Assume that instead of 2 par value shares, Hydro-Slide SA has 5 stated value no-par shares and

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Assume that instead of €2 par value shares, Hydro-Slide SA has €5 stated value no-par shares and the company issues 8,000 shares at €7 per share for cash. The journal entry is:

Cash (Dr) €56,000

Share Capital-Ordinary (Cr) €40,000

Share Premium-Ordinary (Cr) €16,000

Cash (Dr) €56,000

Share Premium-Ordinary (Cr) €56,000

Cash (Dr) €56,000

Share Premium-Ordinary (Cr) €40,000

Share Capital-Ordinary (Cr) €16,000

Cash (Dr) €56,000

Share Capital-Ordinary (Cr) €56,000

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Accounting What the Numbers Mean

ISBN: 978-1259535314

11th edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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Posted Date: Dec 26, 2022 02:40 AM

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Assume that instead of 2 par value shares, Hydro-Slide SA has 5 stated value no-par shares and

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Accounting What the Numbers Mean

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