Question
On January 12, 2009, the Blue Ridge Corporation issued 12,675 shares of $10 par-value common stock for $18.75 per share. What are the entries for
On January 12, 2009, the Blue Ridge Corporation issued 12,675 shares of $10 par-value common stock for $18.75 per share. What are the entries for this transactions? Specifically,
1. What is recorded for cash?
2. What is the source of this cash flow?
3. What amount is recorded for common stock?
4. What amount is recorded for paid in capitial in excess of par?
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Frank Woods Business Accounting An Introduction To Financial Accounting
Authors: Alan Sangster, Lewis Gordon, Frank Wood
15th Edition
1292365439, 9781292365435
