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Alma Corp. issues 2,150 shares of $9 par common stock at $15 per share. When the transaction is recorded, credit(s) are made to a.Common Stock $19,350 and Paid-in Capital in Excess of Stated Value $12,900. b.Common Stock $32,250. c.Common Stock $12,900 and Retained Earnings $19,350. d.Common Stock $19,350 and Paid-in Capital in

Alma Corp. issues 2,150 shares of $9 par common stock at $15 per share. When the transaction is recorded, credit(s) are made to a.Common Stock $19,350 and Paid-in Capital in Excess of Stated Value $12,900. b.Common Stock $32,250. c.Common Stock $12,900 and Retained Earnings $19,350. d.Common Stock $19,350 and Paid-in Capital in

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
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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Alma Corp. issues 2,150 shares of $9 par common stock at $15 per share. When the transaction is recorded, credit(s) are made to

a.Common Stock $19,350 and Paid-in Capital in Excess of Stated Value $12,900.
b.Common Stock $32,250.
c.Common Stock $12,900 and Retained Earnings $19,350.
d.Common Stock $19,350 and Paid-in Capital in Excess of Par Value $12,900.
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