Question
Jahnke Corporation issued 10,000 shares of 2 par value ordinary shares for 11 per share. The journal entry to record the sale will include A.a
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Jahnke Corporation issued 10,000 shares of 2 par value ordinary shares for 11 per share. The journal entry to record the sale will include
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A.a debit to Cash for20,000.
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B.a debit to RetainedEarnings for 27,500.
- C.a credit to Share PremiumOrdinary for 90,000.
- D.a credit to Share CapitalOrdinary for 110,000.
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Financial Accounting Tools For Business Decision-Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Canadian Edition
0470833378, 978-0470833377
