Question
If Dakota Company issues 3,000 shares of $9 par common stock for $45,000, a.Paid-In Capital in Excess of Par will be credited for $27,000. b.Paid-In
If Dakota Company issues 3,000 shares of $9 par common stock for $45,000,
a.Paid-In Capital in Excess of Par will be credited for $27,000.
b.Paid-In Capital in Excess of Par will be credited for $18,000.
c.Cash will be debited for $27,000.
d.Common Stock will be credited for $45,000
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
9780730302414
