On May 10, Whispering Winds Corp. issues 2,450 shares of $15 par value common stock for cash at $18 per share. Journalize the issuance of the stock.

Please  find answers in the explanation column

Explanation:

Date                Account                       Debit              Credit

May 10         cash                              $44,100  

                  Common stock                                      $36, 750

paid in capital in excess of

par value common stock                                       $7,350    

Calculation

Cash =  shares issued x cash per share = 2,450 x 18 =$44,100

Common stock= shares issued x par value common stock = 2,450 x $15=$36, 750

paid in capital in excess of -par value common stock= 2450 x (18-15 = 2450 x $3)= 7,350

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

answer; signaling;