EXAM #3 WEEK 7 (Chapters 8-12)
Should be completed by Sunday at 11:59 p.m. ET.
Question 1: On January 1, a machine costing $260,000 with a 4-year life and an estimated
$5,000 salvage value was purchased. It was also estimated that the machine would produc
Common Stock, No-Par Value.
Issued common stock for cash.
Common Stock, $20 Par Value.
Contributed Capital in Excess of Par
Value, Common Stock.
Issued common stock for c