Question
Match the following statements, by choosing the correct letter. Each answer can only be used One time. 1 Issuing common stocks at par for cash
Match the following statements, by choosing the correct letter. Each answer can only be used One time.
1 | Issuing common stocks at par for cash | A | Debit: Cash Debit: Discount on bonds payable Credit: Bonds payable |
2 | Declaring a large common stock dividends | B | Debit: Common stock dividends distributable Credit: Common stocks |
3 | Paying off interest accrued from last year | C | Debit: depletion expense Credit: Accumulated depletion |
4 | Retirement of bonds at Maturity | D | Debit: Cash Credit: Common stocks Credit: Paid in capital in excess of par |
5 | Paying off an installment on a long term note payable | E | Debit: Cash Credit: common stocks |
6 | Recording deletion expense | F | No journal entry |
7 | Issuing bonds for cash, at 98 | G | Debit: stock dividends Credit: Common stock dividends distributable. |
8 | Performing a 1: 3 stock split | H | Debit: Notes payable Debit: Interest expense Credit: Cash |
9 | Issuing common stocks at a price above par for cash | I | Debit: Interest payable Credit: Cash |
10 | Issuing a large common stock dividends | J | Debit: Bonds payable Credit: Cash |
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