Question
If Dakota Company issues 2,100 shares of $7 par common stock for $42,000, a.Paid-In Capital in Excess of Par will be credited for $14,700. b.Paid-In
If Dakota Company issues 2,100 shares of $7 par common stock for $42,000,
a.Paid-In Capital in Excess of Par will be credited for $14,700.
b.Paid-In Capital in Excess of Par will be credited for $27,300.
c.Cash will be debited for $14,700.
d.Common Stock will be credited for $42,000.
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
