Alma Corp. issues 1,000 shares of $10 par common stock at $14 per share. When the transaction is recorded, credit(s) are made to a. Common Stock, $10,000, and Retained Earnings, $4,000 b. Common Stock, $10,000, and Paid-In Capital in Excess of Par, $4,000 c. Common Stock, $4,000, and Paid-In Capital in Excess of Stated Value, $10,000 d. Common Stock, $14,000
Alma Corp. issues 1,000 shares of $10 par common stock at $14 per share. When the transaction is recorded, credit(s) are made to a. Common Stock, $10,000, and Retained Earnings, $4,000 b. Common Stock, $10,000, and Paid-In Capital in Excess of Par, $4,000 c. Common Stock, $4,000, and Paid-In Capital in Excess of Stated Value, $10,000 d. Common Stock, $14,000
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10MC: A company issued 40 shares of $1 par value common stock for $5,000. The journal entry to record the...
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Alma Corp. issues 1,000 shares of $10 par common stock at $14 per share. When the transaction is recorded, credit(s) are made to a. Common Stock, $10,000, and
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