Recognize the evolution and application of blood pressure management guidelines.

Identify appropriate timing for breast examinations in relation to menstrual cycles.

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Definitions:

Basilar Membrane

A structure in the inner ear that plays a key role in the sense of hearing by vibrating in response to sound, which ultimately converts acoustic signals into electrical impulses for the brain to interpret.

Middle Ear

the part of the ear located between the eardrum and the inner ear that contains three small bones transmitting sound vibrations to the inner ear.

Auditory Canal

A tube-like structure that leads from the outer ear to the eardrum, conducting sound waves to the eardrum.

Semicircular Canal

Structures in the inner ear involved in maintaining balance and sensing motion.