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Suppose a company issues: 100,000 Ordinary Shares at Par Value =$4. The issue Price = $10 per Ordinary Share: The Journal Entry to record this
Suppose a company issues: 100,000 Ordinary Shares at Par Value =$4. The issue Price = $10 per Ordinary Share: The Journal Entry to record this transaction is: Select one: O a. Debit: Cash, $600,000. Credit: Share Capital, $400,000. Share Premium, $200,000 O b. Debit: Cash, $1,000,000. Credit: Share Capital, $400,000. Share Premium, $600,000. O c. Debit: Cash, $1,000,000. Credit Share Capital, $600,000. Share Premium, $500,000 Od. Debit: Cash, $400,000. Credit: Share Capital, $400,000. Share Premium, So. O e. None of these answers
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The Solitary Auditor
Authors: Michael Knapp
1st Edition
161163878X, 978-1611638783
