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Amina Corporation issued 20000 shares of Preferred stock $40 par value for $45 per share for cash. The journal entry of issue: (no answer) Cash
Amina Corporation issued 20000 shares of Preferred stock $40 par value for $45 per share for cash. The journal entry of issue: (no answer) Cash 900 000 Preferred Stock 700 000 Paid-in capital in excess of par 200 000 Cash 800 000 Preferred Stock 800 000 Cash 900 000 Preferred Stock 800 000 Paid-in capital in excess of par 100 000
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