Homework Answers
Your required answer is option B i.e. Cash is debited for $20,000, Common stock $0.02 par value is credited for $400, and paid in capital in excess of par- common is credited for $19,600
Explanation:
When a stock is issued in execell of their par value then that additional amount is credited in Paid in capita account and therefore following jouranl will be passed:
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Time Limit: 02:00:00 Submit Test Test: Corporations - Stockholder's equity This Question: 1 pt 21 of...
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