Question
If Vaughn Manufacturing issues 11500 shares of $10 par value common stock for $415000, the account Paid-in Capital in Excess of Par Value will be
If Vaughn Manufacturing issues 11500 shares of $10 par value common stock for $415000, the account
|
| Paid-in Capital in Excess of Par Value will be credited for $415000. |
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| Cash will be debited for $300000. |
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| Common Stock will be credited for $115000. |
|
| Paid-in Capital in Excess of Par Value will be credited for $115000. |
8-4
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Auditing
Authors: Alan Millichamp, John Taylor
10th Edition
1408044080, 978-1408044087
