1.If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, a. Paid-In Capital in...

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1.If Dakota Company issues 1,500 shares of $6 par common stock for $75,000,

a. Paid-In Capital in Excess of Par will be credited for $66,000

b. Common Stock will be credited for $75,000

c. Cash will be debited for $66,000

d. Paid-In Capital in Excess of Par will be credited for $9,000

Related Book For answer-question

Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Posted Date: Aug 28, 2020 05:01 AM

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1.If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, a. Paid-In Capital in...

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