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If Świfty Company issues 5300 shares of $5 par value common stock for $166000, O Common Stock will be credited for $166000O. O Cash will be debited for $139500. O Paid-In Capital in Excess of Par will be credited for $139500. O Paid-In Capital in Excess of Par will be credited for $26500.

If Świfty Company issues 5300 shares of $5 par value common stock for $166000, O Common Stock will be credited for $166000O. O Cash will be debited for $139500. O Paid-In Capital in Excess of Par will be credited for $139500. O Paid-In Capital in Excess of Par will be credited for $26500.

FINANCIAL ACCOUNTING
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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education.wiley Question 9 of 20 View Policies Current Attempt in Progress If Świfty Company issues 5300 shares of $5 par value common stock for $166000, O Common Stock will be credited for $166000. O Cash will be debited for $139500. O Paid-In Capital in Excess of Par will be credited for $139500. O Paid-In Capital in Excess of Par will be credited for $26500. eTextbook and Media Save for Later A Type here to search a DELL 近
Transcribed Image Text:education.wiley Question 9 of 20 View Policies Current Attempt in Progress If Świfty Company issues 5300 shares of $5 par value common stock for $166000, O Common Stock will be credited for $166000. O Cash will be debited for $139500. O Paid-In Capital in Excess of Par will be credited for $139500. O Paid-In Capital in Excess of Par will be credited for $26500. eTextbook and Media Save for Later A Type here to search a DELL 近
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