Bonita Corp. issues 1500 shares of $10 par value common stock at $16 per share. When the transaction is recorded, credits are made to O Common Stock $15000 and Paid-in Capital in Excess of Stated Value $9000. O Common Stock $15000 and Paid-in Capital in Excess of Par $9000. O Common Stock $15000 and Retained Earnings $9000. O Common Stock $24000.

Bonita Corp. issues 1500 shares of $10 par value common stock at $16 per share. When the transaction is recorded, credits are made to O Common Stock $15000 and Paid-in Capital in Excess of Stated Value $9000. O Common Stock $15000 and Paid-in Capital in Excess of Par $9000. O Common Stock $15000 and Retained Earnings $9000. O Common Stock $24000.

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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