Following are the issuances of stock transactions. Prepare journal entries to record each of the following four separate issuances of stock. a. A corporation issued 7,000 shares of $20 par value common stock for $168,000 cash.
b. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $52,500. The stock has a $2 per share stated value.
c. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $52,500. The stock has no stated value.
d. A corporation issued 1,750 shares of $75 par value preferred stock for $183,750 cash.

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.

Communication comes in various forms. which of the following is considered an old form of communication? a) e-mail b) letter c) skype d) texting