Question
MJH Company issued 75 shares of stock with a par value of $5 per share for $7 a share. The entry to journalize this would
MJH Company issued 75 shares of stock with a par value of $5 per share for $7 a share. The entry to journalize this would include:
| a debit to common stock of $375 | ||
| a credit to cash of $525 | ||
| a debit to paid in capital in exess of par for $150 | ||
| none of the above |
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408076866
