Question
If Dakota Company issues 2,100 shares of $5 par common stock for $46,200, a) Common Stock will be credited for $46,200. b) Paid-In Capital in
If Dakota Company issues 2,100 shares of $5 par common stock for $46,200,
a) Common Stock will be credited for $46,200.
b) Paid-In Capital in Excess of Par will be credited for $10,500.
c) Paid-In Capital in Excess of Par will be credited for $35,700.
d) Cash will be debited for $10,500.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
