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If Dakota Company issues 1,100 shares of $10 par common stock for $18,700, Oa. Common Stock will be credited for $18,700. Ob. Paid-In Capital
If Dakota Company issues 1,100 shares of $10 par common stock for $18,700, Oa. Common Stock will be credited for $18,700. Ob. Paid-In Capital in Excess of Par will be credited for $7,700. Oc. Paid-In Capital in Excess of Par will be credited for $11,000. Od. Cash will be debited for $11,000.
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