The entry to record the issuance of common stock for fully paid stock subscriptions is
a. a memorandum entry.
b. Common Stock Subscribed, Common Stock Additional Paid-In Capital.
c. Common Stock Subscribed, Subscriptions Receivable.
d. Common Stock Subscribed, Common Stock.
D
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Accounting professionals should understand database systems for all of the following reasons except:
A. Accountants frequently help improve business and IT processes. B. Accountants typically manage organizations' operational databases. C. Accountants increasingly participate in creating internal control systems. D. Accountants have a strong understanding of risks, controls and business processes.
What is the term for gathering and analyzing electronic evidence?
a. confiscating computers b. computer forensics c. electronic surveillance d. electronic investigation
On January 1, 2019, Booth Sales issues $10,000 in bonds for $10,900. These are 5-year bonds with a stated rate of 4%, and pay semiannual interest. Booth Sales uses the straight-line method to amortize bond premium.
Prepare the journal entry for the first interest payment on June 30, 2019. Omit explanation.
The fee paid by a retailer to a credit card company is considered a contra-revenue account by the retailer
Indicate whether the statement is true or false