On June 1, Federia Ltd. issues 4,500 no-par ordinary shares at a cash price of HK$6 per

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On June 1, Federia Ltd. issues 4,500 no-par ordinary shares at a cash price of HK$6 per share. Journalize the issuance of the shares assuming the shares have a stated value of HK$2 per share.

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Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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Question Posted: Jul 10, 2020 06:44 AM

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On June 1, Federia Ltd. issues 4,500 no-par ordinary shares at a cash price of HK$6 per

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Journal Entry Description Debit Credit Cash HK27000 Common Stock HK9000 Additional paidin capital A...View the full answer

Accounting Principles

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