Question
1.If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, a. Paid-In Capital in Excess of Par will be credited for $66,000
1.If Dakota Company issues 1,500 shares of $6 par common stock for $75,000,
a. Paid-In Capital in Excess of Par will be credited for $66,000
b. Common Stock will be credited for $75,000
c. Cash will be debited for $66,000
d. Paid-In Capital in Excess of Par will be credited for $9,000
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
538480289, 978-0538480284
