Question: can you also explain it Norben Company issues 6,000 shares of $5 par value common stock for $35 per share, the account A. Common Stock

can you also explain it

can you also explain it Norben Company issues 6,000 shares of $5

Norben Company issues 6,000 shares of $5 par value common stock for $35 per share, the account A. Common Stock will be credited for $210,000. B. Paid-in Capital in Excess of Par Value will be credited for $180,000. C. Paid-in Capital in Excess of Par Value will be credited for $30,000. D. Cash will be debited for $180,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!