b. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. Description Debit Credit fill in the blank 11 fill in the blank 12 fill in the blank 14 fill in the blank 15 fill in the blank 17 fill in the blank 18
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- A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting journal entry would include which of the following? A. a credit to common stock B. a credit to cash C. a debit to paid-in capital in excess of preferred stock D. a debit to casha. Issued 15,000 shares of $20 par common stock at $30, receiving cash. Description Debit Credit Cash fill in the blank 2 fill in the blank 3 Common Stock fill in the blank 5 fill in the blank 6 Paid-In Capital in Excess of Par-Common Stock fill in the blank 8 fill in the blank 9 b. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. Description Debit Credit fill in the blank 11 fill in the blank 12 fill in the blank 14 fill in the blank 15 fill in the blank 17 fill in the blank 18 c. Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually.a. Issued 15,000 shares of $20 par common stock at $30, receiving cash. Description Debit Credit Cash fill in the blank 2 fill in the blank 3 Common Stock fill in the blank 5 fill in the blank 6 Paid-In Capital in Excess of Par-Common Stock fill in the blank 8 fill in the blank 9 b. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. Description Debit Credit fill in the blank 11 fill in the blank 12 fill in the blank 14 fill in the blank 15 fill in the blank 17 fill in the blank 18
- a. Issued 15,000 shares of $20 par common stock at $30, receiving cash. Description Debit Credit Cash fill in the blank 2 fill in the blank 3 Common Stock fill in the blank 5 fill in the blank 6 Paid-In Capital in Excess of Par-Common Stock fill in the blank 8 fill in the blank 9A company issued 40 shares of $1 par value common stock for $5,000. The journal entry to recordthe transaction would include which of the following?A. debit of $4,000 to common stockB. credit of $20,000 to common stockC. credit of $40 to common stockD. debit of $20,000 to common stockNebraska Inc. issues 2,300 shares of common stock for $73,600. The stock has a stated value of $12 per share. The journal entry to record the stock issuance would include a credit to Common Stock for a.$73,600 b.$27,600 c.$2,300 d.$46,000
- 1.000 shares of common stock with a par value of $5 is sold for $8. Which of the following is correct: A. Cash is debited for $5,000 B. Common Stock is debited for $5,000 C. Paid in Capital in Excess of Par is credited for $3,000 D. Common Stock is credited for $8,000A company issued 30 shares of $.50 par value common stock for $12,000. The credit to additional paid-in capital would be________. A.$11,985 B.$12,000 C.$15 D.$10,150A company issued 30 shares of $.50 par value common stock for $12,000. The credit to additional paid-in capital would be, A. $11,985 B. $12,000 C. $15 D. $10,150
- If Company issues 3,000 shares of $8 par common stock for $51,000, a. Common Stock will be credited for $51,000. b. Paid-In Capital in Excess of Par will be credited for $27,000. c. Cash will be debited for $24,000. d. Paid-In Capital in Excess of Par will be credited for $24,000.A company issued 50 shares of $100 par value common stock for $7,400 cash. The Journal entry to record the issuance is: Multiple Choice Debit Cash $7,400, credit Paid-in Capital in Excess of Par Value, Common Stock $5,000, credit Common Stock $2.400. Debit Common Stock $5,000, debit Investment in Common Stock $2,400, credit Cash $7,400. Debit Cash $7,400; credit Common Stock $7,400. Debit Investment in Common Stock $7,400; credit Cash $7,400 Debit Cash $7,400, credit Common Stock $5,000, credit Paid-in Capital in Excess of Par Value, Common Stock $2,400If Dakota Company issues 1,100 shares of $6 par common stock for $24,200, a.Cash will be debited for $6,600. b.Common Stock will be credited for $24,200. c.Paid-In Capital in Excess of Par will be credited for $17,600. d.Paid-In Capital in Excess of Par will be credited for $6,600.