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Problems Dividends are declared out of 2 points Retained Earnings. Paid-in Capital in Excess of Par. Treasury Stock Capital Stock 3 points Ward Corporation issues
Problems Dividends are declared out of 2 points Retained Earnings. Paid-in Capital in Excess of Par. Treasury Stock Capital Stock 3 points Ward Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2012, at 104. The journal entry to record the issuance will show ANAS a credit to Premium on Bonds Payable for $200,000. credit to Bonds Payable for $5,040,000. debit to Cash of $5,000,000 credit to Cash for $5,020,000
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