Question
Jahnke Corporation issued 8,000 shares of $2 par value ordinary shares for $11 per share. The journal entry to record the sale will include? a.
Jahnke Corporation issued 8,000 shares of $2 par value ordinary shares for $11 per share. The journal entry to record the sale will include?
a. a credit to Share Capital-Ordinary or $88,000
b. a debit to Retained Earnings for $72,000
c, a debit to cash for $16,000
d. a credit to Share Premium-ordinary for $72,000
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GMP Audit Trainer Good Manufacturing Practices Made Easy
Authors: Mr Brendan Cooper
1st Edition
1548711934, 978-1548711931
