"1/1/2018, ABC Corporation offered an additional 1,000,000 shares for public of JD 1 par value common stock at JD 2.5 per share. In 25/2/2018, the number of subscribed shares is 900,000 shares at the end date of subscription. In 14/3/2018, the subscription shares were allotted the offered shares. In recording the transaction in 14/3/2018, credits are made to" "Share capital JD 900,000 and Additional Paid-in Capital JD 1,350,000" "Share capital JD 2,250,000" "Subscribers to Shares Public JD 2,250,000"| "Cash in Bank JD 2,250,000"
"1/1/2018, ABC Corporation offered an additional 1,000,000 shares for public of JD 1 par value common stock at JD 2.5 per share. In 25/2/2018, the number of subscribed shares is 900,000 shares at the end date of subscription. In 14/3/2018, the subscription shares were allotted the offered shares. In recording the transaction in 14/3/2018, credits are made to" "Share capital JD 900,000 and Additional Paid-in Capital JD 1,350,000" "Share capital JD 2,250,000" "Subscribers to Shares Public JD 2,250,000"| "Cash in Bank JD 2,250,000"
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...
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