If Wildhorse Co. issues 9000 shares of $ 10 par value common stock for $ 430000 ,

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If Wildhorse Co. issues 9000 shares of $10 par value common stock for $430000, the account

Cash will be debited for $340000.

Paid-in Capital in Excess of Par Value will be credited for $90000.

Paid-in Capital in Excess of Par Value will be credited for $340000.

Common Stock will be credited for $430000.

Related Book For answer-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1337788281

3rd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Posted Date: Apr 19, 2022 10:07 AM

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If Wildhorse Co. issues 9000 shares of $ 10 par value common stock for $ 430000 ,

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Intermediate Accounting Reporting and Analysis

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