Question
Bramble Corp. issued 6000 shares of stock at a stated value of $10/share. The total issue of stock sold for $17/share. The journal entry to
Bramble Corp. issued 6000 shares of stock at a stated value of $10/share. The total issue of stock sold for $17/share. The journal entry to record this transaction would include a
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| debit to Cash for $60000. |
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| credit to Common Stock for $60000. |
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| credit to Paid-in Capital in Excess of Par Value for $42000. |
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| credit to Common Stock for $102000. |
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Quality Auditing Journal Notes Checklists Observations Evidence Questions Log
Authors: Leon Edward
1st Edition
1729431569, 978-1729431566
