Chapter 13 week 5 E13-16

Chapter 13 week 5 E13-16 - December Equipment $ 200,000...

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E13-16 Mane Event Styling Salon Option 1       December Cash (10,000 shares x $70)  $              700,000      Common stock (10,000 shares x $10 par value    $                  100,000    Paid in Capital in Excess of Par-       Common (10,000 x $60)    $                  600,000    Issued common stock at a premium               Land  $              500,000      Cash    $                  500,000            Equipment  $              200,000      Cash    $                  200,000                                  Option 2  
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Unformatted text preview: December Equipment $ 200,000 Builidng $ 500,000 Common Stock (10,000 x $10) $ 100,000 Paid in Capital in Excess of Par - Common (700,000 - 100,00) $ 600,000 Issued common stock in exchange for equipment & bulidng While the stock offerings are the same Mane Event makes out better by issuing stock for the equipment & building by $100,000...
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