a. Issued 15,000 shares of $20 par common stock at $30, receiving cash. Description Debit Credit Cash fill in the blank 2 fill in the blank 3 Common Stock fill in the blank 5 fill in the blank 6 Paid-In Capital in Excess of Par-Common Stock fill in the blank 8 fill in the blank 9 b. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. Description Debit Credit fill in the blank 11 fill in the blank 12 fill in the blank 14 fill in the blank 15
a. Issued 15,000 shares of $20 par common stock at $30, receiving cash. Description Debit Credit Cash fill in the blank 2 fill in the blank 3 Common Stock fill in the blank 5 fill in the blank 6 Paid-In Capital in Excess of Par-Common Stock fill in the blank 8 fill in the blank 9 b. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. Description Debit Credit fill in the blank 11 fill in the blank 12 fill in the blank 14 fill in the blank 15
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10MC: A company issued 40 shares of $1 par value common stock for $5,000. The journal entry to record the...
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