If Dakota Company issues 3,000 shares of $6 par common stock for $54,000, Oa. Cash will...
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If Dakota Company issues 3,000 shares of $6 par common stock for $54,000, Oa. Cash will be debited for $18,000. Ob. Common Stock will be credited for $54,000. Oc, Paid-In Capital in Excess of Par will be credited for $18,000. Od. Paid-In Capital in Excess of Par will be credited for $36,000. If Dakota Company issues 3,000 shares of $6 par common stock for $54,000, Oa. Cash will be debited for $18,000. Ob. Common Stock will be credited for $54,000. Oc, Paid-In Capital in Excess of Par will be credited for $18,000. Od. Paid-In Capital in Excess of Par will be credited for $36,000.
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Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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