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If Dakota Company issues 3,000 shares of $6 par common stock for $60,000, Oa. Common Stock will be credited for $60,000. Ob. Paid-In Capital in
If Dakota Company issues 3,000 shares of $6 par common stock for $60,000, Oa. Common Stock will be credited for $60,000. Ob. Paid-In Capital in Excess of Par will be credited for $18,000. Oc. Cash will be debited for $18,000. Od. Paid-in Capital in Excess of Par will be credited for $42,000
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