Caesar Cruise Lines, Inc. issues 8000 shares of its no-par common stock. The issue price of the stock is $24 per share. What is the journal entry required to record the issuance of the shares? Group of answer choices Cash 8000 Common Stock—no par 8000 Common Stock 8000 Addl. Paid-in Capital in Excess of Par—Common 8000 Cash 192,000 Common Stock—no par 192,000 Cash 192,000 Common Stock—no par 8000 Addl. Paid-in Capital in Excess of Par—Common 184,000
Caesar Cruise Lines, Inc. issues 8000 shares of its no-par common stock. The issue price of the stock is $24 per share. What is the journal entry required to record the issuance of the shares? Group of answer choices Cash 8000 Common Stock—no par 8000 Common Stock 8000 Addl. Paid-in Capital in Excess of Par—Common 8000 Cash 192,000 Common Stock—no par 192,000 Cash 192,000 Common Stock—no par 8000 Addl. Paid-in Capital in Excess of Par—Common 184,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 4RE: Sun Corporation issues 500 shares of 8 par common stock for a patent. The stock is currently selling...
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Question
Caesar Cruise Lines, Inc. issues 8000 shares of its no-par common stock. The issue price of the stock is $24 per share. What is the journal entry required to record the issuance of the shares?
Group of answer choices
Cash | 8000 | |
Common Stock—no par | | 8000 |
Common Stock | 8000 | |
Addl. Paid-in Capital in Excess of Par—Common | | 8000 |
Cash | 192,000 | |
Common Stock—no par | | 192,000 |
Cash | 192,000 | |
Common Stock—no par | | 8000 |
Addl. Paid-in Capital in Excess of Par—Common | | 184,000 |
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