Question: please help! Question 9 of 50 View Policies Current Attempt in Progress If Blossom Company issues 4500 shares of $5 par value common stock for

please help! please help! Question 9 of 50 View Policies Current Attempt in Progress

Question 9 of 50 View Policies Current Attempt in Progress If Blossom Company issues 4500 shares of $5 par value common stock for $227500, the account Paid-in Capital in Excess of Par Value will be credited for $205000. Cash will be debited for $205000 Paid-in Capital in Excess of Par Value will be credited for $22500. Common Stock will be credited for $227500

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!