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Nexis Corp. issues 1,890 shares of $11 par value common stock at $16 per share. When the transaction is journalized, credits are made to Oa.
Nexis Corp. issues 1,890 shares of $11 par value common stock at $16 per share. When the transaction is journalized, credits are made to Oa. Common Stock, $20,790, and Paid-In Capital in Excess of Par-Common Stock, $9,450. Ob. Common Stock, $9,450 and Paid-In Capital in Excess of Stated Value, $20,790. Oc. Common Stock, $9,450 and Retained Earnings, $20,790. Od. Common Stock, $30,240. ?
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