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Question 33 JOURNAL ENTRIES: Company X issues 300 shares of $10 par value common stock for $15 per share. What is the journal entry to
Question 33 JOURNAL ENTRIES: Company X issues 300 shares of $10 par value common stock for $15 per share. What is the journal entry to record the issuance of the stock? a. Dr. Cash 4500; Cr. Common Stock 3000, Cr. Paid in Capital in Excess of Par Value 1500 b. Dr. Common Stock 3000, Dr. Paid in Capital in Excess of Par Value; Cr. Cash 4500 c. Dr. Cash 4500; Cr. Common Stock 3000, Cr. Paid in Capital in Excess of Stated Value 1500 d. Dr. Common Stock 3000, Dr. Paid in Capital in Excess of Stated Value; Cr. Cash 4500 e. None of the above Question 34 2 points Partners: PARTNERSHIP INCOME DISTRIBUTION: For partnership B, the original capital balances for the three Partner A 100,000, Partner B 200,000 and Partner C 300,000. If the interest on original capital b balances is at the rate of 10%, how much is the interest on Partner A's the original capital balance? a. 200,000 b. 30,000 c. 20,000 d. 10,000 e. None of the above
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