Kim, Inc. issued 15,000 ordinary shares with a stated value of 100/share. The total issue of...
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Kim, Inc. issued 15,000 ordinary shares with a stated value of ¥100/share. The total issue of shares sold for 150 per share. The journal entry to record this transaction would include a a. debit to Cash for ¥1,500,000. b. credit to Share Capital-Ordinary for ¥1,500,000. c. debit to Share Premium-Ordinary for ¥750,000. d. credit to Share Capital-Ordinary for ¥2,250,000. Kim, Inc. issued 15,000 ordinary shares with a stated value of ¥100/share. The total issue of shares sold for 150 per share. The journal entry to record this transaction would include a a. debit to Cash for ¥1,500,000. b. credit to Share Capital-Ordinary for ¥1,500,000. c. debit to Share Premium-Ordinary for ¥750,000. d. credit to Share Capital-Ordinary for ¥2,250,000.
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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