Harvey Company is authorized to issue 50,000 shares of $25 par ordinaary share. On May 30,...
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Harvey Company is authorized to issue 50,000 shares of $25 par ordinaary share. On May 30, 20X6, Harvey issued 25,000 shares at $45 per share. Harvey's journal entry to record these facts should include a A. credit to Paid-in Capital in Excess of Par for $1,125,000. B. credit to ordinary shares for $625,000. C. debit to ordinary shares for $1,125,000 D. both a and c. Harvey Company is authorized to issue 50,000 shares of $25 par ordinaary share. On May 30, 20X6, Harvey issued 25,000 shares at $45 per share. Harvey's journal entry to record these facts should include a A. credit to Paid-in Capital in Excess of Par for $1,125,000. B. credit to ordinary shares for $625,000. C. debit to ordinary shares for $1,125,000 D. both a and c.
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Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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