Using the Following Accounts

question 22

Multiple Choice

Using the following accounts:
Indicate the account(s) to be debited and credited to record the following transaction.
-Sold common stock at a price above the par value.
Debit ________ Credit ________ & ________

• A)Subscription receivable-common stock
• B)Cash
• C)Machinery
• D)Building
• E)Land
• F)Organization costs
• G)Preferred stock
• H)Common stock
• I)Paid in capital in excess of par value - common
• J)Paid in capital in excess of par value - preferred
• K)Common stock subscribed
• L)Discount on common stock
• M)Organization Expense

Understand the significance of word choice to enhance message effectiveness.

Distinguish between active and passive voice and their impacts on message delivery.

Recognize the correct use of idioms in sentences.

Understand the differences between abstract, concrete, and specific words.

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Definitions:

Brain

The complex organ located in the skull that is responsible for cognitive function, processing information, and controlling most of the activities of the body.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, transmitting neural signals between the brain and the body.

Resting Potential

The difference in electric charge across the membrane of a neuron at rest, critical for the transmission of neural signals.

Positively Charged

Having a net electrical charge that is more positive due to a higher number of protons than electrons.