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look for help with question 13 10% - Normal text - Arial - 11 - BIUA - 12 13 answer: debit cash $6,500, credit treasury
look for help with question 13
10% - Normal text - Arial - 11 - BIUA - 12 13 answer: debit cash $6,500, credit treasury stock $5,000, credit Paid in capital - Treasury Stock $1,500 12.)The journal entry to record the May 1st transaction would be -Debit common stock 300,000, credit cash 300,000 -Debit cash 300,000, credit common stock 100,000, credit paid in capital in excess of par 200,000 -debut cash 100,000, credit common stock 100,000 -debit cash 300,000 credit common stock 300,000 answer: Debit cash 300,000, credit common stock 100,000. credit paid in capital in excess of par 200,000 for 12 and 13) On May 1st, San Francisco Corporation issued 10,000 shares of $10 par value common stock for $30 per share. On May 17th, San Francisco Corporation issued 5,000 shares of $50 par value 10% preferred stock for $50 per share. 13.)The journal entry to record to May 17th transaction would be -debit cash 25.000. credit preferred stock 25,000 -debit preferred stock 250.000, credit cast 250.000 -debit cash 250,000 credit preferred stock 25,000, credit paid in capital in excess par of 225,000 -debit cash 250,000, credit preferred stock 250,000 answerill Address http wordStep by Step Solution
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