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Nexis Corp. issues 1,840 shares of $9 par value common stock at $16 per share. When the transaction is journalized, credits are made to
Nexis Corp. issues 1,840 shares of $9 par value common stock at $16 per share. When the transaction is journalized, credits are made to Oa. Common Stock, $16,560, and Paid-In Capital in Excess of Par-Common Stock $12.880. Ob. Common Stock $29,440. Oc. Common Stock $12,880 and Paid-In Capital in Excess of Stated Value, $16,560. Od. Common Stock $12.880 and Retained Earnings, $16,560.
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul Copley
12th edition
0078025818, 978-0078025815
