Date Accounts and Explanation Debit Credit Common Stock-$0.10 Par Value 1,600,000 a. Cash 40,000 Paid-In Capital in Excess of Par-Common 1,560,000 b. Common Stock-$0.10 Par Value 1,600,000 Cash 1,600,000 C. Cash 1,600,000 Common Stock-$0.10 Par Value 40,000 Paid-In Capital in Excess of Par-Common 1,560,000 d. Cash 1,600,000 Common Stock-$0.10 Par Value 1,600,000

Date Accounts and Explanation Debit Credit Common Stock-$0.10 Par Value 1,600,000 a. Cash 40,000 Paid-In Capital in Excess of Par-Common 1,560,000 b. Common Stock-$0.10 Par Value 1,600,000 Cash 1,600,000 C. Cash 1,600,000 Common Stock-$0.10 Par Value 40,000 Paid-In Capital in Excess of Par-Common 1,560,000 d. Cash 1,600,000 Common Stock-$0.10 Par Value 1,600,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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