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30 mins time limit. urgent Assignments: CONCE X Question 27 - Acctg X *Course Hero *Course Hero Course Hero X Course Hero X + X
30 mins time limit. urgent
Assignments: CONCE X Question 27 - Acctg X *Course Hero *Course Hero Course Hero X Course Hero X + X C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%.. GLAA Acctg for Corpo. -MC i Saved Help Save & Exit Submit A corporation issued 200 shares of its $5 par value common stock in payment of a $2,800 charge from its accountant for assistance in filing its charter with the state. The entry to record this 27 transaction will include: 01:25:13 Multiple Choice O A $2,800 debit to Legal Expenses. O A $1,000 debit to Organization Expenses. O A $2,800 credit to Common Stock. O A $2,800 credit to Cash. O A $1,800 credit to Paid-in Capital in Excess of Par Value, Common Stock. Graw Assignments: CONCE X Question 28 - Acctg X *Course Hero *Course Hero Course Hero X Course Hero X + X C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%... GLAA Acctg for Corpo. -MC i Saved Help Save & Exit Submit A corporation sold 12,000 shares of its $10 par value common stock at a cash price of $11 per share. The entry to record this transaction would include: 28 Multiple Choice 01:25:03 O A credit to Paid-in Capital in Excess of Par Value, Common Stock for $252,000. O A debit to Cash for $120,000. O A credit to Common Stock for $120,000. O A credit to Common Stock for $132,000. O A debit to Paid-in Capital in Excess of Par Value, Common Stock for $132,000. Graw Hill Assignments: CONCE X Question 29 - Acctg X *Course Hero *Course Hero Course Hero X Course Hero X + X C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%... GLAA Acctg for Corpo. -Mci Saved Help Save & Exit Submit Global Corporation had 40,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 10% stock dividend when the market value of 29 each share was $24. The entry to record the dividend declaration is: 01:24:47 Multiple Choice O Debit Retained Earnings $96,000; credit Common Stock Dividend Distributable $80,000; credit Paid-In Capital in Excess of Par Value, Common Stock $16,000. O Debit Retained Earnings $96,000; credit Cash $96,000. O Debit Retained Earnings $96,000; credit Common Stock Dividend Distributable $96,000. O No entry is made until the stock is issued. O Debit Retained Earnings $80,000; credit Common Stock Dividend Distributable $80,000. Graw 29 of 29 HillStep by Step Solution
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